LONDON (Alliance News) - Software provider Globo PLC Thursday said it had raised gross proceeds of about GBP24 million in a placing and will use the funds to accelerate growth.
The company, which placed 33.9 million shares at 71 pence each, about 10% of its previous share capital, said it saw strong demand from institutional investors in the UK, Europe and North America.
It will use the funds to accelerate rollout of its GO!Enterprise software in the US and Western Europe and expand its mobility business solutions division organically and with small bolt-on acquisitions.
Globo shares were down 0.4% at 74.22 pence Thursday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
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