Globo plc Globo Plc In Administration (4142E)
November 03 2015 - 9:15AM
UK Regulatory
TIDMGBO
RNS Number : 4142E
Globo plc
03 November 2015
Globo Plc (In Administration) ("the Company")
London - 03 November 2015 - On 3 November 2015, Chad Griffin,
Simon Kirkhope and Lisa Rickelton of FTI Consulting LLP were
appointed as Joint Administrators of Globo Plc, by order of the
court.
The administration appointment was made following the disclosure
of certain matters regarding the falsification of data and the
misrepresentation of the Company's financial situation, as reported
in various announcements since the shares were suspended on 23
October 2015.
Chad Griffin, one of the Joint Administrators said:
"Our focus is to undertake an immediate assessment of the Group
in order to evaluate any opportunities to realise value from the
various businesses. We will also be looking to gain control of the
books and records in order to be in a position to undertake a full
investigation. These steps will be done in close consultation with
the requisite regulatory bodies."
No dividends are expected to be available for shareholders. The
Joint Administrators will be applying in due course for the
cancellation of the admission of the Company's shares to trading on
AIM.
-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.
About Globo PLC
Globo PLC is dedicated exclusively to helping clients create
powerful mobile business applications. Globo offers a unique
combination of world-class design, native application development,
an award-winning mobile application development platform (MADP),
enterprise mobility management (EMM) solutions, process excellence,
and a passionate global workforce. Globo is a trusted mobility
partner to the world's leading companies, including Coca-Cola, EMC,
GE, ING, Intel, MIT, Procter & Gamble and hundreds of other
clients worldwide. Globo is listed on LSE-AIM as GBO and OTCQX as
GOBPY. For more information, please visit www.globoplc.com.
# # #
This information is provided by RNS
The company news service from the London Stock Exchange
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