THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
28 September 2021
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Results of AGM and Board Reappointments
Results of Annual General Meeting
The Board of Directors of the Company is pleased to announce that, at the annual general meeting of the Company held on Tuesday 28 September 2021, all the resolutions relating to both the ordinary business and the special business were duly passed by shareholders. Votes were as follows:
| 1. | IT WAS RESOLVED that the Company's annual report and audited financial statements for the year ended 31 December 2020, together with the directors' and auditor's reports thereon, be received and adopted. (191,206,846 votes cast, all in favour, none against and none withheld). |
| 2. | IT WAS RESOLVED that Ernst & Young Cyprus Limited be re-appointed as auditor of the Company. (191,206,846 votes cast, all in favour, none against and none withheld). |
| 3.
| IT WAS RESOLVED that the Directors be authorised to agree the auditor's remuneration. (191,206,846 votes cast, all in favour, none against and none withheld). |
| 4. | IT WAS RESOLVED that Mr David Maimon be re-appointed as a director. (191,206,846 votes cast, 190,523,761 in favour, 683,085 against and none withheld). |
| 5. | IT WAS RESOLVED that in replacement of all previous authorities, the Company be authorised, in accordance with section 315(1)(a) of The Companies (Guernsey) Law, 2008, as amended (the "Law"), to make market acquisitions (within the meaning of section 316 of the Law) of ordinary shares in the capital of the Company on the terms set out in the notice of the AGM. (191,206,846 votes cast, all in favour, none against and none withheld). |
| 6. | IT WAS RESOLVED that the Directors be authorised to exercise an Acquisition Share Authority in respect of 16,619,173 Shares on the terms set out in the notice of the AGM. (191,206,846 votes cast, all in favour, none against and none withheld). |
| 7. | IT WAS RESOLVED that the Directors be authorised to issue up to 147,725,979 Shares on the terms set out in the notice of the AGM. (191,206,846 votes cast, all in favour, none against and none withheld). |
| 8. | IT WAS RESOLVED that the provisions relating to pre-emption rights enshrined in Article 5 of the Articles be disapplied in respect of up to 16,619,173 Shares, provided that this authority shall be limited by the terms set out in the notice of the AGM. (191,206,846 votes cast, 190,523,761 in favour, 683,085 against and none withheld). |
Board Reappointments
As previously announced, Resolutions regarding the annual re-elections of Geoff Miller, John Whittle and Andreea Petreanu were not included in this year's Notice of AGM. Instead, immediately following the AGM, they have been re-appointed by the Board for an interim period, pending confirmation of anticipated changes to Globalworth's Board in order to reflect the Consortium's (CPI Property Group S.A. and Aroundtown SA through their indirect ownership of Zakiono) majority shareholding in Globalworth. Further information regarding the long-term composition of the Board will be provided in due course.
For further information visit www.globalworth.com or contact:
Enquiries
| Stamatis Sapkas Deputy Chief Investment Officer | Tel: +40 732 800 000 |
| Jefferies (Joint Broker) Stuart Klein | Tel: +44 20 7029 8000 |
| Panmure Gordon (Nominated Adviser and Joint Broker) Alina Vaskina | Tel: +44 20 7886 2500
|
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 230 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.1 billion, as at 30 June 2021. Approximately 95.1% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 650 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 and Pitesti. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.
IMPORTANT NOTICE: This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.
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