First AdmissionFebruary 4, 2011
FOR IMMEDIATE RELEASE
4 February 2011
Placing to Raise £17.25m
Globo plc (LSE: GBO) the international IT, mobile solutions and SaaS provider, announced on 28 January 2011 that it had raised £17.25 million, before expenses, by means of a placing (the “Placing”), with new and existing investors, of 115,000,000 new ordinary shares of 1 pence each (the “Ordinary Shares”) (the “Placing Shares”) at a price of 15 pence per new Ordinary Share.
Today, Globo announces that 20,270,160 of the Placing Shares (the “First Admission Shares”) have been allotted, issued and 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 2010 Annual General Meeting to allot new Ordinary Shares on a non-pre emptive basis (the “Existing Authorities”).
First Admission occurred this morning at 8 a.m.
It is expected that admission will become effective and dealings will commence at 8.00am on 23rd February for the remaining 94,729,840 Placing Shares, subject to shareholder approval at a General Meeting of the Company convened for 11 a.m. on 17 February 2011) (“Second Admission”).
Following First Admission, the issued share capital of Globo now comprises 195,267,915 Ordinary Shares. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is now 195,267,915. 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 (Nomad & Broker)
Emma Earl, Noelle Greenaway, Antony Legge (Nomad)
Chris Theis (Corporate Broker)