GlobalCapital plc – Information to maintain a fair market

GlobalCapital plc announced that  it has been made aware that EIP P.L.C., a public limited liability company incorporated in the Republic of Malta, has made a conditional offer to BAI Co. (Mtius) Ltd. (“BAI”) for the acquisition of all the shares held directly by BAI in the Company.

BAI is the owner of 48.45% of the issued share capital of the Company which constitutes a ‘Substantial Shareholding’ in terms of the Listing Rules of the Malta Financial Services Authority. The Company has been informed that this conditional offer is subject to conditions which are typical in these types of transactions such as the signing of a binding share purchase agreement, a full due diligence process and all necessary regulatory approvals. The Company will issue further announcements as soon as it has any new information relevant to these developments.

To view the official company annoucnement, click here.