Last checked at 4 Apr 2018 18:21
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) |
| ||||
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) |
| ||||
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: +44 20 3026 4027
Head of Investor Relations & Corporate Development
Jefferies (Joint Broker) Tel: +44 20 7029 8000
Stuart Klein
Panmure Gordon (Nominated Adviser and Joint Broker) Tel: +44 20 7886 2500
Andrew Potts
Milbourne (Public Relations) Tel: +44 7903 802545
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/.