Issue of Scrip Dividend Shares & Admission to AIM
Scrip dividend shares issued; 98.2% of shareholders elected scrip alternative over cash dividend.
- Scrip Dividend Shares issued 11,834,419
- Cash dividend paid €465,096
- Shareholders electing scrip alternative approximately 98.2%
- Total ordinary shares after issuance (excluding treasury) 290,508,898
- Portfolio value €2.6 billion
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Further to the Company's announcement on 11 March 2025, the Company is pleased to announce that shareholders have elected to receive the Scrip Dividend Alternative in respect of a total of 273,506,747 ordinary shares, representing approximately 98.2% of the total issued share capital of the Company (excluding shares held as treasury shares) as at 7 April 2025 (being the latest practicable date prior to the date of this announcement).
As a result, in connection with the Interim Dividend announced on 11 March 2025, the Company will pay a total of €465,096 in cash and issue a total of 11,834,419 Scrip Dividend Shares.
Application will be made for the Scrip Dividend Shares to be admitted to trading on AIM. Admission of the Scrip Dividend Shares is expected to become effective on 25 April 2025.
Immediately following the issuance of the Scrip Dividend Shares, the total number of ordinary shares in the Company in issue excluding shares held as treasury shares will be 290,508,898 and this is the total number of 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.
All capitalised terms used in this announcement shall, unless otherwise defined, have the meanings given to them in the scrip dividend circular published by the Company on 11 March 2025 and available on the Company's website at https://www.globalworth.com/investor-relations/corporate-documents/.
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 properties in prime locations, generating rental income from reputed tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €2.6 billion, as at 31 December 2024. Approximately 98.5% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 650 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Constanta and Craiova.
Excluded Territories
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.