On 14th June 2006 an Extraordinary Shareholder Meeting of Globe Trade Centre S.A. approved a resolution on the splitting of shares.
After the registration of the relevant changes in the Company’s statute by the Registry Court the share capital of Globe Trade Centre S.A. amounting to 21,676,841 zloty will be divided into 216,768,410 shares with nominal value of 10 groszy each. Currently, i.e. before the split, the share capital is divided into 21,676,841 shares with a nominal value of 1 zloty each.
On the date of the split the price per share will be divided by 10 accordingly.
The main goal of the share split is to improve liquidity of trading on the Warsaw stock Exchange and to make the price per share more affordable for individual investors.
The operation of splitting the shares should take approximately 5 weeks from the date of shareholders’ approval