Global Invacom Group Limited Dissolution of wholly-owned subsidiary (3542P)
10 October 2019 - 5:00PM
UK Regulatory
TIDMGINV
RNS Number : 3542P
Global Invacom Group Limited
10 October 2019
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Dissolution of wholly-owned subsidiary
Singapore/London, 10 October 2019 - Global Invacom (SGX: QS9)
(AIM: GINV), the global provider of satellite communications
equipment and electronics, wishes to announce that its wholly-owned
subsidiary, Global Invacom Japan Kabushiki Kaisha incorporated in
Tokyo, Japan is now dissolved (the "Dissolution").
The Dissolution does not have any material impact on the
consolidated net tangible assets per share or earnings per share of
the Group for the financial year ending 31 December 2019.
None of the Directors or controlling shareholders of the Company
has any direct or indirect interest in the Dissolution.
BY ORDER OF THE BOARD
Anthony Brian Taylor
Executive Chairman
10 October 2019
For further information, please contact:
Global Invacom Group Limited www.globalinvacom.com
Matthew Garner, Chief Financial Officer Tel: +65 6431 0782
Tel: +44 203 053 3523
finnCap Ltd (Nominated Adviser and Joint www.finncap.com
Broker)
Christopher Raggett / Matthew Radley (Corporate Tel: +44 207 220 0500
Finance)
Mirabaud Securities LLP (Joint Broker) www.mirabaud.com
Peter Krens (Equity Capital Markets) Tel: +44 207 878 3362
WeR1 Consultants Pte Ltd (Singapore Investor www.wer1.net
Relations)
Jordan Teo / Ryan del Agua Tel: +65 6737 4844
ginv@wer1.net
Vigo Communications (UK Media & Investor www.vigocomms.com
Relations)
Jeremy Garcia / Fiona Henson / Charlie Tel: +44 207 390 0238
Neish
ginv@vigocomms.com
About Global Invacom Group Limited
Global Invacom is a fully integrated satellite equipment
provider with six manufacturing plants across China, Israel,
Malaysia, UK and the US. Its customers include satellite
broadcasters such as BSkyB of the UK and Dish Network of the USA
and Data over Satellite providers including Hughes Network Systems,
Viasat and Gilat Satellite Networks.
Global Invacom provides a full range of antennas, LNB receivers,
transceivers, fibre distribution equipment, transmitters, switches
and video distribution components and electronics manufacturing
services in satellite communications as well as manufacturing
services in military, medical, and consumer electronics industries.
Following the acquisition in 2015 of Global Skyware, a leading
US--based designer and supplier of satellite antennas products and
services, the Company became the world's only full--service outdoor
unit supplier.
Global Invacom is listed on the Mainboard of the Singapore
Exchange Securities Trading Limited and its shares are admitted to
trading on the AIM Market of the London Stock Exchange.
For more information, please refer to www.globalinvacom.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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