GlobalCapital issues new ordinary shares
GlobalCapital has been granted approval to list new ordinary shares by way of rights to shareholders on the register at the Central Security Depository of the Malta Stock Exchange.
The approval follows the company’s application for admissibility to listing of 16,792,452 new ordinary shares of a nominal value of 29c1172 each.
The offer period will be between March 16 and March 30 at noon in accordance with the ratio of 1.27 new ordinary shares for every one existing ordinary share.
Any lapsed rights from the rights issue will be offered in two stages.
Shareholders who accept their proportionate entitlement of new ordinary shares in full shall be entitled to apply for new ordinary shares in excess of their proportionate entitlement, on a pre-emptive basis.
In the event that any new ordinary shares remain unallocated following the close of the offer period, and if applicable, after the allotment of excess shares, the lapsed rights will be offered to financial intermediaries during an intermediaries offer.
The rights issue is conditional upon a minimum of ten million new ordinary shares being subscribed for. If subscribed to in full, the rights issue will raise a total net amount of...