GlobalCapital p.l.c announced that Mr. Nicholas Ashford-Hodges has resigned from the post of deputy chairman and director of the company, with immediate effect. Mr. Ashford-Hodges will also be stepping down from the post of chairman and director of the company's subsidiaries, with immediate effect. In terms of Article 80 (1) (b) of the Articles of Association of the company, the board of directors unanimously resolved, subject to regulatory clearance, to appoint Mr. Moussa Ibrahim Rawat of Appt B2, Mount Ory Riverside App, Le Ravin, Moka, Mauritius, as non executive director of the company with immediate effect.

Mr. Rawat is the chairman of Bramer Corporation Limited.