Globo Plc (formerly Israeli Acquisitor I PLC) is a PLUS Market quoted investment company that has conditionally agreed to acquire the entire issued share capital of Globo Technologies S.A. (the "Acquisition"). Conditional upon the completion of the Acquisition, the Company intends to delist from the PLUS Market and immediately apply for the admission of the Enlarged Share Capital to trading on AIM. The contribution in kind of the Globo Technologies S.A. shares pursuant to the Acquisition constitutes a reverse takeover under the PLUS Rules and is therefore conditional (inter alia) upon the passing of certain resolutions by the Company’s shareholders at the EGM. Globo Technologies S.A.’s main country of operation is Greece. It is one of the market leaders in the Greek information and communications technology market, providing advanced e-business and telecom software products and related services in addition to developing and operating broadband wired and wireless networks. Its principal business consists of the provision of customised e-business and telecom systems and solutions to private organisations and governmental sectors in Greece. |
