20th May 2015 15:31
LONDON (Alliance News) - Investment company Global Brands SA said Wednesday it is not aware of any reason for a share increase in its share price, but said it is convening an extraordinary general meeting to vote on becoming an investment company and changing its name to Infinity Energy SA.
The company is convening a meeting June 1 to vote on a number of proposals, including removing and changing the corporate objective of its company to make it an investment company under AIM rules, focusing on oil and gas and on gas services.
Shares in the company are trading up 58% at 0.166 pence near the close Wednesday. They had spiked as high as 0.25p just prior.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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