GTC shareholders subscribe 13.2 million shares

Shareholders of real estate developer Globe Trade Centre subscribed 13.2 million M-series shares placed in private subscription, the company announced on Wednesday. The total value of the issue is PLN 113.5 million. In the middle of May, GTC shareholders approved the issue of up to 19.4 million shares, which may be offered as a substitute for cash dividends. The issue price was set at PLN 8.58 per share. Shareholders could choose whether to receive a dividend in cash or in company shares. The dividend payment in cash amounted to PLN 0.33 per share.