Global Lock Safety (Intl) Grp CoLtd Issue of Equity (7772O)
October 16 2012 - 2:35AM
UK Regulatory
TIDMGLOK
RNS Number : 7772O
Global Lock Safety (Intl) Grp CoLtd
16 October 2012
Global Lock Safety (International) Group Co., Limited
("Global Lock" or the "Company")
Issue of equity
Global Lock, the provider of security solutions to retailers and
other organisations in China, announces that it has issued
5,000,000 ordinary shares of nil par value each in the Company to
certain employees of the Company (the "Employee Bonus Shares").
The Employee Bonus Shares represent 2.0 per cent. of the
Company's issued share capital and have been issued to various
employees in satisfaction of certain bonus entitlements under their
contracts of employment, as further described in paragraph 16 of
Part 1 of the Company's Admission Document dated 17 October 2010.
The Employee Bonus Shares have been issued at 5.50p (representing a
premium of approximately 22 per cent. to the closing mid-price of
the Company's shares on 15 October 2012, being the latest
practicable date prior to the date of this announcement).
Included in the issue of the Employee Bonus Shares are 26,316
ordinary shares to be issued to Xiao Hua Zhang (known as Robert), a
director of the Company. Following the issue of the Employee Bonus
Shares, Robert Zhang will hold 96,316 ordinary shares representing
0.038 per cent. of the then issued share capital of the
Company.
An application has been made to admit the Employees Bonus Shares
to trading on AIM and it is expected that this will take place on
or around 19 October 2012 ("Admission"). The Employee Bonus Shares
will represent approximately 1.96 per cent. of the enlarged share
capital of Global Lock. The total enlarged issued share capital of
Global Lock following Admission will be 255,000,000 ordinary shares
of nil par value each in the capital of the Company. 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, the
share capital of the Company under the Disclosure and Transparency
Rules.
Enquiries:
Global Lock Safety (International) Group Limited
Moxiang LI,Chairman andCEO Tel:+86 755 8366 0755
Robert Zhang-Director & Chief Investor Relations Officer Tel.+86 755 86556705(IDD)
E-mail:robertzh@globallock.com
Andrew Gee, Non-executive Director Tel: 0777 565 3564
Allenby Capital Limited (Nominated adviser) Tel: 0203328 5656
Nick Naylor
Alex Price
ThreadneedleCommunications
Terry Garrett Tel: 0207653 9845
Alex White Tel: 0207653 9859
- Ends
Global Lock provides a total anti-theft service for the Chinese
retail sector. This service comprises three primary elements: a
patented GSM alarm system; a 24 hour security service and guard
response; and linked anti-theft insurance. The Directors of Global
Lock believe that the Global Lock is the only provider of this type
of comprehensive integrated security system service in the People's
Republic of China.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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