Globalworth Real Estate Inv Ltd Application for Admission of Shares to AIM (0322D)
April 21 2017 - 10:09AM
UK Regulatory
TIDMGWI
RNS Number : 0322D
Globalworth Real Estate Inv Ltd
21 April 2017
Globalworth Real Estate Investments Limited
Application for Admission of Ordinary Shares to trading on
AIM
Guernsey 21 April 2017: Globalworth Real Estate Investments Ltd.
(AIM: GWI) ("Globalworth" or the "Company") announces the issue of
206,418 ordinary shares of no par value in the Company ("Ordinary
Shares") to its subsidiary Globalworth Investment Advisers Limited
("GIAL"). These shares are being issued in satisfaction of the
share portion of the Variable Annual Fee due to GIAL from the
Company for the year ended 31 December 2016, per the Investment
Advisory Agreement between the Company and GIAL signed on 24 July
2013 (as amended on 16 December 2016 and approved by shareholders
on 25 November 2016).
The Ordinary Shares are being issued at EUR8.00 per Ordinary
Share, being the subscription price in the EUR200m equity
fundraising completed in December 2016.
Application has been made for 206,418 new Ordinary Shares to be
admitted to trading on AIM on 26 April 2017. Following admission of
these Ordinary Shares, the Company's enlarged issued share capital
will comprise 90,603,366 Ordinary Shares with voting rights in the
Company. As the Company holds no shares in treasury, this is the
total number of the 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 and Transparency Rules as
reflected in the Company's articles of incorporation.
For further information visit www.globalworth.com or
contact:
Panmure Gordon (Nominated Tel: +44 20 7886
Adviser and Joint Broker) 2500
Andrew Potts
Cantor Fitzgerald Europe (Joint Tel: +44 20 7894
Broker) 7000
Rick Thompson
David Foreman
Milbourne (Public Relations) Tel: +44 7903 802545
Tim Draper
About Globalworth
Globalworth is a real estate investment company active in the
CEE and SEE regions with a focus on Romania. The Company is
internally managed by c.70 professionals and its portfolio at year
end 2016 comprised of 15 high quality real estate investments
valued at c.EUR978m, all located in Romania.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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