LifeStar Holding plc - Information to the Market

On 12 October 2020, GlobalCapital plc issued a company announcement in relation to the Annual General Meeting held on 9 October 2020. In addition to the approval of all resolutions, GlobalCapital plc reiterated its intention to issue new €10 million unsecured bonds which proceeds would be earmarked for the redemption of the existing €10 million 5% unsecured bonds which are redeemable on 2 June 2021. GlobalCapital also added that while the net proceeds from the IPO of GlobalCapital Life Insurance Limited (as previously communicated on 7 September 2020) will be used to finance any additional liquidity that may be required by GlobalCapital plc, these can also be used to redeem the existing or the new €10 million bonds as the new bonds are intended to be issued prior to the IPO, subject to regulatory approval.