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GoGlobal Properties Limited – Results of EGM & Further Cautionary Announcement
HAMILTON, Bermuda – 17 March, 2014 – In a filing with the Bermuda Stock Exchange, GoGlobal Properties Limited (“GoGlobal”; Ticker: GGB.BH) issued a market announcement for the information of shareholders and investors. The Filing stated:
“RESULTS OF GENERAL MEETING AND FURTHER CAUTIONARY ANNOUNCEMENT
Introduction
Shareholders are referred to the announcement published by the company dated 18 February 2014 regarding GoGlobal’s acquisition of the entire issued share capital of APF1 Limited (“APF1”), a wholly owned subsidiary of ApexHi Property Fund Limited (“ApexHi”). The total purchase price payable by GoGlobal in respect of the acquisition is £17,034,603. The consideration will be settled through the issue of 15,486,003 GoGlobal shares (“the consideration shares”) at an issue price of £1.10 per share to ApexHi, the vendor of the shares in APF1.
Results of extraordinary general meeting
Shareholders are advised that all resolutions, including those for the issue of the consideration shares, proposed at the extraordinary general meeting of the company’s shareholders, held today at Suite 1, Block F, Hirzel Court, St Peter Port, Guernsey, GY1 2NN, were approved by the requisite majority of shareholders.
Application will be made to the BSX and the JSE for the listing of the consideration shares in the near future. The listing of the consideration shares on the respective exchanges remains conditional upon the approval of each respective exchange.
Further cautionary
Shareholders are referred to the cautionary announcement published by the company dated 30 April 2013 and are advised that GoGlobal is in discussions with parties for the acquisition of properties in Germany.
Accordingly, shareholders are advised to continue to exercise caution when dealing in their GoGlobal shares until a further announcement is made.”
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GoGlobal has a primary listing on the Bermuda Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Limited.
For Further Information visit http://www.goglobalproperties.net or Contact the BSX Listing Sponsor:
Global Custody and Clearing Limited. Bermuda
Attn: Mr. Grant Hopkins
Tel: (441) 294-7039
E-mail: grant.hopkins@lom.com
JSE Listing Sponsor is Java Capital