Update, Exercise of Warrants & Issue of Equity (7850E)
April 12 2011 - 11:12AM
UK Regulatory
TIDMGBR
RNS Number : 7850E
Global Brands S.A.
12 April 2011
12 April 2011
Global Brands S.A. ("Global Brands" or "the Company")
Trading Update, Exercise of Warrants and Issue of Equity
Global Brands S.A., an international business developing branded
food operations in Europe, including being the master franchise
owner for Domino's Pizza in Switzerland, Luxembourg and
Liechtenstein, is pleased to announce a trading update for the
first quarter ended 31 March 2011.
The Company has continued to show steady growth during the
quarter with total sales increasing 15.5% to CHF 3.65m (2010: CHF
3.16 m) and like-for-like sales increasing by 10.0% (2010:
4.1%).
In addition, the Company announces the issue of new shares
following the exercise of warrants by Alexander David Securities
Limited. As a result the Company has issued 1,070,777 ordinary
shares of CHF 0.02 at a price of GBP 0.018 per share and a further
184,000 ordinary shares of CHF 0.02 at a price of GBP 0.0275 per
share. Accordingly, application has been made for the 1,254,777 new
ordinary shares to be admitted to trading on AIM and it is expected
that admission will take place on 15 April 2011.
Following the issue of new shares, the total number of shares in
issue is 204,173,718.
Bruce Vandenberg, CEO said:
"I am pleased to report trading for the first quarter of this
year. Despite being up against stronger comparables this year,
following the excellent progress made during 2010, we managed to
achieve significant growth of 10% on a like for like basis and
15.5% overall. I am confident that we can continue to deliver
strong growth through both our corporate stores and our new
sub-franchisees. The works to convert the stores are progressing
well and we look forward to opening them under the Domino's Pizza
umbrella in the near future."
For further information:
Global Brands S.A.
Simon Bentley, Chairman Tel: (0) 20 7317 8022
www.globalbrands.ch
Libertas Capital Tel: (0) 20 7569 9650
Thilo Hoffmann www.libertascapitalpartners.com
Alexander David Securities Ltd
Bill Sharp Tel: (0) 20 7448 9820
Fiona Kinghorn Tel: (0) 20 7448 9832
www.ad-securities.com
Financial Dynamics
Jonathon Brill Tel: (0) 20 7831 3113
Caroline Stewart www.fd.com
Notes to Editors:
Global Brands is a public company incorporated under the laws of
Luxembourg and established in 1999. The company has been admitted
to trading on the AIM of the London Stock Exchange since 2005.
The Company is the owner and operator of the exclusive master
franchise of Domino's Pizza in Switzerland, Luxembourg and
Liechtenstein. Domino's Pizza is the world's leading pizza delivery
brand, with over 9,300 franchised and Company-owned stores across
65 international markets.
Global Brands SA's stated strategy is to add additional
international brands to its portfolio.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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