GLOBAL BRANDS S.A. - Statement re Share Price Movement and Notice of GM

PR Newswire
London, May 20

GLOBAL BRANDS S.A.

                      ("Global Brands" or the "Company")

                       Statement re share price movement

              Notice of Extraordinary and Annual General Meeting

The Board of Global Brands notes the sharp increase in the Company's share
price this morning. The Board is not aware of any reason for the price
movement.

The Company has sent notice to shareholders of an Extraordinary and Annual
General Meeting of the Company to be held on 1 June 2015 at 11.00 a.m. (CENTRAL
EUROPEAN TIME) at the Etude Notaire Me Grethen Léonie, 10 Avenue Guillaume,
L-1650 Luxembourg in respect of the Extraordinary General Meeting and at 1.00 p.m.
(CENTRAL EUROPEAN TIME) at the registered office 19, rue Eugene Ruppert, L-2453
Luxembourg in respect of the Annual General Meeting, in order to deliberate and
vote on the following:

          A. AGENDA - Extraordinary General Meeting (notarial deed):

 1. Convening formalities;

 2. To remove and change the corporate object of the Company article 4.1 of the
    Articles to; "The Company is an investing company as defined by the AIM
    Rules of the London Stock Exchange. The company has its business purpose,
    investment, operating in the commodities sector with an emphasis on oil and
    gas and gas services. Such investments include the provision of financing
    by way of farm-ins, earn-ins, loans, equity or other forms of financing and
    investments in and to companies in these sectors."

 3. To change the name of the Company into Infinity Energy S.A.;

 4. To authorize and empower the board of directors ("the Board of Directors")
    for a period of five (5) years from June 1, 2015 to realize any increase of
    the corporate capital within the limits of the authorized corporate capital
    in one or several successive tranches, by the issuance of new shares,
    against payment in cash or in kind, by conversion of claims or convertible
    securities, upon the exercise of warrants or stock options, incorporation
    of (distributable) reserves of the corporation or in any other manner, to
    determine the place and date of the issue or the successive issues, the
    issue price, the terms and conditions of the subscription of and paying up
    on the new shares; and to remove or limit the preferential subscription
    right of the shareholders in case of issue of shares against payment in
    cash;

 5. To fix the amount of the authorized share capital of the Company;

 6. Subsequent amendment of articles 1.1., 4.1., 5.2. and 5.4 of the articles
    of association of the Company ("the Articles") in order to reflect the
    authorization and empowerment of the Board of Directors; and

 7. Miscellaneous.

             B. AGENDA - Annual General Meeting (under private seal)

 1. Convening formalities;

 2. To receive and consider the report of the Board of Directors and the
    statutory annual accounts for the year ended 31 December 2014;

 3. To receive and consider the report of the independent auditor of the
    Company on the statutory annual accounts for the year ended 31 December
    2014;

 4. To approve and adopt the statutory annual accounts for the year ended 31
    December 2014;

 5. To consider and approve the appropriation of the 2014 results including any
    allocation to the share premium account;

 6. To consider and approve the continuation of the activities of the Company
    in accordance with article 100 of the law of 10 August 1915, as
    subsequently modified;

 7. To consider and approve the discharge to the directors for and in
    connection with their duties as directors of the Company during the
    financial year ended 31 December 2014;

 8. To consider and approve the re-election and renewal of the mandates and of
    the following persons as members of the Board of Directors:

Bruce Vandenberg

John Killer

 9. To consider and approve the ratification of the mandate of the following
    person as member of the Board of Directors:

Gerwyn Williams

10. To consider and approve the appointment of the following person as member
    of the Board of Directors:

Gary Neville

11. To give authority to the Remuneration Committee to fix the remuneration of
    the Directors;

12. To discharge to the independent auditor in connection with its duties
    during the financial year ended 31 December 2014;

13. To consider and accept the ending of the mandate of the independent
    auditor, PricewaterhouseCoopers S.à.r.l.;

14. To consider and approve the appointment of the following entity as
    independent auditor,

Baker Tilly Luxembourg Audit S.à r.l. with address at 37, rue de Scillas,
L-2529 Howald, Luxembourg

15. Authorise the Board of Directors to fix the remuneration of the independent
    auditor; and

16. Any other ordinary business which may be properly brought before the
    Meeting.

For further information, please contact:

Global Brands S.A.
Gerwyn Williams                         Tel: [phone]
Bruce Vandenberg                        Tel: [phone]

Nomad
Cairn Financial Advisers LLP
Sandy Jamieson                          Tel: [phone]
James Caithie

Broker
Alexander David Securities Ltd
David Scott                             Tel: [phone]
James Dewhurst                          Tel: [phone]