Global Technologies Group, Inc. Clarifies Issuance of Dividends
December 20 2011 - 2:21PM
Marketwired
Global Technologies Group, Inc. (PINKSHEETS: GTGP) (Global) The
company has received numerous calls about the record date and the
what that means in terms of a cutoff date for holders of our
shares, especially the fact that there is usually a three day
clearing on trades made on Friday at close of business the 23rd of
December. As we stated, Global will issue the dividend on a share
for share basis to all the shareholders of record as of close of
business on December 24, 2011. For each share of Global held as of
the record date, shareholders will receive one share of
Global Technology Holdings, Inc., a company that was
formed specifically for the purpose of acquisitions.
Global has ordered the NOBO lists of all shareholders as well as
the shareholders list from its transfer agent Pacific Stock
Transfer for the effective date of December 24, 2011. We will, if
necessary, request an additional NOBO and transfer agent report on
Thursday the 29th of December to make sure that shareholders that
purchased by close of business on the 23rd will be counted for the
dividend in the event the NOBO list does not show the holders who
have purchased by the 23rd. Upon receipt, Global will file the
appropriate forms with Finra outlining the terms of the dividend
distribution. The shares will be sent directly to shareholders of
record. There will be no ex-dividend date as the shares are coming
directly from the private company as per agreement between our
company and Global Technology Holdings, Inc. which means there is
no comparison to cash dividends, quarterly dividends or timeframes
for a distribution directly from a public company.
Should any shareholder have any additional questions regarding
the above, please email with questions and I will get back to you
within a day or two, with the exception of Christmas.
We at Global would like to wish all a Happy Holiday and a very
Merry Christmas.
James Fallacaro President
Global Technologies Group, Inc. (GLOBAL) is a company that is in
the business of acquiring exclusive licenses and distribution and
reseller contracts on proven technologies in the environmental,
green and war fighter industries. The criteria for the licensing or
distribution agreements of the technologies are: they must be
proven, validated and in use. The business plan of Global is to
sublicense the technologies it acquires to companies in Countries
covered under the original license grants and for its own use. For
our exclusive distribution and reseller agreements, we partner with
appropriate representatives in the covered countries for resale of
turn key projects.
Contact James Fallacaro Email Contact 941-685-1616
WWW.GLBTECH.COM
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