GlobalCapital plc – Information to maintain a fair market

GlobalCapital plc refered to its company announcements GCL 192 and GCL 193 dated 22 April 2015, regarding recent events relating to BAI Co. (Mtius) Ltd. (“BAI”) in Mauritius and the conditional offer by EIP P.L.C. (“EIP”) to BAI for the acquisition of all the shares held directly by BAI in the Company, as well as to the suspension of Listing and Trading in relation to the Company’s securities announced by the Listing Authority on 17 April 2015 (TS Ref: 2015/01/001) as extended by the Listing Authority until the 18 May 2015 as announced on 04 May 2015 (TS Ref: 2015/01/002).

Reference is also made to company announcement GCL 194 dated 27 April 2015 regarding the appointment of Mr. Joseph C. Schembri and Mr. Mario P. Galea as directors of the Company and their appointment as chairman and member respectively of the Company’s Audit Committee. In view of the above circumstances, the Company has applied to the Listing Authority to request an extension until 31 May 2015 to consider and approve its Annual Financial Report for the financial year ended 31 December 2014. The delay in the publication of the Company’s Annual Financial Report will, in line with normal practice, result in the Listing Authority’s extension of the suspension of the listing and trading in the Company’s securities until such time as its Annual Financial Report is made public.

The Company will make such further announcements as may be necessary in due course. 

To view the official company annoucement, click here.