GLOBE CAPITAL LIMITED - Acquisition of GC Admin and 25% stake in Sterling Craig PR Newswire

29 March 2016

Globe Capital Ltd
(“Globe Capital” or the “Company”)

Acquisition Globe Capital Administration and 25% stake in Sterling Craig

Acquisition

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
http://www.ad-securities.com
49 Queen Victoria Street, London EC4N 4SA