Satellite Solutions Wldwide Grp PLC Result of General Meeting (9836N)
14 May 2018 - 8:44PM
UK Regulatory
TIDMSAT
RNS Number : 9836N
Satellite Solutions Wldwide Grp PLC
14 May 2018
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Result of General Meeting
Satellite Solutions Worldwide Group plc (AIM: SAT), a leading
provider of alternative fast broadband services, announces that at
the General Meeting held earlier today, all of the resolutions put
to shareholders were duly passed.
Following the Company's announcement on 26 April 2018,
application has been made for 141,400,004 Placing Shares and
20,639,834 Consideration Shares to be admitted to trading on AIM
and it is expected that Admission will occur on 15 May 2018.
Following Admission, the Company will have 844,650,090 ordinary
shares in issue. Defined terms used in this announcement have the
same meaning as those within the Company's announcement on 26 April
2018.
Contacts:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com
Group PLC
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Numis Securities (Nomad Tel: +44 (0)20 7260
and broker) 1000
Oliver Hardy (Corporate
Advisory)
James Black / Jonathan Abbott
(Corporate Broking)
Tel: +44 (0)20 7933
Walbrook PR (PR advisers) 8780
Paul Cornelius / Nick Rome/ or ssw@walbrookpr.com
Sam Allen
About SSW
Established in 2008, the Group specialises in the provision of
alternative fast broadband for premises located in areas where
there are poor wired broadband speeds. With customers in 30
countries, SSW uses satellite and fixed wireless broadband
technologies to connect users who are either unserved or
underserved.
SSW's solutions target B2C and B2B users, and the Company has
products developed specifically for consumers, business and
government markets. SSW operates a number of brands such as
Europasat (satellite broadband services in Europe), Breiband
(Nordics), SkyMesh (Australia) and Quickline Communications (fixed
wireless services in the UK) and is a leading provider of fast
broadband internet services via satellite and fixed wireless
services.
The 2015 listing on the AIM market of the London Stock Exchange,
together with funding and support from BGF and other investors in
2016 and 2017, means the Company now enjoys strong organic growth
and recurring revenues, complementing its acquisition strategy.
Working closely with satellite owners and operators, SSW targets
customers in the 'digital divide' with solutions that deliver up to
40 Mbps satellite based broadband services or fixed wireless to
premises, whether residential, commercial or industrial across
Europe and Australia, irrespective of location or local
infrastructure.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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