Global Auto-Trade Group PLC
Global Auto-Trade Group PLC: Fund Raise, Debt Conversion and Issue of Equity
Global Auto-Trade Group PLC / Key word(s): Miscellaneous Global Auto-Trade Group PLC – Fund Raise, Debt Conversion and Issue of Equity Global Auto-Trade Group PLC – GATG Fund Raise, July 11, 2014 1. The Board of Directors of Global Auto-Trade Group PLC is pleased to announce that it has raised GBP 57,900.00 by way of a subscription for 289,500 new ordinary shares of no par value in the Company at a price of GBP 0.20 per share. The funds raised will be used to increase working capital of the company and to reduce the current credit burden. 2. The Board of Directors of Global Auto-Trade Group PLC is further pleased to announce 1,400,000 new ordinary shares of no par value have been issued at a price of EUR 0.25 per share for the conversion of outstanding debt. 3. The Board of Directors of Global Auto-Trade Group PLC is finally pleased to announce that on June 19, 2014 the Company has issued 600,000 preferred shares following the implementation of Company’s Directors bonus programme approved by the shareholders of the company at the extraordinary general meeting held on March 24, 2014. Following the above share issue the Company has a total of 48,698,500 shares issued and outstanding divided into 48,089,500 ordinary shares and 600,000 preferred shares in issue. The Directors’ direct and indirect participating holdings now decreased from 89.96% to 86.96% of all shares issued and outstanding. The Directors of the Company accept responsibility for this announcement. Further information: Global Auto-trade Group PLC Swiss International Finance Group AG Antonina Dubogray End of Corporate News 11.07.2014 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Global Auto-Trade Group PLC | |
12 Mount Havelock | ||
IM1 2QG Douglas | ||
Isle of Man | ||
Phone: | +44 (0)1624 618444 | |
Fax: | +44 (0)1624 618555 | |
E-mail: | ir@globalautotg.com | |
Internet: | www.globalautotg.com | |
ISIN: | IM00B6R6T382 | |
Listed: | Foreign Exchange(s) GXG | |
End of News | EquityStory.RS, LLC News-Service |
277633 11.07.2014 |