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15 Dec 2017 14:30
Globalworth Real Estate Investments Limited
Director/PDMR Shareholdings
Pursuant to the announcement on 21 April 2017, the Company confirms the release by Globalworth Investment Advisers Limited ("GIAL"), its subsidiary, of the second tranche of 68,806 Ordinary Shares to Directors and certain other preference shareholders of GIAL, comprising one third 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 2016.
The Ordinary Shares have been allocated in the following proportions:
Ioannis Papalekas | Founder and Chief Executive Officer | 47,222 Ordinary Shares |
Dimitris Raptis | Deputy CEO and Chief Investment Officer | 11,806 Ordinary Shares |
Other GIAL preference shareholders | - | 9,778 Ordinary Shares |
All of the above 68,806 Ordinary Shares are subject to a 12 month lock up period.
Following the above transactions, Mr Papalekas holds a beneficial interest in 23,641,545 Ordinary Shares, equivalent to 18.3 per cent of the issued Ordinary Share capital.
Mr Raptis holds a beneficial interest in 447,834 Ordinary Shares, equivalent to 0.3 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
| Allotment of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
Not applicable, single transaction | ||||
e)
| Date of the transaction | 15 December 2017 | ||||
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
| Allotment of shares | ||||
d)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information - Aggregated volume - Price |
Not applicable, single transaction | ||||
e)
| Date of the transaction | 15 December 2017 | ||||
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 a real estate investment company active in Central and Eastern Europe, and has become the leading office investor in the Romanian real estate market. 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. With approximately 70 professionals managing it, Globalworth's portfolio, as at 30 September 2017, was valued in excess of €1 billion, of which 90% is in income-producing assets and over 80% in the office sector. Globalworth has a strong and supportive investor base, having been listed on the AIM Market of London Stock Exchange since 2013 and in 2017 issued its debut Eurobond on the Irish and Bucharest stock exchanges.
On 6 December 2017, Globalworth completed its strategic investment in Griffin Premium R.E.. N.V. ("GPRE"), with Globalworth holding a 67.9% shareholding in GPRE. GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and across a number of other key cities, notably Wroclaw, Lodz, Krakow and Katowice. Its portfolio comprises six office and three mixed-use (office and retail) properties, and benefits from a further pipeline of contracted acquisitions. For more information please refer to related regulatory announcements.
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