RNS Number : 0753D
10 May 2012
FOR IMMEDIATE RELEASE 10 May 2012
("Globo" or the "Company")
Result of General Meeting
Admission to trading on AIM of second tranche of Placing Shares
Globo Plc (LSE: GBO) the international IT, mobile solutions and SaaS provider, announced on 24 April 2012 that it had raised GBP9.63 million before expenses, by means of a placing (the "Placing"), with new and existing investors, of a total of 36,339,623 new ordinary shares of 1 pence each (the "Ordinary Shares") (the "Placing Shares") at a price of 26.5 pence per new Ordinary Share.
On 27 April 2012 Globo announced that 14,092,132 of the Placing Shares (the "First Admission Shares") had been allotted, issued and admitted to trading on AIM ("First Admission").
The allotment of the remaining 22,247,491 Placing Shares (the "Second Admission Shares") was subject to shareholder approval at today's General Meeting. That approval has now been given as both resolutions proposed at the meeting were passed. It is expected that admission of these shares ("Second Admission") will become effective and dealings will commence at 8.00 a.m. on 14 May 2012.
The Company also confirms that it has issued warrants to subscribe for 222,475 Ordinary Shares of 1 pence, exercisable at 26.5 pence per share, to Daniel Stewart & Company pursuant to the Placing Agreement.
Following Second Admission, the final stage in the Placing, the issued share capital of Globo will comprise 332,148,366 Ordinary Shares. The Company holds no shares in treasury and consequently the total number of voting rights in the Company will be 332,148,366. Following Second Admission, 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.
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
Martin Lampshire, Head of Corporate
Broking +44 20-7776-6550
Bankside +44 20-7367-8888
Simon Bloomfield or James Irvine-Fortescue
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