Globo plc

FOR IMMEDIATE RELEASE
7 March 2014

GLOBO plc ("Globo" or "the Company")

Statement regarding share price movement

Globo plc (LSE-AIM: GBO), the international mobile solutions and IT company, notes the significant move in its share price since 6th March 2014.

Globo is not aware of any material reason for the move in its share price.

As noted in its statement of 6th March, Globo has recently appointed Grant Thornton as its auditor, replacing its incumbent auditor, BDO. BDO has also filed a letter at Companies House notifying that Globo requested its resignation as auditor. There are two important points to note:

1. BDO stated in its letter that it was not able to reach a "mutually acceptable audit scope in relation to our involvement in the work of component auditors, needed to obtain sufficient appropriate audit evidence on which to base the audit opinion on the group financial statements."

For the purposes of clarification, BDO had requested to take over the audit of all Globo group companies, including the audit of all subsidiary companies, which was performed at that time by Globo's component auditors, Grant Thornton. BDO's proposal was at greatly increased cost, which was not acceptable to the Board of Globo. It is because it was not appointed to audit the subsidiaries that BDO stated that it did not have an "acceptable audit scope".

Globo has now appointed Grant Thornton to audit all its group companies, including subsidiaries.

2. BDO has not raised any other concerns relating to the work that it did in relation to the Globo group prior to its resignation. The audit for the full year ending December 31st 2013 had not yet been commenced when BDO was replaced.

As Globo is currently in a Close Period it cannot comment on trading, but refers investors to the Trading Update of January 28th which indicates strong operating performance, balance sheet and cash generation.

END

Based upon the above, we may see quite a jump in the s.p. on Monday

Results by 30 April not far away or 1 week now

Results look very good, hopefully draws a line under the lacklustre price

RBC reiterates buy, tp 110p

Nice inverted head and shoulders over the last couple of months. A break here and back to 200dma @ 57p, first port of call imo.

Preliminary Results for the Full Year ended 31 December 2013

Strong revenue growth; second consecutive year of positive free cash flow1, of €5.2million

Globo plc (LSE-AIM: GBO), the international provider of enterprise mobility management and telecom software products and solutions, announces preliminary unaudited results2 for the year ended 31 December 2013.

Financial highlights

• Revenues up 55.4% year-on-year to €71.5 million (2012: €46 million)
· GO!Enterprise revenue up 149.2% to €29.9 million (2012: €12 million)
· CitronGO! and GO!Social revenue up 19.6% to €34.8 million (2012: €29.1 million)
• EBITDA up 50% to €36 million (2012: €24 million)
• Profit Before Tax up 59.3% to €27.4 million (2012: €17.2 million)
• Earnings Per Share €0.074 (2012: €0.056)
• Free Cash Flow of €5.2 million (2012: €1.7 million)
• Raised net proceeds of €26.5 million, via an institutional placing of 33.9 million shares
• Resulting year-end cash position of €64.2million

1 Free Cash Flow (FCF): We calculate FCF as net cash from operating activities minus all expenditures required to maintain or expand our organic business, including purchases of intangible assets and property, plant, and equipment; it does not include purchases made in connection with business combinations or acquisitions.

2 Globo PLC confirms that it has agreed this preliminary unaudited statement of annual results with Grant Thornton LLP and that the Board of Directors has not been made aware of any likely modification to the auditors' report required to be included with the annual report and accounts for the year ended 31st December 2013.


Operating highlights

Growing the customer base
• GO!Enterprise customer base grew to 340,600 business-to-employee device licenses and 13.1 million business-to-consumer licenses
• CitronGO! and GO!Social customer base increased to 2.98 million monthly active users (2012: 2.23 million)

Earnings enhancing acquisition
• $5.3 million (€3.9 million) cash consideration paid for Silicon Valley-based Notify Technology Inc., a mobile technology company specialising in wireless mobility solutions and services, adding Mobile Device Management (MDM) capability to the GO!Enterprise product suite

Building strong partnerships
• Agreement with Ingram Micro to supply Globo's enterprise mobility solutions to Small-and Medium-Sized business market in the US and Europe
• Distribution agreement signed with Fujitsu
• Membership of IBM's PartnerWorld Program

Launch of new products and services
• SmartOffice functionality added to GO!Enterprise.
• New Mobility Business Solutions (MBS) division created to support our Vendor Business through the provision of Expert Consultingand Professional Services for customers' and partners' projects

Post period end events

• February 2014: Launch of new enterprise mobility products GO!AppZone and GO!Enterprise WorkSpace container at Mobile World Congress
• February 2014: Expansion of Ingram Micro distribution agreement to supply complete portfolio of GO!Enterprise products to Large Enterprises
• March 2014: Strategic partnership agreement signed with Bechtle UK
• March 2014: Distribution agreement signed with Qast China

Trading outlook

After a strong 2013, the momentum has continued in the first quarter of 2014, with trading in line with market expectations. The initiatives completed to date in Q1, such as the launch of new products and the Bechtle UK distribution agreement, demonstrate the Group's focus on building a comprehensive suite of mobile solutions and services for enterprise customers.

Nice move today, back to the 60s and 70s soon.

Looking good today.

Going long...

Good start to the day, once we're through the 60p should finally mark the end of this downwards trend over the last 6 months. Breaking 200dma.

A good reason for the fall of course can be put down to the general sell off in the tech sector.
It looks like the next target is the green line at about 58p.

Despite the shorters ( dougtnut and company ) talking negative on the Twitter yesterday, there was a good move late on the day and further rise today.

The results confirms the good state of the company and its future.

Flying today.

The results were excellent....took a long spread out on them....if I wasn't so much in Faroe Petroleum would add here....

Sold my lot at 53.05p that is enough in a month for a 22% gain

Disappointed about the sp here...expected better response than this...

Back in at 46.25p, it seems the support at 46p was holding well today, the large retracement in just a week is a good point to bounce from

the bounce is on as the closing yesterday was UT at the lowest point 44.50p

Is a good omen of the order book telling the bottom

certainly not moving fast up but there are signs of trying at least