Last checked at 13 Dec 2017 18:33
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Significant Shareholdings and Director's Dealing
Following the Company's recent successful Placing, which raised gross proceeds of €340 million, the Company announces the following significant shareholdings in the Company:
Shareholder | Shares Held | Percentage Shareholding |
Growthpoint Properties International Ltd | 36,871,429 | 28.5% |
Ioannis Papalekas | 23,594,323 | 18.2% |
York Capital* | 20,335,697 | 15.7% |
Oak Hill Advisors** | 13,026,717 | 10.1% |
* York Global Finance Offshore BDH (Luxembourg) S.á.r.l.
** Certain funds and/or accounts managed by Oak Hill Advisors
In addition, Norbert Sasse, a non-executive director of the Company, acquired 114,286 ordinary shares in the Company in the Placing. Following this share acquisition, Mr Sasse has an interest in 114,286 ordinary shares, equivalent to 0.1 per cent of the issued ordinary share capital.
The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to the transaction listed above is 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) | Name | Norbert Sasse | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non Executive Director | ||||
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 ISIN: GG00B979FD04 | ||||
b) | Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Not applicable, single transaction
| ||||
e) | Date of the transaction | 12 December 2017 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
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.