Globalworth Real Estate Inv Ltd Director/PDMR Shareholding (7412E)
July 09 2021 - 1:34AM
UK Regulatory
TIDMGWI
RNS Number : 7412E
Globalworth Real Estate Inv Ltd
09 July 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
9 July 2021
Globalworth Real Estate Investments Limited ("Globalworth" or
the "Company")
Warrants Exercise, Directors' Dealings, Share Award Plans and
TVR
The Company announces that the following warrants to subscribe
for Ordinary Shares in the Company have been exercised in
accordance with their terms and at a price of EUR 5.00 per share
:
-- Geoff Miller, chairman of the Company, over 11,000 warrants
-- John Whittle, non-executive Director of the Company, over 9,000 warrants.
The Company has therefore now issued and allotted 20,000 new
Ordinary Shares and application has been made for 20,000 new
Ordinary Shares to be admitted to trading on AIM, which is expected
to take place on 15 July 2021. The new Ordinary Shares rank pari
passu in all respects with the existing shares in issue.
In addition, a further 25,695 ordinary shares of no par value
which were held in treasury have been utilised to satisfy awards
made under the Company's share award plans, such shares having
vested in accordance with the terms of the plans following the
change of control. The Company now holds 838,118 ordinary shares in
treasury.
Following the above transactions, t he total number of ordinary
shares in issue excluding shares held as treasury shares is
221,588,969, and this is the total number of the voting rights in
the Company which may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest, or a change in the interest, in
the share capital of the Company under Chapter 5 of the FCA's
Disclosure Guidance and Transparency Rules as reflected in the
Company's articles of incorporation.
Following the exercise of the warrants, Mr. Miller holds a
beneficial interest in 23,500 Ordinary Shares, equivalent to 0.011
per cent of the issued Ordinary Share capital and Mr Whittle holds
a beneficial interest in 20,900 Ordinary Shares, equivalent to
0.009 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:
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Geoff Miller
-------------------------- -------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Non-Executive Chairman
-------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- -------------------------------------
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 Ordinary Shares of no par value
financial instrument,
type of instrument
-------------------------- -------------------------------------
b) Identification code GG00B979FD04
-------------------------- -------------------------------------
c) Nature of the transaction Exercise of warrants
-------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
EUR5.00 11,000
----------
-------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Not applicable, single transaction
- Price
-------------------------- -------------------------------------
e) Date of the transaction 7 July 2021
-------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue - Guernsey
-------------------------- -------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John Whittle
-------------------------- -------------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- -------------------------------------
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 Ordinary Shares of no par value
financial instrument,
type of instrument
-------------------------- -------------------------------------
b) Identification code GG00B979FD04
-------------------------- -------------------------------------
c) Nature of the transaction Exercise of warrants
-------------------------- -------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
EUR5.00 9,000
----------
-------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Not applicable, single transaction
- Price
-------------------------- -------------------------------------
e) Date of the transaction 7 July 2021
-------------------------- -------------------------------------
f) Place of the transaction Outside a trading venue - Guernsey
-------------------------- -------------------------------------
Enquiries:
Globalworth Via advisers
Geoff Miller, Chair of the Board
-----------------
Panmure Gordon (Nominated Adviser and Joint Tel: +44 20 7886
Broker) 2500
-----------------
Dominic Morley / Alina Vaskina
-----------------
Important notices
This announcement is not intended to and does not constitute an
offer to buy or the solicitation of an offer to subscribe for or
sell or an invitation to purchase or subscribe for any securities
or the solicitation of any vote in any jurisdiction. The release,
publication or distribution of this announcement in whole or in
part in, into or from certain jurisdictions may be restricted by
law and therefore persons in such jurisdictions should inform
themselves about and observe such restrictions.
The person responsible for arranging for the release of this
announcement on behalf of the Company is Nicola Marrin, Company
Secretary.
Disclaimers
Panmure Gordon (UK) Limited ("Panmure Gordon") which is
authorised and regulated in the United Kingdom by the Financial
Conduct Authority, is acting exclusively for Globalworth and no one
else in connection with the matters set out in this announcement
and will not regard any other person as its client in relation to
the matters in this document and will not be responsible to anyone
other than Globalworth for providing the protections afforded to
clients of Panmure Gordon or its affiliates, nor for providing
advice in relation to any matter referred to herein.
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