Globo plc Company Statement (6397D)

TIDMGBO

RNS Number : 6397D

Globo plc

28 October 2015

Globo plc

28 October 2015

 
 
   FOR IMMEDIATE RELEASE

GLOBO plc

("Globo" or "the Group")

Company Statement

Globo plc issues the following statement:

On Monday 26 October 2015 the Company announced that Costis Papadimitrakopoulos, the former CEO of the Group, had brought to the attention of the Board certain matters regarding the falsification of data and the misrepresentation of the Company's financial situation.

Since that announcement, the Company has reported this matter to the appropriate law enforcement agencies in the UK, Greece and Cyprus.

In addition, the Company was notified on 27 October 2015 that it is under investigation from the UK's Financial Conduct Authority.

Further announcements will be made in due course. In the meantime the Company's shares will remain suspended from trading as per the dealing notice on Friday 23 October 2015.

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 
 Chris Blundell or Charles Pemberton

(Advisor to the independent Committee of the board)

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRDBBDGRSDBGUR

(END) Dow Jones Newswires

October 28, 2015 03:01 ET (07:01 GMT)

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