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DJ Globe Capital Limited Trading Statement Update Q1 2016

 
TIDMGCAP 
 
30 June 2016 
 
                            Globe Capital Limited 
 
                      ("Globe Capital" or "the Company") 
 
                       Trading Statement Update Q1 2016 
 
Globe Capital is pleased to publish a trading statement for the first quarter 
ending 31 March 2016. 
 
Key Highlights: 
 
  * Raised GBP100,500 in new equity 
 
  * First investment in Sterling Craig 
 
  * Realigned investment focus towards the retail sector and menwear. 
 
Review of Business and Key Developments: 
 
During the period under review, the Company has kept costs at a minimum level 
with operating expenses for the period at GBP57,000. Net assets amounted to GBP 
14,000 with cash of GBP19,000. 
 
In January 2016, the Company raised GBP100,500 in new equity with proceeds used 
to support the Company's working capital requirements. 
 
The Company has realigned its investment focus towards the retail sector with a 
particular emphasis on menswear. In line with the new investment focus, the 
Company acquired a 25% stake in Sterling Craig Ltd for GBP12,500 in cash. 
Sterling Craig is an online retailer and provides an opportunity for the 
Company to enter the men's retail fashion business. 
 
In January 2016, Wong Xinyan left the Company while I was appointed your 
Chairman. 
 
The Directors are presently reviewing a number of investment opportunities and 
expects to raise additional funds in the near future to support working capital 
requirements and investment plans. 
 
Chairman 
David Barnett 
 
30 June 2016 
 
The directors of Globe Capital Ltd accept responsibility for this announcement. 
 
For further information: 
 
Globe Capital Limited 
Christopher Neo, Company Secretary 
+44 (0)20 3286 6388 
http://www.globecapitalltd.com/ 
 
ISDX CORPORATE ADVISER: 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Institutional Sales 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
 
49 Queen Victoria Street, London EC4N 4SA 
 
 
 
END 
 

(END) Dow Jones Newswires

June 30, 2016 12:19 ET (16:19 GMT)