Last checked at 27 Apr 2017 17:34
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
Globalworth Real Estate Investments Limited
Director/PDMR Shareholding
Guernsey 27 April 2017: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or the "Company") announces that it has been informed by Globalworth Investment Advisers Limited ("GIAL"), its subsidiary, that of the 206,418 Ordinary Shares allotted to it as set out in the Globalworth announcement issued on 21 April 2017, GIAL will deliver 68,806 Ordinary Shares to GIAL's preference shareholders by way of a dividend in specie, and retain 137,612 Ordinary Shares (in relation to which none of the preference shareholders has any right or entitlement). The preference shareholders of GIAL are the Company's executive directors and certain other employees of GIAL. The delivery of the 68,806 Ordinary Shares to the preference shareholders has been approved by Globalworth's Board following the recommendation of the Remuneration Committee of the Company. 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 |
GIAL employees | - | 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 23,424,323 Ordinary Shares, equivalent to 25.85 per cent of the issued Ordinary Share capital.
Mr Raptis holds a beneficial interest in 386,028 Ordinary Shares, equivalent to 0.43 per cent of the issued Ordinary Share capital.
For further information visit www.globalworth.com or contact:
Panmure Gordon (Nominated Adviser and Joint Broker) Andrew Potts
| Tel: +44 20 7886 2500
|
Cantor Fitzgerald Europe (Joint Broker) Rick Thompson David Foreman
| Tel: +44 20 7894 7000 |
Milbourne (Public Relations) Tim Draper
| Tel: +44 20 3540 6458
|
About Globalworth
Globalworth is a real estate investment company active in the CEE and SEE regions with a focus on Romania. The Company is internally managed by c.70 professionals and its portfolio at year end 2016 comprised of 15 high quality real estate investments valued at c.€978m, all located in Romania.
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 | n/a | ||||
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 | 27 April 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 | n/a | ||||
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 | 27 April 2017 | ||||
f)
| Place of the transaction | Outside a trading venue - Guernsey | ||||