Shares issue, Transfer of Treasury Shares and TVR

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 7060E Globalworth Real Estate Inv Ltd 05 July 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 \n5 July 2019\nGlobalworth Real Estate Investments Limited \n(\"Globalworth\" or the \"Company\")\nIssue of Shares, Transfer of Shares out of Treasury and Total Voting Rights\nFollowing the announcement on 13 June 2019 of the new Group-wide remuneration policy and the termination of the previous incentive fee arrangements (the \"Plan\") for Globalworth Investment Advisers Ltd (\"GIAL\"), a wholly-owned subsidiary of the Company, the Board of Globalworth confirms it has today resolved the following:\n·    to transfer 123,241 ordinary shares of no par value which are currently held in treasury (\"Treasury Shares\") and to issue 2,758,816 ordinary shares of no par value (\"Ordinary Shares\") to GIAL in settlement of the shares element of the Plan termination;\n·    to transfer a further 45,791 Treasury Shares to employees of the Group in settlement of the shares element of the Plan termination; and\n·    as part of the implementation of the long-term incentive plan which forms part of the new Group-wide remuneration policy, to issue 342,184 Ordinary Shares to GIAL. These Ordinary Shares will not vest unless and until satisfaction of the relevant performance conditions, as outlined in the announcement on 13 June 2019. \nIn addition, 87,148 Treasury Shares are to be utilised to satisfy awards made for 2017 under the share award plan in place for employees of the Company's Romanian subsidiaries, such shares vesting automatically in accordance with that share award plan.\nFollowing the above transfers, the Company will hold 777 Treasury Shares. \n \nApplication will be made for 3,101,000 new Ordinary Shares to be admitted to trading on AIM with admission expected to take place on 11 July 2019 (\"Admission\").  Following Admission, the Company's enlarged issued share capital will comprise 193,834,684 Ordinary Shares with voting rights in the Company. The transfer of the Treasury Shares will take place as soon as possible. \n&n...

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