Update on Investment in Poland

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 6053U Globalworth Real Estate Inv Ltd 25 October 2017  \n\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\nUpdate on Investment in Poland\nOn 4 October 2017, the Board of Globalworth announced (\"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, to be effected by way of the Tender Offer (the \"Investment\"). \nThe Board of Globalworth is pleased to announce that on 24 October 2017 GAM received a position letter from the Polish regulator, the Office for Competition and Consumer Protection, stating that GAM's investment in GPRE is not subject to antitrust approval in Poland. Antitrust clearance represented a condition to the Investment and GAM therefore deems the above condition to be satisfied now. The Company currently expects all remaining conditions to be satisfied, the Tender Offer to be closed and completion of the Investment, on or around 6 December 2017. \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 Joi...

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