GTC to issue shares worth over PLN 600 mln

The financial watchdog KNF has approved Globe Trade Centre's (GTC) prospectus, in line with which the real estate developer will issue over 108 million K series shares valued at some PLN 626 million, the media reported. The company set price at PLN 5.47 a share. The offer includes pre-emptive entitlment for existing shareholders. In May, the shareholders at GTC decided on a public offer amounting to 140 million shares with price a share standing below PLN 5.