GTC will relaunch talks on a new share issuance in the second half of 2015. GTC shareholders used their preemptive rights to block the issue of 140 million K-series shares in October. The funds were to fuel the company’s new acquisition plans. The GTC management board said it will increase efforts to gather the votes needed for the issuance.
“We needed to make a quick decision in October and wanted to secure the funds as quick as possible. We had several offers on the table at the time, but it turned out that the market isn’t ready for them yet. Some of them are now out of date that’s why we plan to present our plan to shareholders again in the first half of next year,” said Thomas Kurzmann, CEO of GTC.
