Globe Trade Centre amends terms on Series A participating notes

Globe Trade Centre S.A. (JSE:GTCE) announced amendments to the terms and conditions of its bearer subordinated participating series A notes, valued at EUR 41,821,389.06. The agreement, finalized on April 30, 2025, extends the deadline for settling the Call Option against LFH Portfolio Acquico S.À R.L. and ZNL Investment S.À R.L. to purchase shares in several GmbH & Co. KG entities. This extension allows GTC to retain its right to exercise the early redemption of the Participating Notes. If GTC Paula S.À R.L. settles the existing Call Option by May 30, 2025, the company can exercise its right to early redemption of the notes, subject to shareholder approval for a share capital increase. Additionally, a side agreement related to a share and purchase agreement was concluded to regulate the repayment plan for outstanding payments, with EUR 5,000,000.00 due by April 30, 2025, and a closing payment covering the remaining amount due by May 30, 2025.