Portfolio

Company Announcements

Significant Shareholdings and Director's Dealing

By LSE RNS

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 €340 million, the Company announces the following significant shareholdings in the Company:

 

Shareholder 

Shares Held 

Percentage 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

- Aggregated volume

- Price

Not applicable, single transaction

 

e)

Date of the transaction

12 December 2017

f)

Place of the transaction

London Stock Exchange (XLON)

 

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

Andrew Potts

 

Milbourne (Public Relations)                                                                                         Tel: +44 7903 802545

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 €1 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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