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RNS Number : 3164W Globalworth Real Estate Inv Ltd 14 April 2023
FOR IMMEDIATE RELEASE
14 April 2023
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Directorate change
Globalworth, the leading office investor in Central and Eastern Europe,
announces that Panayiotis (Panico) Theocharides has been appointed as a
Non-Executive Director with immediate effect. This appointment has been made
pursuant to the rights of Growthpoint Properties Limited ("GRT"), as set out
in the Articles of Incorporation of the Company. Mr Theocharides replaces
George Muchanya, who has resigned with immediate effect, as one of GRT's
representatives on the Board. Mr Theocharides also replaces Mr Muchanya as a
member of the Nomination Committee of the Board.
The composition of the Board remains effectively unchanged, with one executive
director and nine non-executive directors (of which seven, including the
chair, are considered to be independent in accordance with
the UK Corporate Governance Code).
Panico currently serves as Group Head of Investments at GRT and has over 20
years of executive leadership experience focused on listed real estate
investment trusts and the investment banking advisory industry in South Africa
and currently serves as a non-executive director of Capital & Regional plc
(LSE: CAL) and Growthpoint Properties Australia (ASX: GOZ).
Panico has extensive executive experience having held senior roles including
Head of Property Advisory, Corporate Finance at Investec Bank Limited in South
Africa, Joint CEO of Annuity Properties Limited (a former JSE listed REIT) and
CEO of Annuity Asset Managers and Annuity Property Managers. Prior to this,
Panico was Head of Corporate Finance at Sasfin Bank and a member of its
Executive Committee. Panico also co-founded Tenurey BSM (Pty) Ltd, an
independent property advisory business providing corporate finance and
property advisory services to JSE-listed and large private property companies.
Additional Information
In accordance with the AIM Rules, the following information required to be
disclosed in relation to the director is set out below. Other than this
information, there is no further information required to be disclosed under
paragraph (g) of Schedule Two of the AIM Rules.
Full name and age
Paniyiotis Theocharides, aged 53
Current beneficial shareholding in the Group
None
Current directorships
Growthpoint Properties Limited
Capital & Regional PLC
Glenrock Holdings (Pty) Ltd
Glenrock Properties (Pty) Ltd
Irini (Pty) Ltd
Kosmos Capital
Speg 888 Investments (Pty) Ltd
Tenurey Bsm Broking (Pty) Ltd
Tenurey Bsm Investments (Pty) Ltd
The Panico Theocharides Family Trust
1fetch (Pty) Ltd
Andico Properties (Pty) LtdDunrose Investments 207 (Pty) Ltd
Tidal Sea Properties 9 (Pty) Ltd
Tlotlisa Financial Services (Pty) Ltd
Tlotlisa Holdings Ltd
Former Directorships (previous five years)
Price City Investments (Pty) Ltd
Tenurey Bsm (Pty) Ltd
Transcend Residential Property Fund Limited
Westbrooke Host 2019 Ltd
Westbrooke Alto 2018 Ltd
Westbrooke Stac 2018 Ltd
Westbrooke Stac 2019 Ltd
Westbrooke Stac 2020 Ltd
Westbrooke Stac 2021 Ltd
For further information visit www.globalworth.com or contact:
Enquiries
Stamatis Sapkas Tel: +40 732 800 000
Chief Financial Officer
Panmure Gordon (Nominated Adviser and Broker) Tel: +44 20 7886 2500
Dominic Morley
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 Poland and Romania. Globalworth acquires,
develops and directly manages high-quality office and industrial real estate
assets in prime locations, generating rental income from high quality tenants
from around the globe. Managed by over 260 professionals across Cyprus,
Guernsey, Poland and Romania, a combined value of its portfolio is €3.2
billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in
income-producing assets, predominately in the office sector, and leased to a
diversified array of over 690 national and multinational corporates. In Poland
Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice,
while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti,
Arad, Oradea and Targu Mures.
For more information, please visit www.globalworth.com
(http://www.globalworth.com) and follow us on Facebook, Instagram and
LinkedIn.
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