Globalwealth Group Plc Proposes Cancelling 37,386 Treasury Shares and Reviewing Share Option Scheme

Nicosia, Cyprus. Globalwealth Group Plc has proposed lowering its issued share capital by €37.386 after cancelling 37,386 treasury shares. Shareholders will consider the plan, together with a proposal to appoint 3 independent consultants to examine the employee share option scheme, at an extraordinary general meeting in Nicosia on November 18, 2026.

Share capital reduction

The reduction would bring the issued share capital down from €105,436.963 to €105,399.577. The capital is currently divided into 105,436,963 ordinary shares and would then comprise 105,399,577 ordinary shares, each with a nominal value of €0.001.

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The cancellation applies to 37,386 treasury shares. The statutory maximum period of 2 years, during which the company was allowed to hold them, has expired, and the resolution states that their disposal had been excluded.

Both the cancellation and the resulting reduction in issued share capital are to be treated as special resolutions under the Companies Law and the company’s articles of association. The authorised share capital will not change and stays at €500,000, divided into 500 million ordinary shares with a nominal value of €0.001 each.

Meeting details

The extraordinary general meeting will start at 9am on November 18 at the company’s offices at 43 Agion Omologiton Avenue, 1080 Nicosia.

Review of the employee share option scheme

Shareholders will be asked to approve, by ordinary resolution, the appointment of 3 independent consultants: Ekkeshis Ierodiakonou Ltd, DMK Accountants Ltd and Highworth (Cyprus) Ltd.

The consultants would assess the scheme in all its aspects and give the board of directors a written report with their findings and any recommendations they see fit, including on possible implementation, amendment or postponement.

The board would be authorised to agree the terms of engagement and the remuneration of the consultants, to consider their report, to take any further action it considers appropriate within its powers, and to sign the necessary documents.

General authorisations

Shareholders will also be asked to approve general resolutions allowing the board to execute and deliver documents and certificates on behalf of the company. These would also cover the registrations, entries and filings needed to put the decisions into effect.