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Thursday 10 October, 2019

Global Invacom Group

Dissolution of wholly-owned subsidiary

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 Broker)

www.finncap.com

Christopher Raggett / Matthew Radley (Corporate Finance)

Tel: +44 207 220 0500

 

 

Mirabaud Securities LLP (Joint Broker)

www.mirabaud.com

Peter Krens (Equity Capital Markets)

Tel: +44 207 878 3362

 

 

WeR1 Consultants Pte Ltd (Singapore Investor Relations)

www.wer1.net

Jordan Teo / Ryan del Agua

Tel: +65 6737 4844

[email protected]

 

 

 

Vigo Communications (UK Media & Investor Relations)

www.vigocomms.com

Jeremy Garcia / Fiona Henson / Charlie Neish

Tel: +44 207 390 0238

[email protected]

 

 

 

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

 

 

 


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