Globalworth Real Estate Inv Ltd Director/PDMR Shareholding (8503E)
July 08 2019 - 11:52AM
UK Regulatory
TIDMGWI
RNS Number : 8503E
Globalworth Real Estate Inv Ltd
08 July 2019
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.
8 July 2019
Globalworth Real Estate Investments Limited (the "Company" or
"Globalworth")
Director Shareholdings
The Company confirms the distribution by Globalworth Investment
Advisers Limited ("GIAL"), its wholly owned subsidiary, of 33,425
Ordinary Shares to GIAL's preference shareholders who are also
Directors of the Company (the "Executive Directors"), comprising
part of the first of three tranches 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 2018
under the previous incentive fee arrangements (the "Plan") . These
Ordinary Shares are subject to a 12 month lock-up period.
The Ordinary Shares have been allocated in the following
proportions:
Ioannis Papalekas Founder and Chief Executive 25,641 Ordinary
Officer Shares
Dimitris Raptis Deputy CEO and Chief Investment 7,784 Ordinary
Officer Shares
Further to the announcement on 13 June 2019, the Company also
confirms the distribution by GIAL of a total of 2,604,396 Ordinary
Shares to the Executive Directors, comprising their portion of the
shares element of the settlement of the Plan. These shares are
subject to the lock up arrangements set out in the announcement of
13 June 2019.
Following the above transactions, Mr Papalekas holds a
beneficial interest in 26,153,113 Ordinary Shares, equivalent to
13.5 per cent. of the Company's issued Ordinary Share capital.
Mr Raptis holds a beneficial interest in 1,281,710 Ordinary
Shares, equivalent to 0.7 per cent. of the Company's 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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Ioannis Papalekas
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------- --------------------------------------------
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 Transfer of shares
-------------------------- --------------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 1,915,751
----------
-------------------------- --------------------------------------------
d) Aggregated information
- Aggregated volume Not applicable, single transaction
- Price
-------------------------- --------------------------------------------
e) Date of the transaction 8 July 2019
-------------------------- --------------------------------------------
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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Names Dimitris Raptis
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Deputy CEO and Chief Investment Officer
-------------------------- ----------------------------------------
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 Transfer of shares
-------------------------- ----------------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
Nil 722,070
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume Not applicable, single transaction
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 8 July 2019
-------------------------- ----------------------------------------
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
Alina Vaskina/Justin Gulston
Milbourne (Public Relations) Tel: +44 7903 802545
Tim Draper
About Globalworth / Note to Editors:
Globalworth is a listed real estate company active in Central
and Eastern Europe, quoted on the AIM-segment of the London Stock
Exchange. It has become the pre-eminent office investor in the CEE
real estate market through its market-leading positions both in
Romania and in Poland, where the Company currently has a 99.6%
shareholding in Globalworth Poland, a pure-play Polish real estate
platform listed on the Warsaw Stock Exchange. Globalworth acquires,
develops and directly manages high-quality office and
logistics/light-industrial real estate assets in prime locations,
generating rental income from high quality tenants from around the
globe. Managed by nearly 200 professionals across Romania and
Poland, the combined value of its portfolio is over EUR2.5 billion,
as at 31 December 2018 and proforma for subsequent acquisitions.
Over 90% of the portfolio is in income-producing assets,
predominately in the office sector, and leased to a diversified
array of some 650 national and multinational corporates. In
Romania, Globalworth is present in Bucharest, Timisoara and
Pitesti, while in Poland its assets span Warsaw, Wroclaw, Lodz,
Krakow, Gdansk and Katowice. For more information, please visit
www.globalworth.com and follow us on Facebook, Instagram and
LinkedIn.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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