Globe Capital Limited Issue of Equity

 
TIDMGCAP 
 
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 GBP500,000 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: [phone] 
E-mail: [e-mail] 
 
NEX CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott - Corporate Finance / James Dewhurst - Institutional Sales 
Telephone: [phone] 
http://www.ad-securities.com 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

March 14, 2018 14:22 ET (18:22 GMT)