TIDMGBO

RNS Number : 2294D

Globo plc

23 October 2015

Response to Share Price Movement

October 23 2014

Globo plc

23 October 2015

 
 
   FOR IMMEDIATE RELEASE

GLOBO plc

("Globo" or "the Group")

Response to Share Price Movements

Globo plc (LSE-AIM: GBO / OTCQX: GOBPY), the international provider of Enterprise Mobility Management (EMM), mobile solutions and software as a service (SaaS), issues the following response to recent share price movements.

The Group is aware of a report published last night by an organisation called Quintessential Capital Management in the United States. Globo completely refutes all allegations made in this report.

In order to protect shareholders' interests Globo has requested suspension of trading of its stock so the Company can provide a more detailed response.

Globo PLC Founder and CEO Costis Papadimitrakopoulos states: "Our focus remains unchanged in developing the strength and market positioning of our core enterprise mobility product offering."

ENDS

For further information please contact:

 
 
   Globo plc                               +44 20-7378-8828 
 Costis Papadimitrakopoulos, CEO 
  Dimitris Gryparis, Finance Director 
  Mike Jeremy, IRO 
 
   RBC Capital Markets                     +44 20-7653-4000 
          (Nominated Adviser & Broker) 
     Pierre Schreuder or Ema Jakasovic 
 Canaccord Genuity                         +44 20-7523-8000 
 (Joint Broker) 
  Simon Bridges or Emma Gabriel 
 Brunswick Group                           +44 20-7404-5959 
 Chris Blundell or Charles Pemberton

About Globo

Globo Plc is a global provider of complete enterprise mobility solutions and SaaS. Our GO!Enterprise (EMM) and GO!AppZone (MADP) offerings help businesses expand their engagement with employees and customers through the mobile channel via a secure and extensible environment that runs on all smart devices. The Group operates internationally through subsidiaries and offices in the U.S., U.K., Europe, Middle East and South East Asia. Globo was included in the 2014 Gartner Enterprise Mobility Management Magic Quadrant report, in Ovum's 2014-15 Decision Matrix for EMM Solutions and 2015-16 Decision Matrix for MADP Solutions, and in IDC's January 2015 report on Mobile Enterprise Application Development Platforms. For more information visit www.globoplc.com.

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 23, 2015 03:32 ET (07:32 GMT)

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