Global Invacom acquires OnePath Networks

RNS Number : 4603S

Global Invacom Group Limited

24 September 2014

 



 Global Invacom Group Limited

Voluntary Announcement of Acquisition of the entire issued and paid-up share capital of OnePath Networks Ltd

The Board of Directors of Global Invacom Group Limited (the "Company") announces that the Company has on 24 September 2014 entered into a conditional agreement to acquire the entire issued and paid-up share capital of OnePath Networks Ltd (the "Acquisition"). Completion of the Acquisition is subject to certain conditions precedent related primarily to the completion of the sale process by the vendors. Satisfaction of such conditions is expected to take place in approximately 45 days. 

OnePath Networks Ltd is a company incorporated and registered in Israel with principal activities in telecoms solutions for the commercial, government and military markets. 

The relative figures for the Acquisition computed on the bases set out in Rule 1006(a) to (d) of the SGX-ST Listing Manual do not exceed 5%. As such, the Acquisition is a non-disclosable transaction under Rule 1008 of the SGX-ST Listing Manual.

Further details on the Acquisition in accordance with Rule 1008(2) of the SGX-ST Listing Manual will be made available on completion of the Acquisition.

Ends

Global Invacom Group Limited

Matthew Garner (Chief Financial Officer)

[phone]

finnCap Ltd (Nominated Adviser and Joint Broker)     

Ed Frisby/Christopher Raggett (Corporate Finance)

Rhys Williams (Corporate Broking)

[phone]

Mirabaud Securities LLP (Joint Broker)

Peter Krens (Equity Capital Markets)

[phone]

Bell Pottinger LLP (UK Financial PR)

David Rydell/David Bass/Lucy Stewart

[phone]

WeR1 Consultants Pte Ltd (Singapore Financial PR)

Sheryl Sim / Ian Lau

[phone]

About Global Invacom Group Limited

Global Invacom Group Limited ("Global Invacom") is listed on the Singapore Exchange Securities Trading Limited Mainboard ("SGX-ST") and its shares are admitted to trading on the AIM Market of the London Stock Exchange in the U.K.

Global Invacom is a fully integrated satellite equipment provider with five manufacturing plants across China, Malaysia and the U.K., providing a full range of LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications, TV peripherals, computer peripherals, medical, and consumer electronics industries. Its customers include satellite broadcasters such as BSkyB of the U.K. and DISH Network of the U.S.A.

http://www.globalinvacom.com/

 

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