29 March 2016
Globe Capital Ltd
(“Globe Capital” or the “Company”)
Acquisition Globe Capital Administration and 25% stake in Sterling Craig
The Company is also delighted to announce that, it has acquired the entire issued share capital of Globe Capital Administration Ltd for a total consideration of £1,250.
Acquisition of stake
Globe Capital is pleased to announce that, in line with its investing Strategy, the Company has purchased a 25% stake in Sterling Craig Ltd (“Sterling Craig”).
Sterling Craig is an online retailer and will provide an opportunity to enter the men's retail fashion business.
The purchase price is £12,500 which will be settled in cash.
The Directors of Globe Capital Limited accept responsibility for this announcement.
For further information:
Globe Capital Limited
Christopher Neo, Company Secretary
+44 (0)20 3286 6388
ISDX CORPORATE ADVISER:
Alexander David Securities Limited
David Scott – Chief Executive
James Dewhurst – Institutional Sales
Telephone: +44 (0) 20 7448 9820
49 Queen Victoria Street, London EC4N 4SA