LONDON (Alliance News) - Romania-focused property developer Globalworth Real Estate Investments Ltd on Friday said its Chief Executive Ioannis Papalekas further increased his stake in the company through his Zorviani Ltd investment vehicle.
Papalekas bought 5,000 shares at EUR5.50 per share on Friday, taking his total holding to 23.1 million shares, still about a 36% stake in the business.
The acquisition is the third Papalekas has conducted through Zorviani this week, having bought 5,000 shares on Wednesday at EUR5.10 per share and then a further 5,000 shares at EUR5.05 per share on Thursday.
Shares in Globalworth were up 7.5% at EUR5.40 on Friday afternoon.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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Globalworth (GWI)