Transfer of shares and Director/PDMR Shareholdings

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \nRNS Number : 4143V Globalworth Real Estate Inv Ltd 03 December 2019  \n\nThe 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.\n \n3 December 2019\nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\n \nTransfer of shares from GIAL and Director/PDMR Shareholdings\n \nPursuant to the announcement on 4 April 2018, the Company confirms the release by Globalworth Investment Advisers Limited (\"GIAL\"), its wholly owned subsidiary, of 40,476 Ordinary Shares in Globalworth to GIAL's preference shareholders who are also Directors of the Company, comprising part of the third 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 2017.\n \nThe Ordinary Shares have been allocated in the following proportions:\n \n\n\n\n\nIoannis Papalekas\n\n\nFounder and Chief Executive Officer\n\n\n30,476 Ordinary Shares\n\n\n\n\nDimitris Raptis\n\n\nDeputy CEO and Chief Investment Officer\n\n\n10,000 Ordinary Shares\n\n\n\n\n \nAll of these 40,476 Ordinary Shares are subject to a 12 month lock-up period.\n \nFollowing the above transactions, Mr. Papalekas holds a beneficial interest in 29,183,589 Ordinary Shares, equivalent to 13.15 per cent of the issued Ordinary Share capital and Mr. Raptis holds a beneficial interest in 1,291,710 Ordinary Shares, equivalent to 0.58 per cent of the issued Ordinary Share capital.\n \nThe Notification of Dealing Forms provided in accordance with the requirements of MAR in relation to the transactions listed above are set out below:\n \nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them\n \n\n\n\n\n 1\n \n\n\nDetails of the person discharging managerial responsibilities / person closely associated \n\n\n\n\na)\n \n\n\nNames \n\n\nIoannis Papalekas\n\n\n\n\n2\n \n\n\nReason for the notification\n\n\n\n\na)\n \n\n\nPosition/status\n \n\n\nChief Executive Officer\n\n\n\n\nb)\...

More updates from Globalworth Real Estate Investments Limited