Globo plc Director share dealings (3910D)

TIDMGBO

RNS Number : 3910D

Globo plc

26 October 2015

 
FOR IMMEDIATE RELEASE          26 October 2015

GLOBO plc ("the Company")

Director share dealings

Globo plc (LSE-AIM: GBO), the international provider of enterprise mobility management solutions and software as a service, announces the following changes to a director's holding of ordinary shares in the Company.

The Chief Executive Officer, Mr Konstantinos Papadimitrakopoulos advised the Company on 25 October 2015 that up to 22 October 2015 he has:

-- sold 42,049,655 shares of Globo Plc; and

-- pledged 10,000,000 shares of Globo Plc under a personal loan agreement with Lantau Holdings Limited. The loan will default at close of business today because of two consecutive days of the suspension of the Company's shares from trading.

The number of shares (and voting rights) which Mr Papadimitrakopoulos now holds is 27,734,542 (including the pledged shares) representing 7.42% of the issued share capital. His previously notified holding was 69,784,147 shares (and voting rights) which represented 18.67% of the issued share capital.

This notification by the director to the company was made under DTR5.

The Company has requested additional details about these dealings and does not yet possess all relevant information about their timing and nature. A further announcement will be made once this information is received.

ENDS

For further information please contact:

 
 
   Globo plc                                +44 20-7378-8828 
 Mike Jeremy 
 
   RBC Capital Markets                      +44 20-7653-4000 
           (Nominated Adviser & Broker) 
      Pierre Schreuder or Ema Jakasovic 
 Brunswick Group                            +44 20-7404-5959 
 (Advisor to the independent Committee 
  of the board)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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