The deadline for the share purchase agreement by EIP of the entire shareholding held by BAI in GlobalCapital has expired.

EIP was, however, still intent on acquiring a shareholding in the company and wanted to inject up to €15 million.

The auditors had pointed out in the company's latest financial report that the future of the company as a going concern was dependent on the injection of capital.

In a company announcement today, GlobalCapital said that given the other options available the adoption of the going concern basis in remained appropriate.

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