Grant of optionsNovember 29, 2010
FOR IMMEDIATE RELEASE
29 NOVEMBER 2010
Globo plc (the “Company”; LSE-AIM: GBO), the international IT, mobile solutions and SaaS provider, announces that, in accordance with the Company’s Share Option Plan, options have been granted over ordinary shares in the Company to Directors and employees as detailed below.
Percentage of issued share capital (%)
The options are exercisable, at a price of 12.5 pence, at various times during the 4 years starting 26 November 2011, dependent upon employment with the Company at the time of exercise. No performance conditions are attached to this grant of options, the first after almost 3 years since the IPO of the Company on 14 December 2007, which is considered to be a reasonable reward and further motivation for the Company’s employees and Directors for the successful track record over this period of delivering growth of 255% ιn revenues (year ended 31 December 2006: €6.63 million; year ended 31 December 2009: €23.49 million) and 209% in profits before tax (year ended 31 December 2006: €1.03 million; year ended 31 December 2009: €3.2 million).
If not exercised in full by 26 November 2015, the options will lapse.
Costis Papadimitrakopoulos, CEO
Dimitris Gryparis, Finance Director
NCB Stockbrokers Limited (Nomad)
Christopher Caldwell or Barclay Clibborn
Daniel Stewart & Company Plc (Broker)
GLOBO plc was admitted to AIM in December 2007. Founded in 1997, Globo has established itself as one of the international market leaders in the Mobile and ICT market, offering a wide range of products and services to the mobile, corporate, public and consumer market. It provides mobile, e-business and telecom software products and related services to the private and governmental and mobile sectors. The Group has an International presence with offices and subsidiaries in 8 countries and continues to expand internationally based on its mobile communications strategy. For further information please go to www.globoplc.com