Issue of Shares in Exchange for GPRE Shares, TVR

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 8195N Globalworth Real Estate Inv Ltd 23 January 2019  \n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n23 January 2019\nGlobalworth Real Estate Investments Limited \n(\"Globalworth\" or the \"Company\")\nIssue of New Shares in Exchange for Shares in Globalworth Poland and Total Voting Rights\nGlobalworth, the leading office investor in Central and Eastern Europe, is pleased to announce that, in accordance with existing shareholder authorities, it has agreed with certain shareholders in Globalworth Poland (GPRE), its Polish subsidiary, to acquire 17,832,921 GPRE shares in exchange for 3,135,459 newly issued shares in the Company.  Completion of these share exchanges will take place on 28 January 2019, after the record date in relation to the interim dividend of 25 January 2019. Following the completion of these transactions and taking into account its acquisition of other shares in GPRE for cash during the second half of 2018, the Company will hold 73.7% of GPRE. \nApplication for Admission of Ordinary Shares to trading on AIM\nApplication will be made for 3,135,459 new Ordinary Shares to be admitted to trading on AIM, with admission expected to take place on 28 January 2019.  Following admission of these Ordinary Shares, the Company's enlarged issued share capital will comprise 135,640,485 Ordinary Shares with voting rights in the Company. This is the total number of voting rights which may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest, or a change in their interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules, and as reflected in the Company's articles of incorporation.  The Company owns a further 93,976 ordinary shares held in treasury. \nThis transaction represents a substantial transaction pursuant to the AIM Rules.\n \nFor further information visit www.globalworth.com or contact:  \nEnquiries \nAndrew Cox                                ...

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