Director Shareholdings

RNS Number : 8728J

Globalworth Real Estate Inv Ltd

04 April 2018

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.

4 April 2018

Globalworth Real Estate Investments Limited (the "Company" or "Globalworth")

Director Shareholdings

The Company confirms the distribution by Globalworth Investment Advisers Limited ("GIAL"), its wholly owned subsidiary, of 40,477 Ordinary Shares to GIAL's preference shareholders who are also Directors of the Company, comprising part of the first of three tranches of the Ordinary Shares that were allotted to GIAL in part settlement of the Variable Annual Fee due to GIAL by the Company for the year ended 31 December 2017.

The Ordinary Shares have been allocated in the following proportions:

Ioannis Papalekas	Founder and Chief Executive Officer	30,477 Ordinary Shares
Dimitris Raptis	Deputy CEO and Chief Investment Officer	10,000 Ordinary Shares

All of these Ordinary Shares are subject to a 12 month lock-up period.

Following the above transactions, Mr Papalekas holds a beneficial interest in 24,159,664 Ordinary Shares, equivalent to 18.2 per cent of the issued Ordinary Share capital.

Mr Raptis holds a beneficial interest in 537,834 Ordinary Shares, equivalent to 0.4 per cent of the issued Ordinary Share capital.

The Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are 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)	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	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
b)	Identification code	GG00B979FD04
c)	Nature of the transaction	Transfer of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) €8.75 30,477
d)	Aggregated information  - Aggregated volume - Price	Not applicable, single transaction
e)	Date of the transaction	4 April 2018
f)	Place of the transaction	Outside a trading venue - Guernsey

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	Dimitris Raptis
2	Reason for the notification
a)	Position/status	Deputy CEO and Chief Investment 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
b)	Identification code	GG00B979FD04
c)	Nature of the transaction	Transfer of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) €8.75 10,000
d)	Aggregated information  - Aggregated volume - Price	Not applicable, single transaction
e)	Date of the transaction	4 April 2018
f)	Place of the transaction	Outside a trading venue - Guernsey

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 an AIM-listed real estate company active in Central and Eastern Europe.  It has become the leading office investor in the Romanian real estate market and now has established a significant platform in Poland, through a 72% shareholding in Globalworth Poland, the new brand for Griffin Premium RE.. N.V. (GPRE), a pure-play Polish real estate platform listed on the Warsaw Stock Exchange. 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. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is €1.9 billion, of which over 90% is in income-producing assets, predominately in the office sector, and leased to some 440 national and multinational corporates from 28 countries and 37 different sectors. In Romania, Globalworth is present in Bucharest, Timisoara and Pitesti, whilst assets in Poland span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please refer to http://www.globalworth.com/.

 

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