Global Wealth Group PLC (GWG) has announced a strategic agreement with Vergina Cyprus TV LTD and its shareholders as part of its ongoing initiative to expand its investment portfolio. The agreement includes a provision for GWG to offer short-term financing in the form of a convertible loan to Vergina to cover its working capital requirements, illustrating the company's intent to play a supportive role in Vergina's operational sustainability.

A significant aspect of the agreement is the inclusion of a call option, which grants GWG the exclusive right to acquire shares of Vergina's issued capital within a defined timeframe. This move is reflective of GWG's strategy to strengthen its stake in the media sector and positions it for potential growth in this area. The agreement sets the stage for an investment that could lead to a more substantial engagement with Vergina, further aligning with GWG's broader investment objectives in the region.

In terms of financial specifics, if GWG decides to exercise the call option, the total price will be met through a combination of cash and the issuance of new GWG shares. Additionally, GWG retains the right to convert the loan amount into Vergina shares, providing it with considerable leverage in its investment strategy. The completion of the acquisition is contingent on due diligence, indicating that GWG is taking necessary precautions to evaluate the transaction thoroughly before finalizing it.