LONDON (Alliance News) - Globo PLC Tuesday said it notes the significant move in its share price since July 22, but is not aware of any material reason for the decline.
Shares in Globo were trading down 7.9% at 39.15 pence late Tuesday afternoon. The stock is down 21% since opening at 49.69p on Wednesday last week, July 22.
The mobile solutions and software provider reiterated that it expects no financial or operational impact on the business as a result of the turmoil in Greece, adding that it thinks the Greek market will "return to a degree of normality" over the coming weeks and months.
"The past 30 days have been challenging for global markets, with events in Greece and China having unnerved investors. We continue to experience positive trading conditions and are confident in our strategy to create value for our shareholders in a robust and growing mobile services market worldwide," Chief Executive Chris Papadimitrakopoulos said in a statement.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
