Global Lock Safety (Intl) Grp CoLtd Issue of Equity (7772O)

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:[phone] 
   Robert Zhang-Director & Chief Investor Relations Officer   Tel.[phone](IDD) 

E-mail:[e-mail]

   Andrew Gee, Non-executive Director                                    Tel:  [phone] 
   Allenby Capital Limited (Nominated adviser)                    Tel: [phone] 

Nick Naylor

Alex Price

ThreadneedleCommunications

Terry Garrett Tel: [phone]

Alex White Tel: [phone]

- 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

IOEFFFSWMFESEDS