The Management Board of Globe Trade Centre S.A. (the “Company”) announces that on 17 March 2017 it adopted a resolution pursuant to which it will propose to the annual general meeting of the shareholders of the Company (“AGM”) that a dividend in the amount of PLN 0.27 per share be distributed to the shareholders of the Company from the net profit earned in the financial year ended 31 December 2016.

The Management Board will also propose that AGM approve a share capital increase by way of the issuance, with the exclusion of the pre-emptive rights of the existing shareholders, of series L shares with a nominal value of PLN 0.10, each to be offered solely to the Company’s shareholders of record as of the dividend record date, which are “professional clients” (within the meaning of the Polish Act on Trading in Financial Instruments dated 29 July 2005, as amended) (“Dividend Shares”). Such shareholders will be able to elect to receive the amount of their respective dividend net of applicable tax, (“Net Dividend”) in cash or receive Dividend Shares in lieu of cash, (by way of set off) in a  number calculated as Net Dividend divided by the issue price of the Dividend shares, as will be determined by the shareholders.

On 17 March 2017, the Supervisory Board of the Company issued a positive opinion in respect of the Management Board’s above proposal.

The payment of the dividend remains subject to the approval by the annual general meeting of the shareholders of the Company.

Legal basis: § 38 section 1 sub-section 11 of the Regulation of the Council of Ministers of 19 February 2009 concerning the submission of periodic information by issuers of securities and the conditions for recognising as equivalent the information demanded by the national lawful regulations of a country which does not hold membership in the European Union.

17.03.2017  18:06