REG - Globalworth Real Est - Director/PDMR Shareholdings

Globalworth Real Estate InvestmentsAnnouncement

07/07/2020 18:30

RNS Number : 3155S
  
Globalworth Real Estate Inv Ltd
  
07 July 2020
  
 

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.
 
7 July 2020
 
Globalworth Real Estate Investments Limited (the "Company" or "Globalworth")
 
Director/PDMR 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 or PDMRs of the Company, comprising part of the second 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 Officer


25,641 Ordinary Shares




Dimitris Raptis


Co-CEO and Chief Investment Officer


7,784 Ordinary Shares



 
Following the above transactions, Mr Papalekas holds a beneficial interest in 25,641 Ordinary Shares, equivalent to 0.01 per cent. of the Company's issued Ordinary Share capital.
 
Mr Raptis holds a beneficial interest in 739,854 Ordinary Shares, equivalent to 0.33 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
 



 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


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




b)


Identification code 
 


GG00B979FD04




c)
 


Nature of the transaction 
 


 Transfer of shares




d)
 


Price(s) and volume(s)





Price(s)


Volume(s)




€9.10


25,641








d)
 


Aggregated information 
- Aggregated volume
- Price


 
Not applicable, single transaction




e)
 


Date of the transaction 


8 July 2020




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
 


Co-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


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




b)


Identification code 
 


GG00B979FD04




c)
 


Nature of the transaction 
 


Transfer of shares




d)
 


Price(s) and volume(s)





Price(s)


Volume(s)




€9.10


7,784








d)
 


Aggregated information 
- Aggregated volume
- Price


 
Not applicable, single transaction




e)
 


Date of the transaction 


8 July 2020




f)
 


Place of the transaction


Outside a trading venue - Guernsey



 
For further information visit www.globalworth.com or contact:  
Enquiries  



Stamatis Sapkas
Deputy Chief Investment Officer
 


Tel: + +40 732 800 000




Jefferies (Joint Broker)
Stuart Klein
 


Tel: +44 20 7029 8000




Panmure Gordon (Nominated Adviser and Joint Broker)
Alina Vaskina
 


Tel: +44 20 7886 2500



 
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. 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 c.240 professionals across Cyprus, Guernsey, Romania and Poland, the combined value of its portfolio is €3.04 billion, as at 31 December 2019. Approximately 93.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 715 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span in Bucharest, Timisoara, Constanta and Pitesti. For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.
 
IMPORTANT NOTICE: This announcement has been prepared for the purposes of complying with the applicable laws and regulations of the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "targets", "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward looking statements include all matters that are not historical facts and involve predictions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies and the industry in which it operates. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. Save as required by law or regulation, the Company disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements in this announcement that may occur due to any change in its expectations or to reflect events or circumstances after the date of this announcement.
 


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