16th Oct 2013 16:24
LONDON (Alliance News) - Globo PLC, a mobile management and telecommunications software and services company, said Wednesday that it plans to raise GBP25 million through the placing of 33.8 million shares.
It will use funds raised from the placing to accelerate the roll out of its GO!Enterprise, a platform to develop secure mobile applications, in the US and Western Europe and expand its Mobility Business Solutions Division with bolt-on acquisitions.
Shares in the company closed flat at 74.5 pence per share.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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