TIDMGWI
RNS Number : 3164W
Globalworth Real Estate Inv Ltd
14 April 2023
FOR IMMEDIATE RELEASE
14 April 2023
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Directorate change
Globalworth, the leading office investor in Central and Eastern
Europe, a nnounces that Panayiotis ( Panico) Theocharides has been
appointed as a Non-Executive Director with immediate effect. This
appointment has been made pursuant to the rights of Growthpoint
Properties Limited ("GRT"), as set out in the Articles of
Incorporation of the Company . Mr Theocharides replaces George
Muchanya, who has resigned with immediate effect, as one of GRT's
representatives on the Board. Mr Theocharides also replaces Mr
Muchanya as a member of the Nomination Committee of the Board.
The composition of the Board remains effectively unchanged, with
one executive director and nine non-executive directors (of which
seven, including the chair, are considered to be independent in
accordance with the UK Corporate Governance Code).
Panico currently serves as Group Head of Investments at GRT and
has over 20 years of executive leadership experience focused on
listed real estate investment trusts and the investment banking
advisory industry in South Africa and currently serves as a
non-executive director of Capital & Regional plc (LSE: CAL) and
Growthpoint Properties Australia (ASX: GOZ).
Panico has extensive executive experience having held senior
roles including Head of Property Advisory, Corporate Finance at
Investec Bank Limited in South Africa, Joint CEO of Annuity
Properties Limited (a former JSE listed REIT) and CEO of Annuity
Asset Managers and Annuity Property Managers. Prior to this, Panico
was Head of Corporate Finance at Sasfin Bank and a member of its
Executive Committee. Panico also co-founded Tenurey BSM (Pty) Ltd,
an independent property advisory business providing corporate
finance and property advisory services to JSE-listed and large
private property companies.
Additional Information
In accordance with the AIM Rules, the following information
required to be disclosed in relation to the director is set out
below. Other than this information, there is no further information
required to be disclosed under paragraph (g) of Schedule Two of the
AIM Rules.
Full name and age
Paniyiotis Theocharides, aged 53
Current beneficial shareholding in the Group
None
Current directorships
Growthpoint Properties Limited
Capital & Regional PLC
Glenrock Holdings (Pty) Ltd
Glenrock Properties (Pty) Ltd
Irini (Pty) Ltd
Kosmos Capital
Speg 888 Investments (Pty) Ltd
Tenurey Bsm Broking (Pty) Ltd
Tenurey Bsm Investments (Pty) Ltd
The Panico Theocharides Family Trust
1fetch (Pty) Ltd
Andico Properties (Pty) LtdDunrose Investments 207 (Pty) Ltd
Tidal Sea Properties 9 (Pty) Ltd
Tlotlisa Financial Services (Pty) Ltd
Tlotlisa Holdings Ltd
Former Directorships (previous five years)
Price City Investments (Pty) Ltd
Tenurey Bsm (Pty) Ltd
Transcend Residential Property Fund Limited
Westbrooke Host 2019 Ltd
Westbrooke Alto 2018 Ltd
Westbrooke Stac 2018 Ltd
Westbrooke Stac 2019 Ltd
Westbrooke Stac 2020 Ltd
Westbrooke Stac 2021 Ltd
For further information visit www.globalworth.com or
contact:
Enquiries
Stamatis Sapkas Tel: +40 732 800 000
Chief Financial Officer
Panmure Gordon (Nominated Adviser and Tel: +44 20 7886 2500
Broker)
Dominic Morley
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
Poland and Romania. Globalworth acquires, develops and directly
manages high-quality office and industrial real estate assets in
prime locations, generating rental income from high quality tenants
from around the globe. Managed by over 260 professionals across
Cyprus, Guernsey, Poland and Romania, a combined value of its
portfolio is EUR3.2 billion, as at 31 December 2022. Approximately
96.4% of the portfolio is in income-producing assets, predominately
in the office sector, and leased to a diversified array of over 690
national and multinational corporates. In Poland Globalworth is
present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice,
while in Romania its assets span Bucharest, Timisoara, Constanta,
Pitesti, Arad, Oradea and Targu Mures.
For more information, please visit www.globalworth.com and
follow us on Facebook, Instagram and LinkedIn.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BOAGPUBCCUPWGCC
(END) Dow Jones Newswires
April 14, 2023 10:52 ET (14:52 GMT)
Globalworth Real Estate ... (LSE:GWI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Globalworth Real Estate ... (LSE:GWI)
Historical Stock Chart
From Jul 2023 to Jul 2024