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GLOBE TRADE CENTRE S.A. - Completion of sale of an office portfolio in Belgrade, Serbia

Release Date: 13/01/2022 07:05
Code(s): GTC     PDF:  
Wrap Text
Completion of sale of an office portfolio in Belgrade, Serbia

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”)



Current report number: 5/2022

Completion of sale of an office portfolio in Belgrade, Serbia.

The management board of Globe Trade Centre SA (“GTC”), in relation to the current report no 5/2021
dated 22 May 2021, informs that the conditions precedent of the sale purchase agreement (the
“Agreement”) concerning the sale of the entire share capital of

    i)       Atlas Centar doo Beograd, Demo Invest doo Novi Beograd, GTC BBC doo, GTC Business
             Park doo Beograd and GTC Medjunarodni Razvoj Nekretnina doo Beograd, each a Serbian
             company, 30% owned by GTC and 70% owned by Office Planet Kft. (a Hungarian company
             100% owned by GTC Hungary Real Estate Development Zrt), and
    ii)      Commercial and Residential Ventures d.o.o. Beograd (a Serbian company 100% owned by
             GTC) and Office Planet Kft.

(collectively: the “Sale Companies”), among GTC and GTC Hungary Real Estate Development Zrt. as
sellers and a Hungarian limited liability company from the Indotek Group as buyer (the “Buyer”) were
met and the sale was completed.

Legal grounds: Article 17 section 1 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.

Signed by:

Warsaw, Poland
13 January 2022
Sponsor: Investec Bank Limited




/s/ Yovav Carmi                           /s/ Ariel Alejandro Ferstman
President of the Management Board        Member of the Management Board

Date: 13-01-2022 07:05:00
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