Global Net Lease, Inc. (NYSE:GNL) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03.
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Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
Charter Amendment
As previously announced, on February 28, 2017, Global Net Lease,
Inc. (the Company) completed a reverse stock split, at a ratio of
1-for-3, which, among other things, reduced its outstanding
common stock (the Common Shares) from 198,800,000 to 66,300,000.
On May 24, 2017, following approval by the board of directors of
the Company (the Board), the Company filed an amendment with the
Maryland State Department of Assessments and Taxation (the
Articles of Amendment) to the Companys charter (the Charter), to
decrease the total number of shares that the Company has
authority to issue from 350,000,000 to 116,670,000 shares, of
which (i) 100,000,000 is designated as Common Shares, $0.01 par
value per share; and (ii) 16,670,000 is designated as preferred
stock, $0.01 par value per share. On May 24, 2017, the Articles
of Amendment became effective. The Articles of Amendment are
attached as Exhibit 3.1 and incorporated by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
| 3.1 | Articles of Amendment of the Company, effective May 24, 2017. |
About Global Net Lease, Inc. (NYSE:GNL)
Global Net Lease, Inc. is a real estate investment trust that focuses on acquiring and managing a portfolio of strategically located commercial real estate properties. The Company’s business consists of owning, managing, operating, leasing, acquiring, investing in and disposing of real estate assets. The Company focuses its investments on commercial and retail properties, including special use single tenant properties. The Company owns approximately 330 net-leased commercial properties consisting of over 18.7 million rentable square feet. The Company has approximately 270 properties located in the United States and Puerto Rico, over 40 properties located in the United Kingdom and approximately 20 properties located across continental Europe. Its portfolio of real estate properties includes McDonald’s, Wickes Building Supplies I, Thames Water, Northern Rock, Con-way Freight, Western Digital, GE Aviation, DFS Trading, Talk Talk, GSA IV, Nissan, Select Energy Services I and Lhoist. Global Net Lease, Inc. (NYSE:GNL) Recent Trading Information
Global Net Lease, Inc. (NYSE:GNL) closed its last trading session up +0.23 at 22.77 with 250,614 shares trading hands.