GWI Globalworth Real Estate Investments Limited

TIDMGWI

RNS Number : 7589Z

Globalworth Real Estate Inv Ltd

26 January 2022

FOR IMMEDIATE RELEASE

26 January 2022

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Resignation of Chief Financial Officer

Globalworth announces that Andreas Papadopoulos, Chief Financial Officer, has informed the Board that he wishes to resign from his role but that he will stay on for an interim period, leaving the Company by 30 April 2022.

Dimitris Raptis, Chief Executive Officer, commented: "We are sorry to see that Andreas will be leaving Globalworth. We are very thankful for and appreciative of his invaluable contribution and unwavering commitment since the start of Globalworth's journey in 2013. We wish him the very best for the future".

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

Enquiries

 
 Martin Bartyzal                                 Tel: +44 1481 234200 
  Chairman 
 Panmure Gordon (Nominated Adviser and Broker)   Tel: +44 20 7886 
  Alina Vaskina                                   2500 
 

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 230 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is EUR3.1 billion, as at 30 June 2021. Approximately 95.1% 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, 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.

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