Globalworth Real Estate Inv Ltd Issue of Scrip Dividend Shares & Admission to AIM (3527V)

TIDMGWI

RNS Number : 3527V

Globalworth Real Estate Inv Ltd

04 April 2023

FOR IMMEDIATE RELEASE

4 April 2023

Globalworth Real Estate Investments Limited

( " Globalworth " or the " Company " )

Issuance of Scrip Dividend Shares and Admission to AIM

Further to the Company's announcement on 23 March 2023, the Company is pleased to announce that shareholders have elected to receive the Scrip Dividend Alternative in respect of a total of 217,446,354 ordinary shares, representing approximately 98.1% of the total issued share capital of the Company as at 3 April 2023 (being the latest practicable date prior to the date of this announcement).

As a result, in connection with the Interim Dividend announced on 9 March 2023, the Company will pay a total of EUR630,224 in cash and issue a total of 14,305,676 Scrip Dividend Shares.

Application will be made for the Scrip Dividend Shares to be admitted to trading on AIM. Admission of the Scrip Dividend Shares is expected to become effective on 18 April 2023.

The Scrip Dividend Shares will rank pari passu in all respects with the existing ordinary shares of the Company.

Immediately following the issuance of the Scrip Dividend Shares, the total number of ordinary shares in the Company in issue excluding shares held as treasury shares will be 235,894,645 and this is the total number of voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.

All capitalised terms used in this announcement shall, unless otherwise defined, have the meanings given to them in the scrip dividend circular published by the Company on 9 March 2023 and available on the Company's website at https://www.globalworth.com/investor-relations/corporate-documents/ .

 
 Enquiries 
 Stamatis Sapkas                         Tel: [phone] 
  Chief Financial Officer 
 Panmure Gordon (Nominated Adviser and   Tel: [phone] 
  Broker) 
  Dominic Morley 
 

About Globalworth / Note to Editors :

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is EUR3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.

For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

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April 04, 2023 07:33 ET (11:33 GMT)