The management board of Globe Trade Centre S.A. (the “Company”) hereby announces that on 21 January 2014 it received notifications dated 20 January 2014 on a change in the shareholding of the Company by at least 2% of votes in the Company, as a result of an acquisition of shares in the Company on the official stock exchange market operated by the Warsaw Stock Exchange on 16 January 2014 (the “Transaction”) (the “Notifications”) from:
- LSREF III GTC Investments B.V. (“LSREF III”); and
- Lone Star Real Estate Partners III L.P. (“Lone Star” and together with LSREF III, the “Notifying Parties”).
In the Notifications the Notifying Parties announced that:
- as of 21 November 2013, LSREF III, directly, and Lone Star, indirectly, held 88,635,914 ordinary shares in the Company, which constituted 27.75% of its share capital and entitled them to cast 27.75% of votes at the general meeting;
- immediately prior to the Transaction, LSREF III, directly, and Lone Star, indirectly, held 104,047,241 ordinary shares in the Company, which constituted 29.6169% of its share capital and entitled them to cast 29.6169% of votes at the general meeting;
- on 16 January 2014, LSREF III, directly, and Lone Star, indirectly, acquired 500,000 ordinary shares in the Company, increasing its share in the total number of votes in the Company to 29.7592%; and
- as of the date of the Notifications, LSREF III, directly, and Lone Star, indirectly, held 105,047,241 ordinary shares in the Company, which constituted 29.9016% of its share capital and entitled them to cast 29.9016% of votes at the general meeting.
Moreover, the Notifying Parties did not exclude the possibility of further increasing their (direct or indirect, respectively) share in the total number of votes in the Company within 12 months of the date of the Notifications, in order to strengthen their position as investors in the Company.
LSREF III announced that there are no subsidiaries thereof holding any shares in the Company, whereas Lone Star announced that the following entities controlled thereby hold shares in the Company: LSREF III (directly), Lux Investments IX S.a.r.l. (indirectly), Lone Star Capital Investments S.a.r.l. (indirectly), Lone Star Global Lendings III Limited (indirectly), Lone Star Real Estate Fund III (U.S.), L.P. (indirectly) and Lone Star Real Estate Fund III (Bermuda), L.P. (indirectly).
The Notifying Parties further stated that, with respect to both Notifying Parties, there are no persons referred to in Article 87 section 1 point 3 letter c of the Polish Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of 29 July 2005 (amended and restated: Journal of Laws of 2013, item 1382).
Legal basis: Art. 70 section 1 of the Polish Act on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies of 29 July 2005 (amended and restated: Journal of Laws of 2013, item 1382).
