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£9.63m Placing - First Admission

27th Apr 2012 07:00

RNS Number : 1822C
Globo plc
27 April 2012
 



 

FOR IMMEDIATE RELEASE

27 April 2012

 

GLOBO PLC

 

("Globo" or the "Company")

 

PLACING TO RAISE £9.63M

 

ADMISSION TO TRADING ON AIM, FIRST TRANCHE OF PLACING SHARES

 

 

27 April 2012 - Globo Plc (LSE: GBO) the international IT, mobile solutions and SaaS provider, announced on 24 April 2012 that it had raised £9.63 million, before expenses by means of a placing (the "Placing"), with new and existing investors, of a total of 36,339,623new ordinary shares of 1 pence each (the "Ordinary Shares") (the "Placing Shares") at a price of 26.5 pence per new Ordinary Share.

 

Today, Globo announces that 14,092,132 of the Placing Shares (the "First Admission Shares") have been allotted, issued and are being admitted to trading on AIM ("First Admission"). The First Admission Shares have been placed pursuant to the authorities granted to the Directors at the Company's 2011 Annual General Meeting to allot new Ordinary Shares on a non-preemptive basis (the "Existing Authorities").

 

First Admission occurs this morning at 8 a.m.

 

For the remaining 22,247,491 Placing Shares, which are subject to shareholder approval at a General Meeting of the Company convened for 11 a.m. on 10 May 2012, it is expected that admission ("Second Admission"), will become effective and dealings will commence at 8.00 a.m. on 14 May 2012.

 

Following First Admission today, the issued share capital of Globo now comprises 309,900,875 Ordinary Shares. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company is now 309,900,875. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

 

Enquiries:

 

GLOBO PLC

www.globoplc.com

Costis Papadimitrakopoulos, CEO

+44 207-378-8828

Dimitris Gryparis, Finance Director

Daniel Stewart & Company Plc

(Nominated Adviser and Broker)

Noelle Greenaway, Director, Corporate Finance

Martin Lampshire, Head of Corporate Broking

 +44 20-7776-6590

 +44 20-7776-6550

 

Bankside

Simon Bloomfield or James Irvine-Fortescue

+44 20-7367-8888

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUNOVRUNASUAR

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