Globe Trade Centre S.A. (“GTC”), one of the leading commercial real estate companies active in Central Eastern Europe, recommends to its shareholders to issue up to 140 million new shares. The raised capital is intended to be used to finance acquisitions of yielding properties, where GTC will unlock value added potential through its regional platform and asset management skills, as well as organic growth from selected development projects.

The CEE and SEE markets are now offering attractive investment opportunities arising from the high yield spread in a low interest rate environment allowing for accretive growth. Rents in many capital cities in the region are at their historical lows. The combination of these factors creates investment opportunities for GTC.

“GTC has completed its restructuring phase and achieved good and stable operating results. Now, GTC is in good shape to take advantage of the attractive investment opportunities that we have identified to stimulate company growth. The potential acquisitions, to be partially financed with the new capital, will enhance GTC’s investment portfolio, effectively creating shareholder value.” – said Thomas Kurzmann, GTC’s Chief Executive Officer.

Recently, GTC has carefully selected a number of potential acquisition targets that  meet its investment criteria. GTC aims to invest in yielding properties with value added potential which can be realised through its regional platform and asset management skills. Potential acquisition targets are located in Poland and capital cities in the CEE and SEE region. GTC plans to acquire assets predominantly in the office and retail sectors. These acquisitions and selected project developments, most importantly the two shopping malls in Warsaw, should allow GTC to boost its real estate portfolio and increase cash flow from operations.

“We see acquisition opportunities that can be translated into highly accretive growth at GTC. In order to take advantage of these opportunities GTC needs to raise equity. We believe the execution of our growth strategy will change GTC’s profile into a cash generating company in the mid-term.” – added Alexander Hesse, Chairman of GTC’s Supervisory Board.

The shareholders’ meeting that will decide on planned shares issue is scheduled for 13 October 2014.

 

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The GTC Group, established in 1994, is one of the leading commercial real estate company in Central, Eastern and Southern Europe. The Group operates in Poland, Romania, Hungary, Croatia, Serbia, Bulgaria, Slovakia and the Czech Republic.

The GTC Group develops and actively manages real estate portfolio in two sectors of the market: office buildings and retail centres. Since its establishment, the Group has developed 43 office buildings and 12 shopping malls with a total net space amounting to more than 1 million sq m. GTC currently manages 28 commercial real estate projects with a total commercial space of over 589,000 sq m.

GTC is listed on Warsaw Stock Exchange on WIG30 index. The company’s shares are also included in the international indexes: Dow Jones STOXX Eastern Europe 300 index, GPR 250, which comprises the 250 largest and most liquid real estate companies of the world and the FTSE EPRA/NAREIT Emerging Index.

Disclaimer:

Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Australia, Canada or Japan.

This document has been prepared by Globe Trade Centre S.A. (the “Company”), is for informational purposes only and under no circumstances shall constitute an offer or invitation to make an offer, or form the basis for a decision, to invest in the securities of the Company. This document does not constitute marketing or advertising material within the meaning of Article 53 of the Act on Public Offerings, the Conditions for Introducing Financial Instruments to an Organized Trading System, and Public Companies.

A decision as to whether to increase the share capital of the Company has not been made yet. The extraordinary general meeting of the shareholders of the Company, the agenda of which includes a resolution on the share capital increase, has been convened to be held on 13 October 2014 (the “EGM”). The announcement regarding the convocation of the EGM was published on 15 September 2014 by means of current report No. 26/2014. On the same date, the draft resolution of the EGM regarding the share capital increase was published on the Company’s website (www.gtc.com.pl). In case of the adoption by the EGM of the resolution on the share capital increase by way of the issuance of new shares (the “Shares”) in the Company subject to pre-emptive rights, the Company intends to file with the Polish Financial Supervision Authority (the “PFSA”) a motion for the approval of a prospectus (the “Prospectus”) which will be the sole legally binding document containing information about the Company and the offering of its Shares in Poland (the “Offering”). The Company will be authorized to carry out the Offering only after the EGM has adopted the above-mentioned resolution and the Prospectus has been approved by the PFSA. The Company will make the Prospectus available pursuant to applicable law.

This document does not constitute a recommendation within the meaning of the Regulation of the Polish Minister of Finance Regarding Information Constituting Recommendations Concerning Financial Instruments or Issuers Thereof dated 19 October 2005.

This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan, or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America, unless registered under the Securities Act or unless an exemption from the registration requirements set forth in the Securities Act applies to them. No public offering of the securities will be made in the United States of America.

To the maximum extent permitted under the applicable provisions of law, no representation, warranty or undertaking, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The information, opinions and forward-looking statements contained in this document are subject to change without notice. The forward-looking statements included in this document involve a number of known and unknown risks, uncertainties and other factors that could cause the Company’s or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise. The information included in this document being the refining or exploration targets or other business outlook information shall be read as the internal targets of the Company and shall not be construed as financial projections or forecasts. These targets may or may not prove to be accurate. Neither the Company nor any of its subsidiaries or any other related entities shall be held accountable for any damage resulting from the use of this document or a part thereof, or its contents or in any other manner in connection with this document.

Globe Trade Centre S.A.

KOR 45A, 02-146 Warsaw NIP: 527-00-25-113 T: +48 22 16 60 700 www.gtc.com.pl

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