Source - RNS
RNS Number : 0750M
Globalworth Real Estate Inv Ltd
11 October 2016
 

Globalworth Real Estate Investments Limited

 

Director/PDMR Shareholding

 

Guernsey, 11 October 2016: Globalworth Real Estate Investments Ltd. (AIM: GWI) ("Globalworth" or the "Company") announces that it has been informed by Globalworth Investment Advisers Limited ("GIAL"), its subsidiary, that of the 300,000 Ordinary Shares allotted to it as referred to in the Globalworth announcement issued on 10 October 2016, it has decided to deliver 269,927 Ordinary Shares to GIAL's preference shareholders by way of a dividend in specie, and will retain 30,073 Ordinary Shares (in relation to which none of the executives or preference shareholders has any right or entitlement). The preference shareholders of GIAL are the Company's executive directors and certain other employees of GIAL. The delivery of the 269,927 Ordinary Shares to the preference shareholders has been approved by the Company's Board following the recommendation of the Remuneration Committee of the Company. The Ordinary Shares have been allocated in the following proportions:

 

Ioannis Papalekas

Founder and Chief Executive Officer

178,260 Ordinary Shares

Dimitris Raptis

Deputy CEO and Chief Investment Officer

43,750 Ordinary Shares

GIAL employees and GIAL

-

47,917 Ordinary Shares

 

All of the above Ordinary Shares are subject to a six month lock up period.

 

Following the above transactions, Mr Papalekas holds a beneficial interest in 23,247,028 Ordinary Shares, equivalent to 36.14 per cent of the issued Ordinary Share capital, as enlarged.

 

Mr Raptis holds a beneficial interest in 352,407 Ordinary Shares, equivalent to 0.55 per cent of the issued Ordinary Share capital, as enlarged.

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.

 

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

 

Panmure Gordon (Nominated Adviser and Joint Broker)

Andrew Potts

 

Tel: +44 20 7886 2500

 

Cantor Fitzgerald Europe (Joint Broker)      

Rick Thompson

David Foreman

                   

Tel: +44 20 7894 7000

Milbourne (Public Relations)

Tim Draper

 

Tel: +44 20 3540 6458

 

 

About Globalworth

Globalworth Real Estate Investments Limited is a real estate investment company founded by real estate investor and developer Ioannis Papalekas currently focused on taking advantage of investment opportunities in Romania. The Company's shares were admitted to trading on AIM in July 2013.

 

The Romanian market offers an attractive real estate investment proposition in the medium-to-long term. Globalworth believes that global investor capital flows will gradually move from markets considered as "safe havens" to more peripheral markets such as Romania in search of higher yielding investments. As a result, Romania should, in due course, become a more attractive destination for a wide investor audience. Globalworth anticipates holding an early mover advantage in and benefitting from this gradual shift in investor sentiment.



 

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

N/a

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 

 

 Allotment of shares

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

€6.00

178,260

d)

 

Aggregated information 

- Aggregated volume

- Price

 

178,260

€6.00

 

e)

 

Date of the transaction 

5 October 2016

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

 

Deputy 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

N/a

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 

 

Allotment of shares

d)

 

Price(s) and volume(s)

Price(s)

Volume(s)

€6.00

43,750

d)

 

Aggregated information 

- Aggregated volume

- Price

 

43,750

€6.00

 

e)

 

Date of the transaction 

5 October 2016

f)

 

Place of the transaction

Outside a trading venue - Guernsey

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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