The Management Board of Globe Trade Centre S.A. (the “Company”) hereby announces that it received notifications dated 12 June 2015 on increase above 50% in the total number of votes in the Company as a result of the settlement of the tender offer for Company`s shares announced by LSREF III on 30 March 2015 (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 the last notification and before the abovementioned increase, the LSREF III directly and Lone Star indirectly (by LSREF III) held 114,179,790 ordinary shares in the Company, which jointly constituted 32.5% of the share capital of the Company and entitled LSREF to cast 114,179,790 votes, jointly constituting 32.5% of the total vote in the Company.
- On 30 March 2015 LSREF announced the tender offer to subscribe for the sale of the Company's shares. Subscriptions in the tender offer continued until 3 June 2015. The settlement took place on 10 June 2015. As a result of the settlement, the LSREF III directly and Lone Star indirectly (by LSREF III)acquired 79,898,397 ordinary shares in the Company, hereby increasing its indirect share of the total vote in the Company to 55.24%.
- As of today, the LSREF III directly and Lone Star indirectly (by LSREF III) holds 194,078,187 ordinary shares in the Company, which jointly constitute 55.24% of the share capital of the Company and entitle LSREF to cast 194,078,187 votes, jointly constituting 55.24% of the total vote in the Company.
Moreover, the Notifying Parties do 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), LSREF 3 GTC Holding 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).