Further update on investment in Poland

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 6965W Globalworth Real Estate Inv Ltd 16 November 2017  \n\n16 November 2017\n \nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\nFurther update on Investment in Poland\nGlobalworth announced in October 2017 (the \"Announcement\") that its subsidiary Globalworth Asset Managers SRL (\"GAM\") had entered into a conditional investment agreement to acquire a minimum of 50.01% and up to 67.90% of the issued share capital of Griffin Premium RE.. N.V. (\"GPRE\"), a Dutch entity listed on the Warsaw Stock Exchange, (the \"Investment\") to be effected by way of a public tender offer (the \"Tender Offer\"). \nThe Board of Globalworth today notes that at the EGM of GPRE held today, the resolutions proposed were duly passed.  The passing of these resolutions represented a condition to the Investment which condition has now been satisfied. The Company currently expects all remaining conditions to be satisfied, the Tender Offer to be closed and completion of the Investment, prior to 31 December 2017. \n \nTerms which are not otherwise defined in this announcement have the meanings given to them in the Announcement.\nA full copy of the Announcement can be found here:\nwww.globalworth.com/investor-relations/key-corporate-documents.aspx\nThe Board of Globalworth will continue to keep shareholders updated as appropriate.\nEnquiries:\nAndrew Cox                                                                                                                        Tel: +44 20 3026 4027 \nHead of Investor Relations & Corporate Development  \nPanmure Gordon (Nominated Adviser and Joint Broker)               &n...

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