Rymarz Zdort advises Globe Trade Centre on increase of share capital via issuance of new shares by way of accelerated book-building

Rymarz Zdort advised Globe Trade Centre (“GTC”, the “Company”) on the increase of the Company’s share capital via the issuance of series O bearer shares by way of an accelerated book-building process.

Numerous Polish and international investors placed a significant amount of demand declarations  and exceeded the base offer comprising 55 million new shares. On the back of such strong demand, the Company decided to increase the offer size by more than 60% and ultimately allocated 88,700,000 shares at PLN 6.40 per share, raising approximately EUR 123 million, which will be used to strengthen the capital structure of the GTC Group and fund future growth.

Globe Trade Centre S.A. is a leading real estate investor and developer active in Poland, Hungary, Romania, Bulgaria, Serbia and Croatia. The Company’s shares are listed on the Warsaw Stock Exchange and inward listed on the Johannesburg Stock Exchange.

Santander, Erste Group and WOOD & Company acted as Joint Global Coordinators and Joint Bookrunners assisting the Company in this transaction.

The transaction was handled by Dr Jakub Zagrajek, a partner. Patrick Bright, a partner at the Weil Gotshal & Manges London office, supported by associates Sandra Fadel and Anish Mohanty, advised GTC under English law and US securities law.