Share Issue

RNS Number : 0498D

Globalworth Real Estate Inv Ltd

25 March 2014

 



Globalworth Real Estate Investments Limited

Share Issue

Globalworth announces that pursuant to the acquisition agreement for Globalworth Asset Managers SRL (the Asset Manager), which completed on 30 September 2013, the purchase price has now been adjusted following final determination of the completion balance sheet. As such, there is an additional share payment due to the vendor. Accordingly the Company has today issued 989,555 ordinary shares of no par value and application has been made for these shares to be admitted to trading on AIM with effect from 28 March 2014. Following this share issue, the total issued share capital of the Company comprises 28,300,207 Ordinary Shares.

For further information visit www.globalworth.com or contact:  

EastWest Partners (Financial Adviser)

David Hill                                                                                       Tel: [phone]

Scott Evans                                                                                    Tel: [phone]

Panmure Gordon (Nominated Adviser)                            Tel: [phone]

Nicola Marrin

Freddy Crossley

Cantor Fitzgerald Europe (Joint Broker)                            Tel: [phone]

Rick Thompson

David Foreman

Milbourne (Public Relations)                                               Tel: [phone]

Tim Draper

About Globalworth:

Globalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas to take advantage of investment opportunities in Romania and the broader SEE and CEE regions. The Company is Guernsey incorporated and has been declared by the Guernsey Financial Services Commission to be a registered closed-ended collective investment scheme. The Company's shares were admitted to trading on AIM in July 2013.

The 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 and the broader SEE and CEE regions in search of higher yielding investments. As a result, Romania and the broader SEE and CEE regions should, in due course, become more attractive destinations for a wide investor audience. Globalworth anticipates holding an early mover advantage in these markets and benefitting from this gradual shift in investor sentiment.

 

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