Change of AdviserJanuary 8, 2008
08 January 2008
Globo plc (the "Company")
Change of Adviser
8 January 2008
Globo plc announces that it has appointed NCB Stockbrokers Limited as sole
Broker to the Company with immediate effect. This follows the mutual agreement
between the Company and the Company’s Joint Broker, Insinger de Beaufort, to
cease to provide broking services to the Company from 4 January 2008. The
Company and Insinger de Beaufort have also agreed to cancel the Warrant document
dated 15 November 2007 made between the Company and Insinger de Beaufort,
pursuant to which the Company granted Insinger de Beaufort warrants to subscribe
for 652,947 Ordinary Shares.
Brett Miller, Non-executive Director +44 (0) 20-7584-3663
Costis Papadimitrakopoulos, Managing Director +30 210-646-6008
NCB Stockbrokers Limited
Christopher Caldwell or Jonathan Gray +44 (0) 20 7071 5200
GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million via
a placing of shares with institutional investors.
Found in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri
(a suburb of Athens), Globo has established itself as one of the market leaders
in the Greek ICT market. It provides e-business and telecom software products
and related services to the private and governmental sectors in Greece as well
as developing and operating broadband wired and wireless networks. It has
developed to become one of the largest e-business software vendors in Greece.
Globo has expanded upon its service offering and has developed valuable IPR
assets in the form of its e-business and broadband access technologies and has
also developed proprietary software platforms using both its own in-house
capabilities and the contracted services of third party technology providers.
Globo also purchases technology solutions and services that can be integrated
into its own products. These integrated software solutions and related services
are sold to private and Governmental organisations, primarily on a project
basis, through sales developed directly by Globo’s own personnel. In addition,
Globo has won contracts from large corporate clients and works closely with
solution providers and sales channel partners to win contracts from the Greek
Globo develops its own software products. Globo’s development processes are ISO
9001-2000 certified and a group of 11 skilled developers are engaged in the
production, maintenance and support of the software products. Additionally,
Globo tailors its products to clients’ needs using an additional team of 19
contractor technicians and developers.
Globo’s products are used by private and public organisations that include more
than 600 corporate and SME clients and more than 60 public sector clients. They
are also sold through 14 value added resellers to a large number of indirect
customers. Globo’s direct private sector customers include Xerox, National Bank
of Greece, Velti, Group Marinopoulos and the University of Brighton. Globo’s
public sector customers in Greece include the Ministry of Foreign Affairs, the
Ministry of National Education and Religious Affairs, the Municipalities of
Halandri and of Maroussi and the Hellenic parliament.
Globo’s e-Business platform, as well as its e-Commerce and broadband access
technology products have been successfully marketed and operated in Greece, UK,
Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy.
The three components of the Globo Group’s key software revenue stream are
* products and services that facilitate e-business;
* products and services that enable access to broadband; and
* resale of third-party goods
The first two product groups, the e-business and broadband access, are offered
as a software licence or S.a.a.S.
This information is provided by RNS
The company news service from the London Stock Exchange