Globe Capital Limited New Issue of Shares and Warrants and Directorate Change
29 January 2016 - 11:36PM
UK Regulatory
TIDMGCAP
29 January 2016
Globe Capital Limited
("GLOBE CAPITAL" or the "Company")
Placing of 95,714,285 New Shares to raise GBP100,500, Warrants Issue
and Directorate Change
Placing of New Shares
The Company is delighted to announce that it has raised GBP100,500 (before
expenses) by way of a placing of 95,714,285 New Ordinary Shares at 0.00105
pence each, with its shareholders David Barnett, Toddbrook Investments Limited,
Boxerdome Enterprise FZE and DHD Impex Pte Limited at a placing price of
0.00105 pence ("Placing Price") per new Ordinary share of 0.001 pence each (the
"Placing").
In addition, the company has granted Alexander David new Ordinary Shares of
18,900,000 at 0.00105 pence each at the valuation of the company's new shares
being admitted to trading on ISDX Growth Market.
The proceeds of the placing will be used to further support the Company's
working capital requirements.
The 114,614,285 new Ordinary Shares will be admitted to trading on ISDX Growth
Market today, 29 January 2016.
Following the Placing, the issued share capital of the Company will increase to
189,253,085 ordinary shares of 0.001 pence each. This 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.
The following parties have an interest of more than 3% in the shares of the
Company:
Shareholder Name Number of Ordinary Percentage Holding
Shares
DAVID BARNETT 5,742,857 3.30%
TODDBROOK INVESTMENTS LIMITED 5,742,857 3.30%
LIAO CHUNLAN 17,270,275 9.13%
SZE THYE GROUP LIMITED 38,199,750 20.18%
BOXERDOME ENTERPRISE FZE 40.838,095 21.58%
DHD IMPEX PTE LTD 43,390,476 22.93%
Warrants Issue
The Company has also issued warrants which, upon exercise, will equal the
amount of shares, at an exercise price of GBP0.0025 for each of the New Ordinary
Shares to David Barnett, Toddbrook Investments Limited, Boxerdome Enterprise
FZE and DHD Impex Pte Limited.
As disclosed above David Barnett is the beneficial owner of 5,742,857 Ordinary
Shares and Warrants owner of 5,742,857 Shares exercisable at GBP0.0025 per share.
Directorate Change
The Board of Directors wishes to announce that Wong Xinyan, the Company's Chief
Executive Officer, has stepped down from the role of Chief Executive Officer
and the Board with immediate effect. The Company would like to thank Mr Wong
for his time and contribution to the Company over his term. The Board has also
appointed David Barnett as Director, with immediate effect.
David Barnett (age 65, Director)
David Barnett is a fashion consultant and a Director of Barnett Fashion Agency
Limited. He has over 30 years' experience within the menswear wholesale
environment and represented several menswear brands.
David Barnett current and past (five years) directorships are as follows:
Current directorships Past directorships (last five years)
Barnett Fashion Agency Limited Pendleton & Cross Limited
Stingray Leather Goods UK Limited
Other than the above there are no further disclosures required under Rule 70
and paragraph 21 of Appendix 1 of the ISDX Growth Market Rules for Issuers.
The directors of Globe Capital Limited accept responsibility for this
announcement.
For further information please contact:
Christopher Neo Globe Capital
Limited +44 (0)20 3286 6388
David Scott / James Dewhurst Alexander David Securities
Limited +44 20 7448 9820
END
(END) Dow Jones Newswires
January 29, 2016 07:36 ET (12:36 GMT)