Company StatementOctober 30, 2015
30 October 2015
FOR IMMEDIATE RELEASE
(“Globo” or “the Company”)
Globo plc issues the following statement:
Further to the announcements of Monday 26 October and Wednesday 28 October, the Company continues to work with the relevant parties to seek to establish the current financial position of the Company and is aware that various payments are due to be made in the coming weeks.
The Company has received a letter from its main creditor in which it states that it is aware that one or more events of default have occurred and that it reserves all of its rights and remedies in relation to such event(s) of default. The main creditor is still considering its position.
Gavin Burnell resigned as a Director of the Company, and Lorraine Young as the Secretary of the Company, on 29 October 2015 with immediate effect.
RBC Europe Limited has today resigned as Nominated Adviser and Broker to the Company with immediate effect. In the event that an alternative Nominated Adviser is not appointed within one month from today, then, in accordance with Rule 1 of the AIM Rules for Companies, the admission of the Company’s ordinary shares to trading on AIM will be cancelled.
Further announcements will be made in due course, as appropriate.
For further information please contact: