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GlobalCapital – Rights Issue

GlobalCapital P.L.C has announced that it has been granted approval by the Listing Authority for the admissibility to listing of 16,792,452 new ordinary shares. This will be done by way of rights to shareholders on the Register at the Central Securities Depositary of the Malta Stock Exchange as at 4th March 2016, including ordinary shares traded up to 2nd March 2016 at the share offer price of €0.291172 each.

The offer is expected to be made during the period between 08.30 on 16th March 2016 and 12:00 on 30 March 2016, in accordance to the ratio: 1.27 New Ordinary Shares for every 1 existing ordinary share.

Any lapsed rights from the Rights Issue will be offered in two stages. Firstly, those shareholders who accept their proportionate entitlement of New Ordinary Shares in full shall be entitled to apply for New Ordinary Shares in excess of their proportionate entitlement, on a pre-emptive basis. Secondly, in the event that any New Ordinary Shares remain unallocated following the close of the Offer Period, and if applicable, after the allotment of Excess Shares, then the lapsed rights will be offered to Financial Intermediaries during an Intermediaries Offer.

The Rights Issue is conditional upon a minimum of ten million (10,000,000) New Ordinary Shares being subscribed for. If subscribed to in full, the Rights Issue will raise a total net amount of €4,740,000.

Full details of the Rights Issue are included in the Prospectus attached.