Decision on capital increase of GTC Hungary Real Estate Development Pltd.

The management board of GTC Hungary Real Estate Development Pltd. (“GTC Hungary”) as issuer informs that its sole shareholder, Globe Trade Centre S.A. (registered seat: Komitetu Obrony Robotnikow 45A, 02-146 Warsaw, Poland) resolved in its resolution dated June 10, 2021

i)                 to increase the registered share capital of GTC Hungary with the provisions of HUF 2,713,274,000.00 (which is EUR 7,850,000.00) as cash contribution and simultaneously

ii)               to put HUF 2,713,274,000.00 (which is EUR 7,850,000.00) cash contribution into the capital reserves of GTC Hungary.

In consideration for the provision of the cash contribution, GTC Hungary shall issue 1 (that is one) piece of printed class "B" common share with a consolidated nominal value of HUF 2,713,274,000.00 that is two-billion seven-hundred and thirteen million two-hundred and seventy-four thousand Hungarian Forints and with an issue price of HUF 5,426,548,000.00 (that is five billion four hundred and twenty six million, five-hundred and forty-eight thousand Hungarian Forints).

As a result of the share capital increase, the share capital of GTC Hungary shall be increased from HUF 5,000,000.00 that is five-million Hungarian Forints, to HUF 2,718,274,000.00 that is two-billion seven-hundred and eighteen million two-hundred and seventy-four thousand Hungarian Forints.

 

Legal basis: Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation)