Warsaw-listed GTC sets rights issue price at PLN 5.47/shr

September 5, 2015 7:53 AM

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WARSAW, Sept 5 Warsaw-listed property developer GTC set the price in its rights issue at 5.47 zlotys per share, valuing the issue at 596 million zlotys ($157.4 million), the company said late on Friday.

The group, controlled by real estate fund Lone Star, said it would issue 108.9 million new shares, raising the overall number of its shares by 31 percent. Earlier this year, GTC's shareholders approved a rights issue of up to 140 million shares.

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