Globalworth Real Estate Inv Ltd Director/PDMR Shareholding (9879C)
January 26 2018 - 1:00AM
UK Regulatory
TIDMGWI
RNS Number : 9879C
Globalworth Real Estate Inv Ltd
26 January 2018
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.
Globalworth Real Estate Investments Limited
Director/PDMR Shareholding
The Company announces that on 24 January 2018 Ioannis Papalekas,
a director of the Company, through Zakiono Enterprises Limited (a
company wholly owned by Mr Papalekas), sold 1,000,000 ordinary
shares in the Company at a price of EUR9.445 per ordinary share.
These shares were sold in order to satisfy investor demand. Mr
Papalekas remains a significant and committed shareholder in the
company with a holding of 24,129,187 ordinary shares, equivalent to
18.24 per cent of the issued ordinary share capital. The decision
to sell these shares is in line with the objective of broadening
the liquidity of the Company's ordinary shares, while increasing
its free float, and specifically in response to the investor
demand.
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 Company controlled by 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
ISIN: GG00B979FD04
=== ============================================================ ============================================
b) Nature of the transaction Sale of ordinary shares
=== ============================================================ ============================================
c) Price(s) and volume(s) Price Volume
9.445 euros 1,000,000
=== ============================================================ ============================================
d) Aggregated information n/a
=== ============================================================ ============================================
e) Date of the transaction 24 January 2018
=== ============================================================ ============================================
f) Place of the transaction London Stock Exchange (XLON)
=== ============================================================ ============================================
For further information visit www.globalworth.com or
contact:
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 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 EUR1 billion, of which 90%
is in income-producing assets and over 80% in the office
sector.
Globalworth also owns approximately 72% of Griffin Premium R.E..
N.V. ("GPRE"). GPRE is a pure-play Polish real estate platform
listed on the Warsaw Stock Exchange that primarily owns
high-quality office and mixed-use assets located in Warsaw and
across a number of other major Polish cities, notably Wroclaw,
Lodz, Krakow, Gdansk and Katowice. Its portfolio comprises nine
office and three mixed-use (office and retail) properties, with a
value of nearly EUR0.7 billion. For more information on GPRE please
refer to http://www.griffin-premium.com/.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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