TestaferrataStreet,Ta’XbiexXBX1403,Malta
tel:(+356)21342342-fax:(+356)21333100
email:[email protected]
www.globalcapital.com.mt
COMPANYANNOUNCEMENT
ThefollowingisaCompanyAnnouncementissuedbyGlobalCapitalplc(“theCompany”)in
termsofListingRulesoftheMaltaFinancialServicesAuthority
Quote
The Company announces that it shall hold an Extraordinary General Meeting of
shareholders(“EGM”)onFriday23June2017at09:30a.m.
TheEGMwillbeheldatTheXaraLogde,Sqaqtac-Cawla,Triqil-Belt,limitsofRabat
RBT5320,Malta.
ThefollowingresolutionswillbepresentedfortheconsiderationoftheshareholdersattheExtraordinaryGeneralMeeting:
Resolution1(OrdinaryResolution)
1. “To approve the Long-Term Incentive Plan set out in Appendix A hereto (the
“Plan”)andtoauthoriseanypersonwhoisanexecutiveofficeroranexecutivedirector of any “Group Company” (as such term is term is defined in the Plan) (the
“Executive”), who is required to devote substantially the whole of his time to his
dutiesunderacontractofemployment,tobeeligibleforthegrantoftherightto
subscribe for or acquire ordinary shares in the Company in accordance with and
subjecttotherulesofthePlan”.
Resolution2(ExtraordinaryResolution)
2.“Thataccumulatedlossesof€16,970,641fromthetotalaccumulatedlossesof
theCompanyamountingto€30,417,321asat31December2016beosetagainst
theamountof€16,970,641standingtothecreditoftheCompany’ssharepremium
accountasatthesaiddate,andthataccordinglythesharepremiumaccountofthe
Companybereducedbytheamountof€16,970,641.”
GlobalCapitalFinancialManagementLimitedarelicensedtoprovideinvestmentservicesinMaltabytheMaltaFinancialServicesAuthority(MFSA).
GlobalCapitalLifeInsuranceLimitedisauthorizedtotransactLongTermInsuranceBusinessandisregulatedbytheMFSA.
GlobalCapitalHealthInsuranceAgencyLimitedactsasaninsuranceagentandisregulatedbytheMFSA.
CompanyRegistrationno.C19526
Resolution3(ExtraordinaryResolution)
3.“TodeletethecurrenttextofClause6.1.oftheMemorandumofAssociationof
theCompanyandreplaceitbythefollowingtextsothatClause6.1.willread:
6.1.TheAuthorisedShareCapitaloftheCompanyisfifty-eightmilliontwohundred
and thirty-four thousand and four hundred Euro (€58,234,400) divided into two
hundredmillion(200,000,000)ordinarysharesof€0.291172each.”
Resolution4(ExtraordinaryResolution)
4.“TodeletethecurrenttextofClause7.1.oftheMemorandumofAssociationof
theCompanyandreplaceitbythefollowingtextsothatClause7.1.willreadasfollows:
7.1. The Board of Directors of the Company (hereinafter referred to as the “Directors”)shallconsistofnotlessthantwo(2)andnotmorethannine(9)Directorswho
shallbeappointedorotherwiseelectedinaccordancewiththeArticlesofAssociationoftheCompany.”
ThegeneralnatureofthebusinesstobeconsideredattheEGMandtheeffectand
scopeoftheproposedresolutionswillbesetoutintheCircular,whichwillbeenclosedwiththenoticeofthemeetingthatwillbesenttoalltheshareholdersasat
theRecordDate.ThePlanwillalsobecirculatedtotheshareholders.Moreover,the
notice, the Plan and the Circular will be made available on the corporate website
www.globalcapital.com.mt.
TheRecordDateis24May2017.
Unquote
ByorderoftheBoard
24May2017