GLOBALWORTH REAL ESTATE INVESTMENTS LIMITED

Remuneration Information • Jul 8, 2019

National Storage Mechanism | Additional information

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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 Officer	25,641 Ordinary Shares
Dimitris Raptis	Deputy CEO and Chief Investment Officer	7,784 Ordinary 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

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)
Nil	1,915,751

d)

Aggregated information 

- Aggregated volume

- Price

Not applicable, single transaction

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

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

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)
Nil	722,070

d)

Aggregated information 

- Aggregated volume

- Price

Not applicable, single transaction

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 €2.5 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.

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