RNS Number : 7279Q
Globo plc
17 October 2013


 For immediate release

 17 October 2013


Not for publication or distribution directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, the Republic of South Africa, the Republic of Ireland, Japan or New zealand or in any other jurisdiction in which offers or sales would be prohibited by applicable law.

This announcement is not an offer to sell or a solicitation to buy securities in any jurisdiction, including the United States, Canada, Australia, the Republic of South Africa, the Republic of Ireland, Japan or New Zealand. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.



Globo plc

("Globo" or "the Company")


Completion of Placing


Globo (LSE-AIM: GBO), the international leader and technology innovator delivering enterprise mobility management and telecom software products and solutions, is today pleased to announce the successful completion of the placing of 33,880,800 ordinary shares in the Company (the "Placing") as announced on 16 October 2013, raising gross proceeds of approximately £24 million (€28 million). All of the 33,880,800 Placing Shares, with an issue price of 71 pence per share (the "Placing Price"), have been placed with new and existing institutional shareholders.


The Placing attracted strong institutional demand from investors in the UK, Europe and North America. The net proceeds of the Placing will be deployed by management to accelerate the roll out of GO!Enterprise in the US and Western Europe (including supporting and maximising the potential of the recently acquired Notify Technology platform) and to expand the Mobility Business Solutions division organically and with small bolt-on acquisitions.


The Placing Shares represent approximately 10.0% of the Company's issued share capital prior to the Placing. The Placing is conditional on admission of the Placing Shares to trading on AIM ("Admission"), which is expected to take place at 8.00 a.m. on Tuesday 22 October 2013.


The Placing Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of Globo, including the right to receive all dividends and other distributions declared or paid thereon following Admission.  Following Admission, Globo will have 373,689,061 ordinary shares of 1 pence each in issue.


Three Globo directors have also placed 1 million existing shares to institutional investors at the Placing Price, and details of their shareholdings in the Company following completion of the Placing are set out in the table below:



Number of Existing Shares Sold:

Shareholding in the Company after the Placing:

% of enlarged issued share capital after Placing:

Gavin Burnell




Gerasimos Bonanos




Dimitrios Gryparis





Costis Papadimitrakopoulos, Chief Executive Officer commented:


"We are delighted with the strong support for the placing from both existing and new shareholders.  Globo now has the financial resources to implement the next stage in our strategy to become a global leader in enterprise and consumer mobility.  Following the recent acquisition of Notify Technology, GO!Enterprise is the enterprise mobility market's most complete solution incorporating mobile device management, secure container technology and a cross mobile platform application development environment to build, distribute and manage apps.  This places Globo in an excellent competitive position and we can now take full advantage of the opportunity we have to generate substantial value for shareholders."


The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States.




For further details, please contact:

Globo plc

Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
Mike Jeremy, IRO

+44 20-7378-8828

RBC Capital Markets

(Nominated Adviser & Broker)

Stephen Foss, Pierre Schreuder or Daniel Conti

+44 20-7653-4000

Bankside Consultants

Simon Bloomfield or Fiona Scholes

+44 20-7367-8888



This Announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by  RBC Europe Limited  or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.


RBC Europe Limited (trading as 'RBC Capital Markets') which is authorised and regulated in the United Kingdom by the FCA, is acting for the Company and for no-one else in connection with the Bookbuild and the Placing and will not be responsible to any person other than the Company for providing the protections afforded to its clients or for providing advice to any other person in relation to the Placing or any other matter referred to in this Announcement.



This information is provided by RNS
The company news service from the London Stock Exchange