Company StatementOctober 28, 2015
28 October 2015
FOR IMMEDIATE RELEASE
(“Globo” or “the Group”)
Globo plc issues the following statement:
On Monday 26 October 2015 the Company announced that Costis Papadimitrakopoulos, the former CEO of the Group, had brought to the attention of the Board certain matters regarding the falsification of data and the misrepresentation of the Company’s financial situation.
Since that announcement, the Company has reported this matter to the appropriate law enforcement agencies in the UK, Greece and Cyprus.
In addition, the Company was notified on 27 October 2015 that it is under investigation from the UK’s Financial Conduct Authority.
Further announcements will be made in due course. In the meantime the Company’s shares will remain suspended from trading as per the dealing notice on Friday 23 October 2015.
For further information please contact:
RBC Capital Markets
(Nominated Adviser & Broker)
Chris Blundell or Charles Pemberton
(Advisor to the independent Committee of the board)