Issue of Equity & Directors' Dealings (8206U)

TIDMGBR

RNS Number : 8206U

Global Brands S.A.

30 December 2011

30 December 2011

Global Brands S.A. ("Global Brands" or "the Company")

Issue of Equity and Directors' Dealings

Issue of Equity

Global Brands S.A., an international business developing branded food operations in Europe, including being the master franchise owner for Domino's Pizza in Switzerland, Luxembourg and Liechtenstein, announces the issue and conversion of a convertible loan note and the conversion of outstanding invoices into equity.

The convertible loan note of $250,000 subscribed for by Noble Rock, the majority shareholder of the Company on 22 December 2011 and converted into 23,300,000 50% partially paid up shares on 23 December 2011.

On 23 December 2011 the board also resolved to issue an additional 7,250,000 million shares for the conversion of outstanding invoices of ca. GBP100,000 into equity at a price of GBP0.0138 per share. On 29 December 2011, the board also agreed to settle outstanding invoices by Noble Rock by offsetting those amounts owed to Noble Rock with the amounts owed by Noble Rock for the partially paid up shares issued on 23 December 2011.

Following the conversion of the convertible loan note, the placing and the debt settlement the Company has issued 30,550,000 new ordinary shares of CHF0.02 each. Following this issue of shares, the total number of shares in issue is 241,973,718.

The new shares will participate in the share split and capital reorganization announced on 21 December 2011. The share split of 1 for 10 is expected to become effective on the 2 January 2012 and will result in a total number of 2,419,737,180 ordinary shares of CHF 0.002 each being in issue.

Application has been made for the increased share number of 2,419,737,180 ordinary shares of CHF 0.002 to be admitted to trading on AIM and it is expected that admission will take place on 5 January 2012.

Directors' Dealings

The shares issued to settle outstanding invoices were issues to entities controlled by Bruce Vandenberg, CEO of the Company, for services rendered by Mr. Vandenberg. Accordingly, following the issue of shares, Bruce Vandenberg, either directly or indirectly holds a total of 19,570,699 ordinary shares, representing 8.09% of the Company's issued share capital.

For further information:

Global Brands S.A.

Simon Bentley, Chairman Tel: [phone]

Bruce Vandenberg, CEO www.globalbrands.ch

Libertas Capital

Thilo Hoffmann Tel: [phone]

Sandy Jamieson www.libertascapitalpartners.com

Alexander David Securities Ltd

Bill Sharp Tel: [phone]

Fiona Kinghorn Tel: [phone]

www.ad-securities.com

FTI Consulting

Jonathon Brill Tel: [phone]

   Caroline Stewart                                                                        www.fti.com 

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOELBLFXFLFFFBD