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GTC - Globe Trade Centre SA News Story

PLN6.3 0.0  0.0%

Last Trade - 18/09/20

Sector
Financials
Size
Mid Cap
Market Cap £629.3m
Enterprise Value £1.61bn
Revenue £153.2m
Position in Universe 55th / 751

BRIEF-GTC says $158 mln rights issue fully subscribed

Tue 29th September, 2015 10:41am
Sept 29 (Reuters) - Warsaw-listed property developer GTC 
 GTCP.WA :   
    * Commercial real estate developer Globe Trade Center (GTC) 
said on Tuesday its shareholders subscribed for all of the 108.9 
million shares in its rights issue. 
    * Total demand stood at over 146 million shares, GTC said in 
a statement, over 34 percent more than the number of shares on 
offer.  
    * Earlier this month, GTC set the price in its rights issue 
at 5.47 zlotys per share, valuing the issue at 596 million 
zlotys ($157.7 million), below the current market price of 6.16 
zlotys per share.  ID:nL5N11B049   
    * Since the beginning of the year GTC market value rose by 
almost 17 percent to $576 million. 
 
Source text: http://gtc.com.pl/popyt-na-akcje-gtc-serii-k-przekroczyl-podaz-o-34/ 
Further company coverage:  GTCP.WA  
 
($1 = 3.7785 zlotys) 
 
 (Reporting by Wiktor Szary; Editing by Marcin Goclowski) 
 ((wiktor.szary@thomsonreuters.com;))
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