Results of Annual General Meeting

Global Invacom Group Limited

26 April 2023

 

GLOBAL INVACOM GROUP LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No: 200202428H)

RESULTS OF ANNUAL GENERAL MEETING HELD ON 26 APRIL 2023

The Board of Directors (the "Board") of Global Invacom Group Limited (the "Company") is pleased to announce that at the Annual General Meeting ("AGM") of the Company held today, all resolutions set out in the notice of AGM dated 11 April 2023 were duly passed by way of a poll.

a)    The results of the poll on each of the resolution cast at the AGM are set out below for information:

Resolution number and details	Total number of shares represented by votes for and against the relevant resolution	For		Against
		Number of shares	As a percentage of total number of votes for and against the resolution (%)	Number of shares	As a percentage of total number of votes for and against the resolution (%)
Ordinary Resolution 1 Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2022	101,702,539	101,702,539	100	0	0
Ordinary Resolution 2 Re-election of Mr John Lim Yew Kong as a Director	101,687,539	101,687,539	100	0	0
Ordinary Resolution 3 Approval of payment of Directors' fees for the financial year ending 31 December 2023 amounting to S$294,525, payable quarterly in arears	101,701,039	101,701,039	100	0	0

Ordinary Resolution 4 Re-appointment of Moore Stephens LLP as Auditors	101,792,839	101,792,839	100	0	0
Ordinary Resolution 5 Authority to allot and issue Shares	101,797,589	98,981,089	97.23	2,816,500	2.77

b)    The details of parties who are required to abstain from voting on the resolution(s), including the number of shares held and the individual resolution on which they are required to abstain from voting are set out below:

Name of Shareholder	Number of shares	Resolution(s) Abstained
John Lim Yew Kong	15,000	Ordinary Resolution 2

c)       Agile 8 Advisory Pte. Ltd. was appointed as scrutineer for the polls conducted at the AGM.

d)      Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST")

Mr John Lim Yew Kong, upon re-election as a Director of the Company, remains as the Lead Independent Director, Chairman of the Audit and Risk Committee, and a member of the Nominating Committee and Remuneration Committee. He is considered independent for the purposes of Rule 704(8) of the SGX-ST.

BY ORDER OF THE BOARD

Gordon Blaikie

Executive Director

26 April 2023

For further information, please contact:

Global Invacom Group Limited	www.globalinvacom.com
Gordon Blaikie, Interim Chief Executive Officer	via Vigo Consulting
Strand Hanson Limited (Nominated Adviser and Broker)	www.strandhanson.co.uk
James Harris / Richard Johnson / David Asquith	Tel: [phone]
Vigo Consulting (UK Media & Investor Relations)	www.vigoconsulting.com
Jeremy Garcia / Fiona Hetherington / Kendall Hill	Tel: [phone]
[e-mail]

About Global Invacom Group Limited

Global Invacom Group comprises a number of companies specialising in innovative technology, products and solutions for the satellite ground equipment sector. Uniquely, the Group provides fully integrated manufacturing for most of its product lines providing additional quality and supply chain assurance to a global blue-chip customer base in the satellite communications, satellite TV and satellite navigation markets.

The Group has an established global presence with sales offices, research and development centres and manufacturing facilities across the world, including Singapore, China, Indonesia, the Philippines, Malaysia, Israel, the UK, and the USA.

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

 

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