The Management Board of Globe Trade Centre S.A. (“the Company”) reports that on 28 July 2020 Erez Boniel’s post as a member of the Management Board of the Company was terminated with mutual consent effective immediately. Mr. Boniel will continue to assist GTC on a consultancy basis till the end of 2020. Starting 28 July 2020, Ariel Alejandro Ferstman is nominated to the position of Chief Financial Officer of Globe Trade Centre Group and a member of the Management Board.

Ariel Alejandro Ferstman joined GTC in 2011 and has been leading the finance departments as a chief financial officer for GTC in Hungary, Croatia and Slovakia. Prior to joining GTC, Mr. Ferstman spent over three years as the Financial Controller for BSR Europe, formerly listed on the Tel Aviv Stock Exchange, and five years as a senior auditor in Ernst &Young in Israel and Argentina.

Ariel Alejandro Ferstman graduated cum laude from The University of Buenos Aires where he obtained a B.A. degree in accounting and finance. He also holds an MBA in Finance and Business Strategy from The Hebrew University of Jerusalem. Moreover, Mr. Ferstman is a chartered public accountant in Israel and Argentina.

According to his statement, Mr. Ferstman is not entered in the register of insolvent debtors maintained in compliance with the Act on the National Court Register dated 20 August 1997, does not perform any activities outside of the Company’s business which could be considered competitive with respect thereto, does not participate in any competitive business either as a partner in a civil partnership or any other type of partnership, and is not a member of the authorities of any competitive company or any other competitive entity.

Legal basis: § 5 section 4 and 5 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic disclosures by issuers of securities and the conditions for recognising as equivalent the information that is required by the laws of a non-member state.

 28.07.2020  16:00