Following the strategic review that we announced on 9th September 2024, the Board and Management of Global InterConnection Group Limited (the Company) have explored the impact on the business and shareholders of delisting and how this would be achieved. The Company has now received a potential offer from Global InterConnection Group SA the wholly-owned subsidiary of the Company, such potential offer to be financed by Disruptive Capital XI LP. If successfully consummated, this would result in the de-listing of the Company’s shares from Euronext Amsterdam.
Global InterConnection Group SA is the Swiss intermediate holding company of ASC Energy plc and Advanced Cables plc. The independent directors of the Company are in the process of clarifying and evaluating this potential offer. There is no certainty that it will lead to a recommended firm offer for the Company.
It is our firm intention to ensure any action delivers appropriate and fair treatment for all shareholders.
In recognition of their fiduciary duties to shareholders and to all other stakeholders of the Company, the independent directors would continue to welcome any alternative offers that may be made.
Read the complete statement below.