Transfer of shares and Director/PDMR Shareholdings

RNS Number : 4143V

Globalworth Real Estate Inv Ltd

03 December 2019

 

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.

3 December 2019

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Transfer of shares from GIAL and Director/PDMR Shareholdings

Pursuant to the announcement on 4 April 2018, the Company confirms the release by Globalworth Investment Advisers Limited ("GIAL"), its wholly owned subsidiary, of 40,476 Ordinary Shares in Globalworth to GIAL's preference shareholders who are also Directors of the Company, comprising part of the third 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	30,476 Ordinary Shares
Dimitris Raptis	Deputy CEO and Chief Investment Officer	10,000 Ordinary Shares

All of these 40,476 Ordinary Shares are subject to a 12 month lock-up period.

Following the above transactions, Mr. Papalekas holds a beneficial interest in 29,183,589 Ordinary Shares, equivalent to 13.15 per cent of the issued Ordinary Share capital and Mr. Raptis holds a beneficial interest in 1,291,710 Ordinary Shares, equivalent to 0.58 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 30,476
d)	Aggregated information  - Aggregated volume - Price	Not applicable, single transaction
e)	Date of the transaction	2 December 2019
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	2 December 2019
f)	Place of the transaction	Outside a trading venue - Guernsey

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

Enquiries 

Stamatis Sapkas                                                                                                            Tel: [phone]

Deputy Chief Investment Officer

Jefferies (Joint Broker)                                                                                                 Tel: [phone]

Stuart Klein

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

Alina Vaskina/Justin Gulston

Milbourne (Public Relations)                                                                                       Tel: [phone]

Tim Draper

About Globalworth / Note to Editors:

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 200 professionals across Romania and Poland, the combined value of its portfolio is €2.85 billion, as at 30 June 2019 pro forma for subsequent acquisitions. Over 95% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of some 685 national and multinational corporates. In Romania, Globalworth is present in Bucharest, Timisoara, Constanta and Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

IMPORTANT NOTICE: This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.

 

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