Globo plc High Yield Bond Update (0067Z)
14 Septembre 2015 - 4:42PM
UK Regulatory
TIDMGBO
RNS Number : 0067Z
Globo plc
14 September 2015
14 September 2015
GLOBO plc
("Globo" or "the Group")
High Yield Bond Update
Globo plc (LSE-AIM: GBO / OTCQX: GOBPY), the international
provider of Enterprise Mobility Management (EMM), mobile solutions
and software as a service (SaaS), announces the following update
concerning its High Yield Bond fund raising.
Globo plc is continuing the process of fund raising via a High
Yield Bond which it hopes to conclude shortly, having received
strong interest from numerous investors.
This process has been delayed by market events through the
summer of 2015, notably uncertainty surrounding the Greek economy
and latterly the weakness in global equities following the severe
correction in China which has impacted the High Yield Bond
market.
The purpose of the High Yield Bond issue, as stated at the
outset, remains the strengthening of Globo's position to execute
acquisitions and to continue to advance its position in the
Enterprise Mobility Management marketplace. Whilst the fund raising
process is being concluded, Globo remains committed to completing
the first of these acquisitions which is underpinned by existing
cash resources which are currently held in investment grade banks
in the US, UK and Switzerland.
Globo CEO Costis Papadimitrakopoulos commented:
"The recent developments in global markets have proved
challenging in the raise of our maiden High Yield Bond issue.
However, we have received considerable support to date from
investors and are confident that our growth strategy remains on
track. "
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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