Results of EGM

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 2175Q Globalworth Real Estate Inv Ltd 25 November 2016  \n\nGlobalworth Real Estate Investments Limited\nResults of EGM\nGlobalworth Real Estate Investments Limited (the \"Company\") is pleased to announce that the resolutions (the \"Resolutions\") proposed at the Extraordinary General Meeting held today to approve the terms of a new fee arrangement (the \"Plan\") for its subsidiary, Globalworth Investment Advisers Limited, the Company's internal investment adviser, were duly passed.\nFurther details of the Plan and the Resolutions were set out in the circular to shareholders dated 1 November 2016.\nDetails of the proxies from shareholders in respect of the Resolutions are set out below:\n \n\n\n\n\nResolution\n\n\nFor\n\n\nAgainst\n\n\nWithheld\n\n\n\n\n\n\n\nNumber\n\n\n%\n\n\nNumber\n\n\n%\n\n\nNumber\n\n\n%\n\n\n\n\n1: Approval of Plan\n \n\n\n55,442,527\n\n\n100\n\n\n0\n\n\n0\n\n\n0\n\n\n0\n\n\n\n\n2: Authority to allot and issue shares pursuant to the Plan\n\n\n52,938,366\n\n\n95.5\n\n\n2,504,161\n\n\n4.5\n\n\n0\n\n\n0\n\n\n\n\n \n \nFor further information visit www.globalworth.com or contact:  \n\n\n\n\nGlobalworth Real Estate Investments Limited\nDimitris Raptis\n \n\n\nTel: +40 372 800 000\n\n\n\n\nPanmure Gordon (Nominated Adviser and Joint Broker)\nAndrew Potts\n \n\n\nTel: +44 20 7886 2500\n \n\n\n\n\nCantor Fitzgerald Europe (Joint Broker)      \nRick Thompson\nDavid Foreman\n \n\n\nTel: +44 20 7894 7000\n\n\n\n\nMilbourne (Public Relations)\nTim Draper\n\n\nTel: +44 7903 802545\n\n\n\n\n \nAbout Globalworth\nGlobalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas currently focused on taking advantage of investment opportunities in Romania. The Company's shares were admitted to trading on AIM in July 2013.\nThe Romanian market offers an attractive real estate investment proposition in the medium-to-long term. Globalworth believes that global investor capital flows will gradually move from markets considered as \"safe havens\" to more peripheral markets such as Romania in search of higher yielding investments. As a result, Romania should, in due course, become a more attractive destination for a wide investor audience. Globalwor...

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