Director/PDMR Shareholding

RNS Number : 6603S

Globalworth Real Estate Inv Ltd

22 December 2016

 

Globalworth Real Estate Investments Limited

Director/PDMR Shareholding

Guernsey 22 December 2016: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or the "Company") announces that, further to the announcements made on 10 and 11 October 2016, it has been informed by Globalworth Investment Advisers Limited ("GIAL"), its subsidiary, that GIAL has decided to deliver the previously retained 30,073 Ordinary Shares to Ioannis Papalekas, one of GIAL's preference shareholders, by way of a dividend in specie. The delivery of the 30,073 Ordinary Shares has been approved by the Company's Board following the recommendation of the Remuneration Committee of the Company. These 30,073 Ordinary Shares are subject to a six month lock up period.

Following the above transactions, Mr Papalekas holds a beneficial interest in 23,277,101 Ordinary Shares, equivalent to 25.75 per cent of the issued Ordinary Share capital.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

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

Panmure Gordon (Nominated Adviser and Joint Broker) Andrew Potts	Tel: [phone]
Cantor Fitzgerald Europe (Joint Broker)       Rick Thompson David Foreman	Tel: [phone]
Milbourne (Public Relations) Tim Draper	Tel: [phone]

About Globalworth

Globalworth is a real estate investment company active in the SEE and CEE regions with a focus on Romania. The Company is internally managed by c. 70 professionals and its portfolio currently comprises 15 high quality real estate investments currently valued at c. Euro 962 million, all located in Romania.

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)	Names	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	N/a
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
b)	Identification code	GG00B979FD04
c)	Nature of the transaction	Transfer of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) €6.00 30,073
d)	Aggregated information  - Aggregated volume - Price	30,073 €6.00
e)	Date of the transaction	22 December 2016
f)	Place of the transaction	Outside a trading venue - Guernsey

 

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