AGM Notice & Availability of Annual Report

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \n17 May 2023\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\nNotice of AGM and Availability of Annual Report\n \nNotice of AGM\n \nGlobalworth announces that the following documents are available on the Company's website at  www.globalworth.com/investor-relations/key-corporate-documents:\n \n·    Letter to Shareholders dated 17 May 2023\n·    Notice of AGM dated 17 May 2023\n \nThe Letter and the Notice of AGM should be read in full before taking a decision. This notification is not a summary of the Letter and the Notice of AGM, and should not be regarded as a substitute for reading them.\n \nThe Board of Globalworth is pleased to provide formal notice of the Company's AGM, which is set out in the Notice of AGM, and which is to be held at the Company's registered office address located at Anson Court, La Route des Camps, St Martin, Guernsey GY4 6AD at 9.30 a.m. on 19 June 2023. Please note this change of time (now 30 minutes earlier) from that indicated in our regulatory announcement of 24 March 2023.\n \nIn addition to the customary AGM business, two additional resolutions are being proposed:\n \n·    Pursuant to the Globalworth Share Award Plan (the \"Plan\"), certain employees have the right to receive shares in the Company which are then issued to the employees no earlier than 12 months after the date of their award. The Company wishes to grant such employees a put option, via an instrument (the \"Buy Back Instrument\"), to require the Company to repurchase the shares awarded (the \"Sale Shares\") during the three month period after their issue, the Sale Shares to then be repurchased off-market and at the price at which they were issued, and subject to such other terms and conditions as set out in the Buy Back Instrument. The total number of shares to which this relates is 111, 784 which is equivalent to 0.047% of the current total number of voting rights in the Company.\n \n·    The authority set out in proposed Resolution 9 is intended to provide the Board with authority to execute the Buy Back Instrument. Proposed Resolution 10 will permit the Company to repurchase the Sale Shares notwithstanding the expiry of the authority to execute the Buy Ba...

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