GlobalCapital plc - BAI placed under Conservatorship

Monday, April 6th, 2015

On 6 April, GlobalCapital plc announced that on Friday 3 April 2015 it was informed of the appointment of conservators to BAI Co. (Mtius) Ltd (“BAI”) by the Financial Services Commission of Mauritius.

BAI holds 48.45% of the ordinary shares of GlobalCapital. The Company notes that the business and operations of the GlobalCapital Group are totally separate and distinct from those of any of its shareholders, including BAI, and that the appointment of conservators of BAI does not relate to the business, operations or assets of the GlobalCapital Group.

In a separate announcement, GlobalCapital also announced that Mr Joseph R. Aquilina has been appointed ad interim Chairman of the Group following the resignation of Mr Dawood Rawat from the office of Director and Chairman of GlobalCapital plc with effect from 03 April 2015.

Print This Page Print This Page