4GLOBAL inks new contracts with Mace amid related party scrutiny

LONDON - 4GLOBAL plc (AIM: 4GBL), a data and technology provider for the sports and wellness sector, announced today the signing of two new agreements with Mace Limited and Mace Consultancy (Peru) S.A.C, collectively referred to as "MACE". This move comes as an extension of a joint venture in which 4GLOBAL has been involved since 2021, working with the Peruvian government on a national infrastructure plan.

The agreements, which cover the fourth and fifth phases of the project with the National Authority of Infrastructure in Peru, carry a combined value of approximately £772,000. Phase 4, spanning May to September 2024, is valued at around £120,000, while the more extensive Phase 5, from October 2024 to December 2027, is worth approximately £652,000. These contracts have been signed retrospectively to update standalone contracts for the said phases, maintaining the same commercial terms as the original ones.

Payments under these contracts are structured with invoices raised at the end of each month, based on agreed rates and approved timesheets, with a 30-day payment term. 4GLOBAL confirms that all invoices related to the project have been settled to date with no outstanding amounts.

The transaction has drawn attention as a related party transaction under the AIM Rules for Companies due to Davendra Dabasia’s dual roles. Dabasia, a member of the Mace Executive Board and COO of Mace Consult Limited, served on the 4GLOBAL board from April 2024 until March 31, 2025. In light of this, the transaction was reviewed by SPARK Advisory Partners Limited, and the independent directors of 4GLOBAL have deemed the terms of the new agreements as fair and reasonable for shareholders.

4GLOBAL, recognized for its extensive sport participation and facility database, continues to provide data-driven insights and predictive modelling to a global clientele, including governments and sports organizations. The company, founded in 2002 and listed on AIM in 2021, operates from its headquarters in London with additional offices in Miami and Istanbul.

This news is based on a press release statement and provides an update on 4GLOBAL’s ongoing business ventures and related party transactions.

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