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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

Warsaw-listed GTC owners approve rights issue plan

Tue 30th June, 2015 10:09am
WARSAW, June 30 (Reuters) - Shareholders at Warsaw-listed 
commercial real estate developer GTC  GTCP.WA  backed the 
company's plan for a rights issue of up to 140 million shares on 
Tuesday. 
    Under its long-flagged plan, GTC wants to increase its total 
number of shares by 40 percent. The main aim is to fund 
real-estate acquisitions in Poland and eastern Europe. 
 ID:nL6N0S82F0  
    The plan was backed by GTC's key shareholder, real estate 
fund Lone Star. Twice previously the idea failed to win support 
of the 75 percent of shareholders required to approve the issue 
 ID:nL5N0XK2S9  
    The market capitalisation of GTC is 2.12 billion zlotys  
($564.96 million). 
($1 = 3.7525 zlotys) 
 
 (Reporting by Adrian Krajewski; Editing by Marcin Goclowski and 
Christian Lowe) 
 ((adrian.krajewski@thomsonreuters.com; +48 22 653 97 09; 
Reuters Messaging: 
adrian.krajewski.thomsonreuters.com@reuters.net)) 
 
Keywords: POLAND GTC/ISSUE
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