rns out23 Sep 2015 08:23
padimitrakopoulos commented:
"I am pleased to announce the signing of this LOI, as we have been acutely focused on this strategic transaction over recent months. The addition of both the technology and team will bring substantial benefits to Globo, enhancing our product portfolio with new functionalities and strengthening our solutions' security. We expect that the acquisition will be completed during October and to be immediately earnings enhancing. We continue to evaluate other acquisition opportunities."
The Letter of Intent is conditional on, amongst other things, satisfactory Due Diligence.
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) andGO!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 visitwww.globoplc.com.
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