10 Nov 2015 07:00
Globo Plc (In Administration) ("the Company")
London - 10 November 2015 - The Joint Administrators of Globo Plc confirm that cancellation of the Company's AIM securities will take effect from 7am 1 December 2015 pursuant to AIM Rule 1 of the AIM Rules for Companies.
The Joint Administrators do not anticipate that there will be any return from the administration for the shareholders of Globo Plc, and therefore they consider that it is appropriate that the securities are cancelled.
In accordance with paragraph 49 of Schedule B1 of the Insolvency Act, the Joint Administrators are required to submit their proposals to creditors within 8 weeks of their appointment and shareholders are also entitled to receive a copy of the report. This report will be made available to creditors and shareholders at www.thecreditorgateway.co.uk (password: Globo) in due course.
The Administration relates to Globo Plc, and not any of the Company's direct or indirect subsidiaries, which remain under the control of their respective statutory directors.
-ENDS-
Media Contacts:Lucinda Kemeny
+44 20 3727 1580
lucinda.kemeny@fticonsulting.com
Jess Gill
+44 20 3727 1195
jessica.gill@fticonsulting.com
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,400 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.76 billion in revenues during fiscal year 2014. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTI_EMEA) and LinkedIn.
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