Group Remuneration Policy, Treasury Shares, 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.

24 February 2021

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Group remuneration policy, Transfer of shares out of treasury, TVR

In accordance with the Group remuneration policy, and on the recommendation of the Remuneration Committee, the Board has approved the Annual Variable Fee proposal for Globalworth Investment Advisers Ltd ("GIAL"), a wholly-owned subsidiary of the Company, and the annual bonus proposal for senior Group employees for the year ended 31 December 2020.

In connection with the above, the Company will transfer 73,666 ordinary shares of no par value ("Ordinary Shares") currently held in treasury to GIAL at a price of €6.9910 per share. These Ordinary Shares will vest in three equal annual instalments from the date of this transfer and will be subject to further conditions as per the Group remuneration policy.

Once vested, the recipients of these shares will be GIAL's preference shareholders (including the Executive Director of the Company) and other employees. The Notification of Dealing in accordance with the requirements of MAR in relation to any transaction by a person discharging managerial responsibilities will be made when required.

Also, further to the awards made under the Group remuneration policy for the year ended 31 December 2019, announced on 26 February 2020, the first tranche (of two annual tranches) of Ordinary Shares has now vested and has been transferred from GIAL to senior Group employees in accordance with the Group remuneration policy.  Of the total of 33,217 Ordinary Shares being transferred, 11,465 have been allocated to the Executive Director, Dimitris Raptis, and following this transfer, Mr Raptis will hold 751,319 Ordinary Shares, equivalent to 0.34 per cent of the issued Ordinary Share capital. The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to that transaction is set out below.

Following the above, the Company holds 1,537,549 Ordinary Shares in treasury. The total number of Ordinary Shares in issue excluding shares held as treasury shares is 220,869,538, 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 and Transparency Rules as reflected in the Company's articles of incorporation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

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 Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 200 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.0 billion, as at 30 June 2020. Approximately 94.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of c.700 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta and Pitesti. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

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.