REG - 4GLOBAL PLC - Related Party Transaction

4GlobalAnnouncement

04/04/2025 15:15

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RNS Number : 7765D  4GLOBAL PLC  04 April 2025

 

4 April 2025

 

4GLOBAL plc

("4GLOBAL" or the "Group")

 

       Related Party Transaction

 

4GLOBAL (AIM: 4GBL), a provider of data and technology for sports, fitness and
wellness organisations to optimise operational and investment decisions,
announces that it has today entered into two agreements with Mace Limited and
Mace Consultancy (Peru) S.A.C (together "MACE") (New "MACE Agreements").

 

Background

 

Since 2021, 4GLOBAL has been a consultant as part of joint venture as a
sub-contractor of MACE and other parties in the delivery of the implementation
process of the comprehensive plan for national authority of infrastructure
("ANIN") with the government of Peru (as previously referred to in
notifications of 13 December 2021 and 16 October 2024). These agreements
covered 5 Phases.

 

Although the work for the Phase 4 and the beginning of Phase 5 were previously
carried out under the terms of the previous contract signed in January 2024
(Phase 3), MACE has retrospectively required that updated standalone contracts
are signed in respect of Phase 4 and Phase 5. These Agreements (Phase 4 : with
a contract value of c£120k for the period May 2024 to September 2024) and
Phase 5 (with a contract value of c£652k for the period October 2024 to
December 2027) have been undertaken on the same commercial terms as the
original agreements.

 

Under the terms of the original agreements with Mace and the New Mace
Agreements, invoices are raised at the month end in line with agreed rates and
approved timesheets, with payment due within 30 days. To date all invoices in
relation to the project have been settled and there are no outstanding amounts
due in relation to any of the Phases.

 

Related Party Transaction

 

Davendra Dabasia, who serves on the Mace Executive Board and is COO of Mace
Consult Limited, sat on  the 4GLOBAL board from April 2024 until 31 March
2025.

 

The Company entering into the MACE Agreements has been treated as a related
party transaction under the AIM Rules for Companies. Having consulted with
SPARK Advisory Partners Limited, the Independent Directors  consider that the
terms of the MACE Agreements are fair and reasonable insofar as Shareholders
are concerned.

 

For further information contact:

 

 

   4GLOBAL                                        via Alma
   Eloy Mazon (CEO)

   Stuart Wooller (Group Finance Director)

   Spark Advisory Partners (Nominated Adviser)    +44 (0)20 3368 3554
   Neil Baldwin

   Canaccord Genuity (Broker)                     +44 (0)20 7523 8000
   Bobbie Hilliam

   Alma Strategic Communications                  +44 (0)20 3405 0205
   Rebecca Sanders-Hewett                         4global@almastrategic.com (mailto:4global@almastrategic.com)

   David Ison
   Louisa El-Ahwal

   Josh Royston

   Will Ellis Hancock

 

About 4GLOBAL

 

4GLOBAL empowers sports, fitness and wellness organisations to make faster,
smarter decisions about their operations, customers and investments through
data and actionable insights.

 

It operates the largest sport participation and facility database in the
world, with more than 4 billion data points.

 

Sourcing data from health & fitness operators, community programmes and
other structured activities through its DataHub while drawing on information
from GPS location updates and wearable devices, 4GLOBAL's unique combination
of data assets provides a holistic view of physical activity patterns.

 

4GLOBAL is at the forefront of predictive modelling and advanced analytics,
with the insights it generates empowering customers to drive efficiencies,
improve customer relationships and make more informed strategic decisions.

 

Its customers span both the public and private sectors, including central and
local governments, cities, sporting bodies, trade associations, health &
fitness operators and sports clubs.

 

Key markets include North America, the Middle East and Europe. Its
headquarters are in London with offices in Miami and Istanbul.

4GLOBAL was founded in 2002 and listed on AIM in 2021 under the ticker 4GBL.

 

 

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