GLOBE TRADE CENTRE S.A.
(Incorporated and registered in Poland with KRS No. 61500)
(Share code on the WSE: GTC.S.A)
(Share code on the JSE: GTC ISIN: PLGTC0000037)
(“GTC” or “the Company”)
In reference to current report No. 2/2019 of 14 February 2019, the Management Board of Globe Trade Centre S.A. ("Company"), hereby announces that on 27 January 2020, Midroog (Israel-based credit rating agency accredited by the State of Israel) announced cessation of debt rating for Globe Trade Centre S.A. at the Company's request, in light of not raising debt in Israel. Prior to its cessation, the rating stood at A2.il with a stable horizon.
Legal grounds: § 17(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC – inside information.
Neither this current report nor the ratings issued by Midroog constitute a recommendation to buy, hold, and/or sell securities and/or other financial instruments issued or relating to the Company and/or make any other investment and/or forgo any of these actions.
Neither this current report nor the ratings issued by Midroog constitute investment advice and/or financial advice, nor do they address the appropriateness of any given investment for any specific investor, in particular retail investors. Each potential investor should seek and obtain professional advice in respect of his/her investments.
This current report is neither an offer of securities for sale, nor a solicitation of an offer to purchase/subscribe for securities, in any jurisdiction.
Warsaw, Poland
Sponsor: Investec Bank Limited