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:GTCISIN: PLGTC0000037)
(“GTC” or “the Company”)
The Management Board of Globe Trade Centre S.A. informs about receiving on 2 April 2018 from the majority shareholder in the Company, LSREF III GTC Investments B.V. ("Lone Star”), with its registered head office in Amsterdam, the Netherlands, a notification that Lone Star decided to review its options in relation to its investment in Globe Trade Center S.A. and appointed J.P.Morgan and UBS to assist them in this strategic review.
Pursuant to the notification, amongst the options under review, Lone Star is considering a sale of its entire stake to a strategic or financial investor and is not contemplating a placing of any of its shares in the public equity markets by way of an accelerated book building.
Lone Star also confirmed in the notification its continued support for the management team, who, over last few years, has been successfully re-aligned the strategy with value creation
Legal grounds: Article 17 of the 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.
Warsaw,Poland
Sponsor:InvestecBankLimited
