Director/PDMR Shareholding

RNS Number : 6003B

Globalworth Real Estate Inv Ltd

20 June 2016

 

Globalworth Real Estate Investments Limited (the "Company")

Director Dealing

Guernsey, 20 June 2016: The Company announces that it has on 17 June 2016 been advised that Ioannis Papalekas, the Company's Chief Executive Officer, on 17 June 2016 acquired 10,000 ordinary shares in the Company, through his investment vehicle Zorviani Limited, at a price of €5.15 per ordinary share.

Following the above share purchase, Mr Papalekas has an interest in 23,043,768 ordinary shares, equivalent to 35.99 per cent of the issued ordinary share capital.

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

Panmure Gordon (Nominated Adviser)                           Tel: [phone]

Andrew Potts

Cantor Fitzgerald Europe (Joint Broker)                          Tel: [phone]

Rick Thompson

David Foreman

Milbourne (Public Relations)                                              Tel: [phone]

Tim Draper

About Globalworth

Globalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas currently focused on taking advantage of investment opportunities in Romania. The Company's shares were admitted to trading on AIM in July 2013.

The Romanian market offers an attractive real estate investment proposition in the medium-to-long term. Globalworth believes that global investor capital flows will gradually move from markets considered as "safe havens" to more peripheral markets such as Romania in search of higher yielding investments.  As a result, Romania should, in due course, become a more attractive destination for a wide investor audience.  Globalworth anticipates holding an early mover advantage in and benefiting from this gradual shift in investor sentiment.

 

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