Re director’s sharesNovember 22, 2010
FOR IMMEDIATE RELEASE
22 NOVEMBER 2010
Director shares pledged to NBG
Globo plc (“Globo”, the “Group” or the “Company”; LSE-AIM: GBO), the international IT, mobile solutions and SaaS provider, has today received notice that Mr Costis Papadimitrakopoulos, Chief Executive Officer and sole guarantor of all bank debt of the Group, has pledged 7,200,000 ordinary shares in the Company in which he has an interest (the ‘Pledge Shares’), in favour of the National Bank of Greece (‘NBG’).
The Pledge Shares, representing approximately 4.1 per cent. of the issued share capital of the Company, will provide additional security for existing debt facilities from NBG to Globo Technologies S.A. (a Group subsidiary in Greece) thereby strengthening the Group’s banking relationship with NBG.
There is no change in the overall shareholding of Mr. Papadimitrakopoulos who continues to have an interest in a total of 67,444,135 ordinary shares, representing approximately 38.54 per cent. of the issued share capital of the Company.
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