GlobalCapital plc - Details of Rights Issue

Tuesday, March 8th, 2016

On 8 March 2016, GlobalCapital plc published a Prospectus dated 4 March 2016 in connection with the recently announced €4.74 million Rights Issue.

The salient details of the Rights Issue, which is conditional upon a minimum of 10,000,000 new ordinary shares being subscribed for, are as follows:

Amount Offered:

16,792,452 new ordinary shares with a nominal value of €0.291172 each

Offer Ratio:

1.27 new shares for every 1 held

Rights Issue Price:

€0.291172

Submission Deadline:

(shareholders as at the close of trading on 2 March 2016)

30 March 2016 at 12:00 hours

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 (the “Excess Shares”), on a pre-emptive basis. Subsequently, 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 balance of lapsed rights will be offered to Financial Intermediaries during an Intermediaries Offer.

Use of Proceeds:

The net proceeds from the Rights Issue, amounting to approximately €4.74 million, will be used by the Issuer to partly finance the redemption of the 5.6% GlobalCapital plc 2014-2016 bonds which are due on 2 June 2016.

Listing:

Official List of the Malta Stock Exchange

Admission to Listing:

13 April 2016

Disclaimer:

The value of investments may increase as well as decrease and past performance is not an indication of future performance. Prospective investors are urged to read the Prospectus issued by GlobalCapital plc dated 4 March 2016 including the Risk Factors contained in Section 3 of the Registration Document on pages 8 to 15 as well as Section 3 of the Securities Note on pages 8 to 10.

Interested applicants are kindly requested to contact us for further information on the detailed application procedures.

Downloads:

GlobalCapital plc – Rights Issue Prospectus dated 4 March 2016.

Rizzo, Farrugia & Co. (Stockbrokers) Ltd has been mandated to act as Sponsor, Manager & Registrar to the Rights Issue by GlobalCapital plc.

This webpage has been prepared based on the Rights Issue Prospectus dated 4 March 2016 issued by GlobalCapital plc, and no representations or guarantees are made by Rizzo, Farrugia & Co. (Stockbrokers) Ltd with regard to the accuracy of the data. This webpage is for information purposes only. It is not intended to be and should not be construed as an offer or solicitation to acquire or dispose of any of the securities or issues mentioned herein. Rizzo, Farrugia & Co. (Stockbrokers) Ltd accepts no responsibility or liability whatsoever for any expense, loss or damages arising out of, or in any way connected with, the use of all or any part of this webpage.

Print This Page Print This Page