Globo plc Company Statement (1114E)

TIDMGBO

RNS Number : 1114E

Globo plc

30 October 2015

Globo plc

30 October 2015

 
 
   FOR IMMEDIATE RELEASE 
 

GLOBO plc

("Globo" or "the Company")

Company Statement

Globo plc issues the following statement:

Further to the announcements of Monday 26 October and Wednesday 28 October, the Company continues to work with the relevant parties to seek to establish the current financial position of the Company and is aware that various payments are due to be made in the coming weeks.

The Company has received a letter from its main creditor in which it states that it is aware that one or more events of default have occurred and that it reserves all of its rights and remedies in relation to such event(s) of default. The main creditor is still considering its position.

Gavin Burnell resigned as a Director of the Company, and Lorraine Young as the Secretary of the Company, on 29 October 2015 with immediate effect.

RBC Europe Limited has today resigned as Nominated Adviser and Broker to the Company with immediate effect. In the event that an alternative Nominated Adviser is not appointed within one month from today, then, in accordance with Rule 1 of the AIM Rules for Companies, the admission of the Company's ordinary shares to trading on AIM will be cancelled.

Further announcements will be made in due course, as appropriate.

ENDS

For further information please contact:

 
 
   Globo plc      [phone] 
 Mike Jeremy 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

October 30, 2015 13:28 ET (17:28 GMT)