GlobalCapital plc – Information to maintain a fair market

GlobalCapital plc (“the Company”) issued the following Company Announcement in terms of Listing Rule 5.16.2 and 5.174.2 of the Listing Rules of the Malta Financial Services Authority.

GlobalCapital p.l.c. (the “Company”) announces that further to its company announcement dated 22 April 2015 it has been made aware that EIP P.L.C. (“EIP”), a company incorporated in the Republic of Malta, has entered into a share purchase agreement (the “SPA”) with BAI Co. (Mtius) Ltd for six million three hundred ninety nine thousand and ninety two (6,399,092) shares in the Company, pursuant to which EIP has agreed to acquire a forty eight point four five percent (48.45%) shareholding interest in the Company, which constitutes a ‘Substantial Shareholding’ in terms of the Listing Rules of the Malta Financial Services Authority.The SPA is a legally binding agreement which is conditional upon the fulfilment of a number of conditions, including approval by the Company for due diligence to be carried out and all necessary regulatory approvals. 

The Company will issue further announcements as soon as it has any new information relevant to these developments. The Company advises caution to avoid the creation of a false market in its securities. 

To view the official Company Announcement, click here.