Eligible investors are recommended by the Management Board to subscribe for dividend in the form of shares. 4 funds holding 73% of GTC share capital have elected to receive shares and subscribed for 13.233.492 M series shares.
“We managed to secure attractive value for our shareholders thanks to our self-propelling growth, including expansion of our portfolio and strong refinancing activity in 2017. We are very satisfied that major shareholders decided to reinvest their dividend proceeds into new shares benefiting further from the growth that we offer. With acquisition of the Mall of Sofia in April this year and realization of the development pipeline, our FFO further increases and we are confident to provide additional dividend capacity by the end of 2018”, said Thomas Kurzmann, GTC’s CEO.