Globo Plc (in Administration) (“the Company”)November 10, 2015
Globo Plc (In Administration) (“the Company”)
London – 10 November 2015 – The Joint Administrators of Globo Plc confirm that cancellation of the Company’s AIM securities will take effect from 7am 1 December 2015 pursuant to AIM Rule 1 of the AIM Rules for Companies.
The Joint Administrators do not anticipate that there will be any return from the administration for the shareholders of Globo Plc, and therefore they consider that it is appropriate that the securities are cancelled.
In accordance with paragraph 49 of Schedule B1 of the Insolvency Act, the Joint Administrators are required to submit their proposals to creditors within 8 weeks of their appointment and shareholders are also entitled to receive a copy of the report. This report will be made available to creditors and shareholders at www.thecreditorgateway.co.uk (password: Globo) in due course.
The Administration relates to Globo Plc, and not any of the Company’s direct or indirect subsidiaries, which remain under the control of their respective statutory directors.
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