14 December 2007
The London Stock Exchange is delighted to welcome Globo to AIM.
Globo is a fast growing Greek e-business solution provider to SMEs, large corporates and public sector clients. Established in Athens in 1997, Globo is one of the two largest software vendors in Greece. The company intends to expand its activities in Greece, Cyprus and the Balkan countries of Turkey, Bulgaria and Romania where e-business market development, internet and broadband penetration levels are experiencing high growth rates.
Admission to trading follows a placing of the company's ordinary shares, which raised £3.1million before expenses at the placing price of 20 pence per share. The company will have a market capitalisation of £26.1million based on the placing price.
Costis Papadimitrakopoulos, Founder and Managing Director of Globo, said:
"We are delighted with the strong response we have received from investors. Globo is well placed to achieve rapid and profitable growth over the next few years and we now have the funds to implement our strategy."
NCB Stockbrokers Limited is acting as Nominated Adviser, and Insinger de Beaufort and NCB Stockbrokers Limited are acting as joint Brokers to the company.