Notice of AGM and Availability of Annual Report

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n  \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n  \n \n \n 17 May 2022\n \n \n \n Globalworth Real Estate Investments Limited\n \n \n \n \n (\"Globalworth\" or the \"Company\")\n \n \n \n \n Notice of AGM and Availability of Annual Report\n \n \n \n  \n \n \n \n Notice of AGM\n \n \n \n  \n \n \n Globalworth\n announces\n that the following documents are available on the Company's website at  \n \n www.globalworth.com/investor-relations/corporate-documents/\n \n :\n \n \n  \n \n \n ·\n Letter to Shareholders dated 17 May 2022\n \n \n ·\n Notice of AGM dated 17 May 2022\n \n \n \n  \n \n \n \n The 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 \n \n  \n \n \n The 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 10.00 a.m. on 20 June 2022.\n \n \n  \n \n \n In addition to the customary AGM business, two additional resolutions are being proposed\n :\n \n \n  \n \n \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\n an instrument (the \"Buy Back Instrument\"),\n 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 97,497, which is equivalent to 0.04% of the current\n total number of voting rights in the Company\n .\n \n \n  \n \n \n ·\n The authority set out in proposed Resolution 8 is intended to provide the Board with authority to execute the Buy Back Instrument. Proposed Resolution 9 will permit the...

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