Globalworth announced changes to the Company's Board of Directors and an update regarding the COVID-19 outbreak. Ioannis Papalekas, the Founder, is stepping down from the Board of Directors of Globalworth with immediate effect but will remain as CEO of the Company. Dimitris Raptis, the current Chief Investment Officer and Deputy CEO, has been appointed co-CEO alongside Mr. Papalekas whilst retaining his role as Chief Investment Officer.

Mr. Raptis will remain on the Board of Directors of Globalworth and will act as the main point of communication between the board and executive management. This decision has been made after consultation with the Company's major shareholders and will allow Mr. Papalekas to focus completely on his responsibilities in managing the Company's business and operations in the near term, especially in light of the outbreak of the COVID-19 global epidemic and crisis. Following the above changes to the Board, the Board will comprise 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).