14th March 2018
Globe Capital Ltd
(“Globe Capital" or the "Company")
Issue of
Equity
The Directors of Globe Capital are pleased to announce that the
Company has raised £500,000 by way of a subscription for 66,666,667
new ordinary shares at a price of 0.75p pence per share.
There are two subscribers of these shares. Optiva Securities have
subscribed to 40,000,000 shares and the Elite CAM Balanced
Discretionary Portfolio Fund has subscribed to 26,666,667
shares.
As a result, Optiva Securities will have a holding of 15.63% and
Elite CAM Balanced Discretionary Portfolio Fund a holding of
10.42%.
The new funds raised will be used to continue to implement the
Company's investment strategy in particular the Company’s new
office in Dubai.
Following the issue of the shares above, Globe Capital has a
total of 255,919,752 ordinary shares in issue.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, Globe Capital under the FCA's Disclosure and Transparency
Rules.
The Directors of the Company accept responsibility for this
announcement.
David Barnett
Chairman
Globe Capital Ltd
Tel: 1-855-280-6793
E-mail: admin@globecapitalltd.com
NEX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott - Corporate Finance /
James Dewhurst - Institutional
Sales
Telephone: +44 (0) 20 7448 9820
http://www.ad-securities.com
49 Queen Victoria Street,
London EC4N 4SA