The Management Board of GTC Real Estate Development Hungary Zrt (“GTC Hungary”) informs that on 25 April 2023, the Globe Trade Centre SA (“GTC”, “Company”) and GTC Hungary entered into a mutual employment contract termination agreement with Mr. Ariel Ferstman. Mr. Ferstman resigned from his seat on the Management Board of the Company as well as GTC Hungary. The resignation is effective as of 25 April 2023. After this date, Mr. Ferstman will stay with GTC covering the regional functions of capital markets, M&A, fundraising and creation of new investment platforms for the GTC Group.
