Israeli Company Global Brands Accepts Issue Offer from London AIM Stock Exchange

Globes has learned that Global Brands, a company owned by Moldawsky Investments, accepted an offer from AIM, London’s second stock exchange, to issue its shares to the public. It also emerges that the companies Bramley Industries, from the Bram Group, and IDC Industrial Development have accepted issue offers from the Dutch stock exchange Ofex (London’s alternative capital market). The companies had been reported to be considering stock offers, but following a meeting between Israeli high-tech companies and representatives of the London stock exchange, three concrete stock offers have now been accepted.

It has been learned that IDC has already begun the stock offer process in Ofex. Bramley has not yet decided whether to move forward, and is still considering the proposal. Alongside the private stock offer, Global Brands has also received a proposal to recruit private investors who are members of the private investors club of MG Investment Bank. The company has not yet decided which alternative to select.

Growth Begins
Global Brands, from the Israeli Moldawsky Group, is registered in Luxembourg and owns the Domino’s Pizza chain in Luxembourg, Switzerland and Liechtenstein.

The company recently moved into a growth phase and the risk level fell. The cash flow of Global Brands is now balanced after it reached an outlay of six shops. The company anticipates annual income totaling 33 million Swiss francs and EBITDA in excess of 2.9 million Swiss francs.

January 30, 2005, Globes