LifeStar Holding plc - Update on IPO and Exchange Offer

On 11 February 2021, LifeStar Holding plc (formerly known as GlobalCapital plc) announced that following earlier announcements made on 7 September 2020 and 12 October 2020, the process for the listing, IPO and exchange offer of its subsidiary, LifeStar Insurance Limited (formerly GlobalCapital Life Insurance Limited), is well underway and an advanced draft of the prospectus for the IPO and exchange offer has been submitted to the MFSA for review.

The company noted that it has engaged a leading advisory firm to undertake a valuation of LifeStar Insurance Limited from which the Board of Directors will determine the offer price for the IPO and exchange offer. Moreover, the company also explained that the listing, IPO and exchange offer are expected to be completed during the first half of 2021.