Response To Share Price MovementsOctober 23, 2015
Response to Share Price Movement
October 23 2014
23 October 2015
FOR IMMEDIATE RELEASE
(“Globo” or “the Group”)
Response to Share Price Movements
Globo plc (LSE-AIM: GBO / OTCQX: GOBPY), the international provider of Enterprise Mobility Management (EMM), mobile solutions and software as a service (SaaS), issues the following response to recent share price movements.
The Group is aware of a report published last night by an organisation called Quintessential Capital Management in the United States. Globo completely refutes all allegations made in this report.
In order to protect shareholders’ interests Globo has requested suspension of trading of its stock so the Company can provide a more detailed response.
Globo PLC Founder and CEO Costis Papadimitrakopoulos states: “Our focus remains unchanged in developing the strength and market positioning of our core enterprise mobility product offering.“
For further information please contact:
Costis Papadimitrakopoulos, CEO
RBC Capital Markets
(Nominated Adviser & Broker)
Chris Blundell or Charles Pemberton
Globo Plc is a global provider of complete enterprise mobility solutions and SaaS. Our GO!Enterprise (EMM) and GO!AppZone (MADP) offerings help businesses expand their engagement with employees and customers through the mobile channel via a secure and extensible environment that runs on all smart devices. The Group operates internationally through subsidiaries and offices in the U.S., U.K., Europe, Middle East and South East Asia. Globo was included in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report, in Ovum’s 2014-15 Decision Matrix for EMM Solutions and 2015-16 Decision Matrix for MADP Solutions, and in IDC’s January 2015 report on Mobile Enterprise Application Development Platforms. For more information visit www.globoplc.com.