TIDMGLOK

RNS Number : 5985H

Global Lock Safety (Intl) Grp CoLtd

21 June 2013

Global Lock Safety (International) Group Co., Limited

("Global Lock" or the "Company")

Director dealings

Global Lock, the provider of security solutions to retailers and other organisations in China, announces that on 9 February 2012 its CEO, MoXiang Li, acquired the entire beneficial interest in Family Fortune Investment Holdings Co., Ltd ("Family Fortune") through the acquisition of an aggregate of 40,000 shares (the "Shares") from Xuean Yan (known as Johnson, the Group's former CEO), Jun Gai (the Group's former International Director), Jiafa Wang (known as Jeffery, the Group's Chief Technology Officer) and Yong Luo (the Group's Chairman).

The remaining issued shares in Family Fortune were already held by Mr Li and, as noted in Company's Admission Document dated 17 October 2010, since the date of admission of the Company to AIM Family Fortune has been treated as part of Mr Li's "family" within the meaning of the AIM Rules. As such, shares in the Company held by Family Fortune are aggregated with shares in the Company held by Mr Li for the purposes of determining Mr Li's holding of shares in the Company. The legal interest in the Shares in Family Fortune was subsequently transferred to Mr Li on 26 April 2012. Mr Li also became Family Fortune's sole director on 26 April 2012.

Following completion of the acquisition, Mr Li now holds 31,500,000 shares in Global Lock which, when aggregated with the 66,921,500 shares in Global Lock held by Family Fortune, results in Mr Li's holding of shares in Global Lock remaining unchanged at 98,421,500 shares, equivalent to 38.6% of the Company's issued share capital.

As noted in Company's Admission Document dated 17 October 2010, at the date of Admission Family Fortune was also treated as part of the "family" (within the meaning defined in the AIM Rules) of Xuean Yan, Jun Gai, Jiafa Wang and Yong Luo. Upon the disposal of their respective beneficial interests in shares in Family Fortune to Mr Li on 9 February 2012, Family Fortune ceased to be part of the "family" of each of such person. As a consequence, Jiafa Wang now holds 2,500,000 shares in Global Lock (0.98%) and Yong Lou holds 17,000,000 (6.67%) shares in Global Lock.

The Takeover Code (the "Code") does not apply to the Company although the Company's Articles of Association (the "Articles") incorporate provisions intended to replicate the effect of Rule 9 of the Code, albeit without the full protection afforded by the Code and where the board of directors of the Company (the "Board") determine that the provisions should apply to any relevant transaction. The Board regards Mr Li and Family Fortune to have been persons who are "acting in concert" (within the meaning defined in the Code and for the purposes of the Articles) at all times since Admission and, as such, there has not been any change in the aggregate holding of shares in Global Lock of Mr Li and Family Fortune.

Enquiries:

Global Lock Safety (International) Group

Li Mo Xiang, CEO Tel:+86 755 8366 0755

   Andrew Gee, Non-executive Director                                            Tel:  0777 565 3564

Allenby Capital Limited Tel: 0203 328 5656

Nick Naylor

Alex Price

- Ends -

This information is provided by RNS

The company news service from the London Stock Exchange

END

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