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CANCELLATION OF S385799 Closing of the subscription of series L shares
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”)
GLOBE TRADE CENTRE S.A.
Current report number: 18/2017
Date: 12 June 2017
Subject: Closing of the subscription of series L shares
The Management Board of Globe Trade Centre S.A. (the “Company”) hereby announces
that the subscription of series L ordinary bearer shares (the “Series L Shares”) has been
completed.
The Series L Shares were subscribed for pursuant to Resolution No. 18 of the General
Meeting of the Company dated 16 May 2017 regarding the increase of the Company's share
capital through the issuance, solely to certain shareholders of the Company as of the
dividend record date, of ordinary series L bearer shares, the exclusion of all of the pre-
emptive rights of the existing shareholders to all of the series L shares, the amendment of
the Company's statute, the application for the admission and introduction of series L shares
and/or rights to series L shares to trading on the regulated market operated by the Warsaw
Stock Exchange and the dematerialisation of series L shares and/or rights to series L shares
( the “Resolution on the Share Capital Increase”).
1. Date of opening and closing of the placement or sale: The book building process was
not carried out. The subscription agreements for the Series L Shares were executed
between 6 and 7 June 2017.
2. Date of the allotment of the securities: Not applicable. The subscription agreements
for the Series L Shares were executed between 6 and 7 June 2017.
3. Number of securities covered by the placement or sale: The maximum number of Series
L Shares that could have been issued pursuant to the Resolution on the Share Capital
Increase was 15,532,306.
4. Reduction rate for individual tranches in the event that in any tranche the number of the
allotted securities was smaller than the number of securities that were subscribed for: Not
applicable.
5. Number of securities that were subscribed for under the placement or sale: No
subscriptions within the meaning of the Commercial Companies Code were made;
under the subscription, 10,087,026 Series L Shares were subscribed for.
6. Number of securities that were allotted under the subscription or sale: 10,087,026 Series
L Shares were subscribed for in the course of the subscription.
7. Price at which the securities were acquired (subscribed for): subscription price – PLN
8.91 per each Series L Share.
8. Number of individuals who subscribed for securities covered by the placement or sale in
individual tranches: Not applicable – the subscription was not divided into individual
tranches.
9. Number of individuals who were allotted securities under the placement or sale in
individual tranches: The Series L Shares were subscribed for by 21 entities.
10. Name (business name) of the underwriters that have subscribed for the securities under
underwriting agreements, with a specification of the number of securities they have
subscribed for along with the actual unit price per security (the issue price or the sale price
after the deduction of the fees charged for subscribing for one security in performance of an
underwriting agreement): Not applicable. The issuance of the Series L Shares was not
subject to any underwriting commitment.
11. Value of the placement or sale calculated by multiplying the number of securities
covered by the offering by the issue price or the sale price: PLN 89,875,401.66.
12. Total costs that were recognised as the costs of the issuance, broken down by cost
types, including at least the following cost items: a) arrangement and implementation of
the offering; b) fees charged by individual underwriters; c) preparation of a
prospectus, including the costs of advisory services; d) promotion of the offering:
EUR 660,000.00 (PLN 2,767,182.00 calculated in accordance with the average PLN /
EUR exchange rate published by the National Bank of Poland on the date of this
report) - all such costs are related to point a) (i.e. the arrangement and implementation
of the offering), since points b), c) and d) did not apply: the series L shares were not
subject to any underwriting undertaking, no prospectus was prepared in connection
with the public offering of the series L shares or the seeking of the admission thereof
to trading on the regulated market, and no promotional activities were conducted in
relation to the public offering.
13. Average cost of the implementation of the placement or sale attributable to one security
covered by the placement or sale: EUR 0.07 (PLN 0.27 calculated in accordance with the
average PLN / EUR exchange rate published by the National Bank of Poland on the
date of this report).
Disclaimer:
This announcement was prepared in accordance with Article 56.1 of the Polish Act on Public
Offering, the Conditions Governing the Introduction of Financial Instruments to Organised
Trading, and Public Companies dated 29 July 2005 (the “Act on Public Offering”). This
announcement is for information purposes only and is made to satisfy the information
requirements with which Globe Trade Centre S.A. as a public company the shares in which
are admitted and introduced to trading on the regulated market operated by the Warsaw
Stock Exchange must comply; furthermore, it does not constitute or form any part of any
offer or invitation to directly or indirectly subscribe for, underwrite or otherwise acquire
securities of Globe Trade Centre S.A., with its registered seat in Warsaw, or any solicitation
of any offer to purchase or subscribe for such securities.
This announcement does not constitute any promotional campaign as set forth in Article 53.1
of the Act on Public Offering.
In particular, this announcement is not intended for distribution, whether directly or indirectly,
from or to the United States of America or other jurisdictions where such distribution,
publication or use is prohibited by law. The securities referred to in this announcement have
not been and will not be registered under the U.S. Securities Act of 1933, as amended, and
may be offered or sold in the United States of America solely under an exemption or as part
of transactions which are not covered by registration requirements under the U.S. Securities
Act.
Legal basis: § 33 section 1 of the Regulation of the Minister of Finance of 19 February 2009 on
current and periodical disclosure by issuers of securities and conditions for recognising as equivalent
the information that is required by the laws of a non-member state.
Signed by:
/s/ Thomas Kurzmann /s/ Erez Boniel
President of the Management Board Member of the Management Board
Warsaw, Poland
Sponsor: Investec Bank Limited
Date: 12/06/2017 04:44:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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