Significant Shareholding

RNS Number : 8881B

Globalworth Real Estate Inv Ltd

12 October 2015

 

Globalworth Real Estate Investments Limited (the "Company")

Significant Shareholding

Guernsey, 12 October 2015: The Company has been notified that as at 11 October 2015 Altshuler Shaham Group is interested in a total of 2,645,603 ordinary shares of no par value each ("Ordinary Shares") in the Company, which represents 4.2% of the total Ordinary Shares currently in issue, and that such shares are held as follows:

	Number of shares
Altshuler - Shaham Mutual Funds Management Ltd	415,500
Altshuler Shaham Provident Funds and Pension Ltd	2,230,103
Total	2,645,603

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

Panmure Gordon (Nominated Adviser)                           Tel: [phone]

Nicola Marrin

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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