Globalworth Real Estate Inv Ltd Significant Shareholdings and Director's Dealing (2952Z)

TIDMGWI

RNS Number : 2952Z

Globalworth Real Estate Inv Ltd

13 December 2017

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Significant Shareholdings and Director's Dealing

Following the Company's recent successful Placing, which raised gross proceeds of EUR340 million, the Company announces the following significant shareholdings in the Company:

 
                                         Percentage 
 Shareholder               Shares Held    Shareholding 
 Growthpoint Properties 
  International Ltd        36,871,429        28.5% 
 Ioannis Papalekas         23,594,323        18.2% 
 York Capital*             20,335,697        15.7% 
 Oak Hill Advisors**       13,026,717        10.1% 
 

* York Global Finance Offshore BDH (Luxembourg) S.á.r.l.

** Certain funds and/or accounts managed by Oak Hill Advisors

In addition, Norbert Sasse, a non-executive director of the Company, acquired 114,286 ordinary shares in the Company in the Placing. Following this share acquisition, Mr Sasse has an interest in 114,286 ordinary shares, equivalent to 0.1 per cent of the issued ordinary share capital.

The Notification of Dealing Form provided in accordance with the requirements of MAR in relation to the transaction listed above is 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)   Name                                                          Norbert Sasse 
===  ============================================================  ============================================ 
 2    Reason for the notification 
===  ========================================================================================================== 
 a)   Position/status                                               Non Executive Director 
===  ============================================================  ============================================ 
 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 
                                                                     ISIN: GG00B979FD04 
===  ============================================================  ============================================ 
 b)   Nature of the transaction                                     Purchase of ordinary shares 
===  ============================================================  ============================================ 
 c)   Price(s) and volume(s)                                         Price         Volume 
                                                                      8.75 euros    114,286 
===  ============================================================  ============================================ 
 d)   Aggregated information                                        Not applicable, single transaction 
       - Aggregated volume 
       - Price 
===  ============================================================  ============================================ 
 e)   Date of the transaction                                       12 December 2017 
===  ============================================================  ============================================ 
 f)   Place of the transaction                                      London Stock Exchange (XLON) 
===  ============================================================  ============================================ 
 

Enquiries

Andrew Cox Tel: [phone]

Head of Investor Relations & Corporate Development

Jefferies (Joint Broker) Tel: [phone]

Stuart Klein

Panmure Gordon (Nominated Adviser and Joint Broker) Tel: [phone]

Andrew Potts

Milbourne (Public Relations) Tel: [phone]

Tim Draper

About Globalworth / Note to Editors

Globalworth is a real estate investment company active in Central and Eastern Europe, and has become the leading office investor in the Romanian real estate market. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe. With approximately 70 professionals managing it, Globalworth's portfolio, as at 30 September 2017, was valued in excess of EUR1 billion, of which 90% is in income-producing assets and over 80% in the office sector. Globalworth has a strong and supportive investor base, having been listed on the AIM Market of London Stock Exchange since 2013 and in 2017 issued its debut Eurobond on the Irish and Bucharest stock exchanges.

On 6 December 2017, Globalworth completed its strategic investment in Griffin Premium R.E.. N.V. ("GPRE"), with Globalworth holding a 67.9% shareholding in GPRE. GPRE is a pure-play Polish real estate platform that primarily owns high-quality office and mixed-use assets located in Warsaw and across a number of other key cities, notably Wroclaw, Lodz, Krakow and Katowice. Its portfolio comprises six office and three mixed-use (office and retail) properties, and benefits from a further pipeline of contracted acquisitions. For more information please refer to related regulatory announcements.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 13, 2017 13:33 ET (18:33 GMT)