Last checked at 15 Jun 2016 14:49
Globalworth Real Estate Investments Limited (the "Company")
Director Dealing
Guernsey, 15 June 2016: The Company announces that it has today been advised that Ioannis Papalekas, the Company's Chief Executive Officer, today acquired 20,000 ordinary shares in the Company, through his investment vehicle Zorviani Limited, at a price of €5.10 per ordinary share.
Following the above share purchase, Mr Papalekas has an interest in 23,033,768 ordinary shares, equivalent to 35.98 per cent of the issued ordinary share capital.
For further information visit www.globalworth.com or contact:
Panmure Gordon (Nominated Adviser) Tel: +44 20 7886 2500
Andrew Potts
Cantor Fitzgerald Europe (Joint Broker) Tel: +44 20 7894 7000
Rick Thompson
David Foreman
Milbourne (Public Relations) Tel: +44 20 3540 6458
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.