Sharenet Sites 
Sharenet Sites
Recommendation of the Supervisory Board regarding the non-payment of dividends for year 2024
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)
("the Company")
Subject: Recommendation of the Supervisory Board regarding the non-payment of
dividends for year 2024
Current report number: 11/2025
Date: 29 May 2025
The Management Board of Globe Trade Centre S.A. reports that on 28 May 2025
the Supervisory Board of the Company, following the recommendation of the Management Board
hereby issued a positive opinion on the Management Board's proposal to deviate from published
dividend policy (dividend policy published on 20 March 2017) and not to pay the dividend.
The Management Board believes that it is in the interest of the Company and its shareholders to
retain cash at the Company, which will allow the Company to maintain a strong capital and cash
position to facilitate the refinancing of the €500 million bond due June 2026 and to allow for future
growth through acquisitions and development. This recommendation is issued despite good
operating performance achieved by the Company as measured by the FFO (funds from
operations) in the financial year ended 31 December 2024.
The final decision regarding the payment of dividends for the year ended 31 December 2024 will
be made by the general meeting of the Company.
Legal grounds: Art. 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.
Signed:
/s/ Zsolt Farkas /s/ Balázs Gosztonyi
Management Board Member Management Board Member
Warsaw, Poland
Sponsor: Investec Bank Limited
Date: 29-05-2025 07:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
