Directorate Change

RNS Number : 7254U

Globalworth Real Estate Inv Ltd

05 December 2013

 

Globalworth Real Estate Investments Limited

Board Changes

Guernsey, 5 December 2013: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or "the Company"), the real estate investment company targeting opportunities in Romania and the broader SEE and CEE regions, is pleased to announce that Geoff Miller has been appointed as Chairman.

As a non-executive Director and Interim Chairman, Mr Miller oversaw the successful admission of Globalworth to the AIM market of the London Stock Exchange in July 2013 and, as a specialist in financial stocks and investment companies, he has extensive experience of structuring, marketing and fund-raising for companies in both developed and emerging markets.

David Kanter, a Senior Managing Director at Sunrise Securities, has resigned as a non-executive Director of Globalworth effective from 1^st December 2013.

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

Panmure Gordon (Nominated Adviser)                             Tel: [phone]

Nicola Marrin

Freddy Crossley

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

Rick Thompson

David Porter

Milbourne (Public Relations)                                               Tel: [phone]

Tim Draper

About Globalworth:

Globalworth Real Estate Investments Ltd is a real estate investment company founded by real estate investor and developer Ioannis Papalekas to take advantage of investment opportunities in Romania and the broader SEE and CEE regions. The company is Guernsey incorporated and registered as a closed-ended collective investment scheme by the Guernsey FSC, and is admitted to trading on the AIM market of the London Stock Exchange.

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 and the broader SEE and CEE regions in search of higher yielding investments. As a result, Romania and the broader SEE and CEE regions should, in due course, become more attractive destinations for a wide investor audience. Globalworth anticipates holding an early mover advantage in these markets and benefitting from this gradual shift in investor sentiment.

 

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