Director/PDMR Shareholding

Released : 27 April 2017 17:34

RNS Number : 6170D
Globalworth Real Estate Inv Ltd
27 April 2017
 

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

 

Globalworth Real Estate Investments Limited

 

Director/PDMR Shareholding

 

Guernsey 27 April 2017: 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 206,418 Ordinary Shares allotted to it as set out in the Globalworth announcement issued on 21 April 2017, GIAL will deliver 68,806 Ordinary Shares to GIAL's preference shareholders by way of a dividend in specie, and retain 137,612 Ordinary Shares (in relation to which none of the 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 68,806 Ordinary Shares to the preference shareholders has been approved by Globalworth'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

47,222 Ordinary Shares

Dimitris Raptis

Deputy CEO and Chief Investment Officer

11,806 Ordinary Shares

GIAL employees

-

9,778 Ordinary Shares

 

All of the above 68,806 Ordinary Shares are subject to a 12 month lock up period.

 

Following the above transactions, Mr Papalekas holds a beneficial interest in 23,424,323 Ordinary Shares, equivalent to 25.85 per cent of the issued Ordinary Share capital.

 

Mr Raptis holds a beneficial interest in 386,028 Ordinary Shares, equivalent to 0.43 per cent of the issued Ordinary Share capital.

 

 

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 is a real estate investment company active in the CEE and SEE regions with a focus on Romania. The Company is internally managed by c.70 professionals and its portfolio at year end 2016 comprised of 15 high quality real estate investments valued at c.€978m, all located in Romania.



 

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)

€8.00

47,222

d)

 

Aggregated information 

- Aggregated volume

- Price

 

Not applicable, single transaction

e)

 

Date of the transaction 

27 April 2017

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)

€8.00

11,806

d)

 

Aggregated information 

- Aggregated volume

- Price

 

Not applicable, single transaction

e)

 

Date of the transaction 

27 April 2017

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
 
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