Completion of refinancing and issue of equity

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 1783B Globalworth Real Estate Inv Ltd 14 June 2016  \n\nGlobalworth Real Estate Investments Limited\nUpdate on completion of refinancing and issue of equity\nGuernsey, 14 June 2016:  Globalworth Real Estate Investments Ltd. (AIM: GWI) (\"Globalworth\" or the \"Company\"), the real estate investment company targeting opportunities in Romania, is pleased to announce that, further to the announcements dated 31 May 2016 and 8 June 2016, drawdown under the €180 million bond transaction and repayment of the €100 million corporate level facility granted by an affiliate of York Capital Management Global Advisors, LLC, York Global Finance Offshore BDH (Luxembourg) S.à r.l. (\"York\"), and by funds managed and / or advised by Oak Hill Advisors (Europe), L.P. and / or its affiliates, has completed, including by way of the issue to York of 1,000,000 new shares (the \"Shares\") in satisfaction of €6,000,000 otherwise payable by the Company to York under the €100 million facility, subject only to admission of new Shares to trading on AIM (\"Admission\").\nApplication for Admission has been made to the London Stock Exchange plc and it is expected that Admission will become effective, and dealings in the new Shares on AIM will commence, on 15 June 2016.  The 1,000,000 new Shares will rank pari passu with the existing Shares of the Company.\nFollowing Admission, the Company's enlarged issued share capital will comprise 64,023,987, Shares with voting rights in the Company. The Company holds no shares in treasury. Therefore the total number of the voting rights in the Company is 64,023,987, which may be used by shareholders in the Company 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 section 5 of the FCA's Disclosure and Transparency Rules as reflected in the Company's articles of incorporation.\n \nFor further information visit www.globalworth.com  or contact: \nPanmure Gordon (Nominated Adviser and Joint Broker)                   Tel: +44 20 7886 2500\nAndrew Potts\n \nCantor Fitzgerald Europe (Joint Broker)        &n...

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