Wrap Text
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 100,000.00 (PLN 419,270.00 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 0.01 (PLN 0.04 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 04:45:00 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.
Sharenet Sites 
