Transfer of Treasury Shares and TVR

The 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.

15 June 2020

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Transfer of Treasury Shares and Total Voting Rights

Transfer of Treasury Shares pursuant to Group remuneration policy

Further to announcements made on 26 February and 23 April 2020, the Company confirms that it has now transferred 27,770 Ordinary Shares currently held in treasury to Globalworth Investment Advisers Ltd ("GIAL"), a wholly-owned subsidiary of the Company. These 27,770 shares make up the balance of the share-based element of the annual variable fees for GIAL and bonuses for senior Group employees for the year ended 31 December 2019, following the decision to adjust the Group annual remuneration policy for 2019, as set out in the announcement of 23 April 2020.

As announced on 26 February 2020, once vested, the recipients of the above shares will include GIAL's preference shareholders (including the Executive Director of the Company) and other executives. The Notifications of Dealing in accordance with the requirements of MAR in relation to transactions by persons discharging managerial responsibilities will be made when required.

Transfer of Treasury Shares to satisfy employee share awards

In addition, 1,442 ordinary shares of no par value currently held in treasury have been utilised to satisfy awards made under the share award plan in place for employees of the Company's subsidiaries, such shares having vested in accordance with the terms of the plan.

Total Voting Rights

Following the above transfers, the Company now holds 426,926 ordinary shares in treasury.

The total number of ordinary shares in issue excluding shares held as treasury shares is 221,980,161, and this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.

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

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About Globalworth / Note to Editors:

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by c.240 professionals across Cyprus, Guernsey, Romania and Poland, the combined value of its portfolio is €3.04 billion, as at 31 December 2019. Approximately 93.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 715 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span in Bucharest, Timisoara, Constanta and Pitesti. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

IMPORTANT NOTICE: This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.