SARASOTA, FL -- (Marketwire) -- 12/20/11 -- Global Technologies Group, Inc. (PINKSHEETS: GTGP) (Global) The company has received numerous calls about the record date and the what that means in terms of a cutoff date for holders of our shares, especially the fact that there is usually a three day clearing on trades made on Friday at close of business the 23rd of December. As we stated, Global will issue the dividend on a share for share basis to all the shareholders of record as of close of business on December 24, 2011. For each share of Global held as of the record date, shareholders will receive one share of Global Technology Holdings, Inc ., a company that was formed specifically for the purpose of acquisitions.
Global has ordered the NOBO lists of all shareholders as well as the shareholders list from its transfer agent Pacific Stock Transfer for the effective date of December 24, 2011. We will, if necessary, request an additional NOBO and transfer agent report on Thursday the 29th of December to make sure that shareholders that purchased by close of business on the 23rd will be counted for the dividend in the event the NOBO list does not show the holders who have purchased by the 23rd. Upon receipt, Global will file the appropriate forms with Finra outlining the terms of the dividend distribution. The shares will be sent directly to shareholders of record. There will be no ex-dividend date as the shares are coming directly from the private company as per agreement between our company and Global Technology Holdings, Inc. which means there is no comparison to cash dividends, quarterly dividends or timeframes for a distribution directly from a public company.
Should any shareholder have any additional questions regarding the above, please email with questions and I will get back to you within a day or two, with the exception of Christmas.
We at Global would like to wish all a Happy Holiday and a very Merry Christmas.
Contact
James Fallacaro
Email Contact
WWW.GLBTECH.COM
