In an announcement issued today, the Malta Financial Services Authority said: The major shareholder in ClobalCapital plc, BAI Co (Mtius) Ltd, which is the owner of 48.45% of the issued share capital of GlobalCapital plc, has been put under the control of conservators by the authorities in Mauritius.
The Listing Authority has decided as a consequence, to suspend the listing and trading of the following securities of GlobalCapital plc.: [i] MT000017O1O1 GlobalCapital p.l.c. - Ordinary Shares; and [ii] MT0000073412 - 5.6% GlobalCapital plc € Bonds 2014/16; until such time that it is able to make a judgement on the effect that the position of BAI CO (Mtius) Ltd will have on the operations of GlobalCapital plc.
The suspensions referred to above are being taken to prevent any false market being created in the securities of GlobälCapital plc.
The suspension will be in effect for a period of 10 working days.
Further action, should this be necessary, will be communicated prior to the end of the suspension period, namely 4 May.