Issued by Arcay Financial Communications for Global Technology
Johannesburg, 17 May 2002
JSE-listed Global Technology Limited today announced that its rights offer had been oversubscribed by 24%. A total of 24 644 234 ordinary shares were offered at an issue price of 80c per share.
Ray Leonard, chairman of Global Technology, commented: "It is pleasing to see that we had an oversubscription of just over seven million shares. This reaffirms the support of our shareholders."
Global Technology is the leading supplier of software solutions to the banking, insurance and financial communities in Africa and Australasia.
For further information on Global Technology, visit www.glotec.com.
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