£9.63m Placing – First AdmissionApril 27, 2012
FOR IMMEDIATE RELEASE
27 April 2012
(“Globo” or the “Company”)
PLACING TO RAISE £9.63M
ADMISSION TO TRADING ON AIM, FIRST TRANCHE OF PLACING SHARES
27 April 2012 – Globo Plc (LSE: GBO) the international IT, mobile solutions and SaaS provider, announced on 24 April 2012 that it had raised £9.63 million, before expenses by means of a placing (the “Placing”), with new and existing investors, of a total of 36,339,623new ordinary shares of 1 pence each (the “Ordinary Shares”) (the “Placing Shares”) at a price of 26.5 pence per new Ordinary Share.
Today, Globo announces that 14,092,132 of the Placing Shares (the “First Admission Shares”) have been allotted, issued and are being admitted to trading on AIM (“First Admission”). The First Admission Shares have been placed pursuant to the authorities granted to the Directors at the Company’s 2011 Annual General Meeting to allot new Ordinary Shares on a non-preemptive basis (the “Existing Authorities”).
First Admission occurs this morning at 8 a.m.
For the remaining 22,247,491 Placing Shares, which are subject to shareholder approval at a General Meeting of the Company convened for 11 a.m. on 10 May 2012, it is expected that admission (“Second Admission”), will become effective and dealings will commence at 8.00 a.m. on 14 May 2012.
Following First Admission today, the issued share capital of Globo now comprises 309,900,875 Ordinary Shares. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is now 309,900,875. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority’s Disclosure and Transparency Rules.
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
Daniel Stewart & Company Plc
(Nominated Adviser and Broker)
Noelle Greenaway, Director, Corporate Finance
Martin Lampshire, Head of Corporate Broking
Simon Bloomfield or James Irvine-Fortescue