Director/PDMR Shareholding

RNS Number : 8451Z

Globalworth Real Estate Inv Ltd

19 December 2017

 

Globalworth Real Estate Investments Limited

Director/PDMR Shareholding

The Company announces that it has been advised that on 15 December 2017 Ioannis Papalekas, a director of the Company, through Zakiono Enterprises Limited (a company wholly owned by Mr Papalekas), acquired 300,000 ordinary shares in the Company at a price of €9.00 per ordinary share and 272,632 ordinary shares in the Company at a price of €8.85 per ordinary share.

Following the above share purchase, Mr Papalekas has an interest in 24,214,177 ordinary shares, equivalent to 18.7 per cent of the issued ordinary share capital.

The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to the transaction listed above is set out below:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Company controlled by Ioannis Papalekas
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Globalworth Real Estate Investments Limited
b)	LEI	213800R3E823B1UBIA81
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of no par value ISIN: GG00B979FD04
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price Volume 9.00 euros 300,000 8.85 euros 272,632
d)	Aggregated information - Aggregated volume - Price	572,632 8.929 euros
e)	Date of the transaction	15 December 2017
f)	Place of the transaction	London Stock Exchange (XLON)

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

Enquiries

Andrew Cox                                                                                                                 Tel: [phone]

Head of Investor Relations & Corporate Development  

Jefferies (Joint Broker)                                                                                            Tel: [phone]

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker)                         Tel: [phone]

Andrew Potts

Milbourne (Public Relations)                                                                                Tel: [phone]

Tim Draper

About Globalworth / Note to Editors

Globalworth is a real estate investment company active in Central and Eastern Europe, and has become the leading office investor in the Romanian real estate market. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe. With approximately 70 professionals managing it, Globalworth's portfolio, as at 30 September 2017, was valued in excess of €1 billion, of which 90% is in income-producing assets and over 80% in the office sector. Globalworth has a strong and supportive investor base, having been listed on the AIM Market of London Stock Exchange since 2013 and in 2017 issued its debut Eurobond on the Irish and Bucharest stock exchanges. 

On 6 December 2017, Globalworth completed its strategic investment in Griffin Premium R.E.. N.V. ("GPRE"), with Globalworth holding a 67.9% shareholding in GPRE. GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and across a number of other key cities, notably Wroclaw, Lodz, Krakow and Katowice. Its portfolio comprises six office and three mixed-use (office and retail) properties, and benefits from a further pipeline of contracted acquisitions. For more information please refer to related regulatory announcements.

 

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