Geo Global Group Limited / Ticker: GEOP / Market: ISDX.
Geo Global Group Limited ('Geo Global' or 'the Company')
Issue of shares
London- May 28, 2015.
The company announces that it has issued 10 million of its Common Stock shares to Algaeron Ltd, a company controlled by the principal of Geo Global Group Ltd's main shareholder: Ivory Mint Holdings Corp. in exchange of forgiveness of a debt of British Pounds 60,750 stemming from advances made to the Company from December 10, 2014 to date.
Additionally the Company has issued on account of compensation for services rendered: 35 million shares to its CEO, Roger Bendelac, 35 million shares to its COO, Philip R.H. Connor III, 20 million shares to Senior Advisor, Thomas W. Capellini and 10 million shares to Marc S. Koplik, its Chairman.
The Board has eliminated from any further renewal 4.4 million options and thus eliminated all options held by management and the directors. The Directors and officers have renounced all payments owed to them on account of past services and past compensation but are not preempted from future compensation.
The total voting shares will increase from a current number of 787,203,192 to 897 203 192 shares. The Board of the Company has also voted a resolution to increase the authorized capital to 5 billion common shares.
As a result of these new issuances the directors' holding are now as follows:
| Number of shares | % of issued shares | |
| Roger Bendelac | 44,365,000 | 4.9% |
| Philip R.H. Connor III | 45,055,000 | 5.9% |
| Marc S. Koplik | 13,362,500 | 1.5% |
The shares beneficially owned by Mr. Irving Aronson, beneficial owner of Ivory Mint Corp and Algaeron Ltd amount to 410 million shares or 45.7% of the outstanding shares.
The directors of Geo Global Group Limited accept responsibility for this announcement.
Enquiries:
Geo Global Group Limited
CEO
Roger Bendelac Tel: +1 (646) 643 03 75
Keith Bayley Rogers & Co. Limited
Hugh Oram
Tel: +44 207 464 4090