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Re director's shares

22nd Nov 2010 16:12

RNS Number : 6134W
Globo plc
22 November 2010
 



FOR IMMEDIATE RELEASE

22 NOVEMBER 2010

 

 

 

Globo plc

 

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.

 

END

 

CONTACTS

 

Globo plc

+30 210-646-6008

Costis Papadimitrakopoulos, CEO

Dimitris Gryparis, Finance Director

 

 

NCB Stockbrokers Limited (Nomad)

+44 20-7071-5200

Christopher Caldwell or Barclay Clibborn

 

 

Daniel Stewart & Company Plc (Broker)

+44 20-7776-6550

Christopher Theis

 

 

Bankside

+44 20-7367-8888

Simon Bloomfield

 

 

 

 

 

About Globo

 

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

 

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