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Global Invacom Group (GINV)

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Thursday 18 October, 2018

Global Invacom Group

Suspension of Trading on AIM

RNS Number : 4567E
Global Invacom Group Limited
18 October 2018
 

Global Invacom Group Limited

("Global Invacom", the "Company" or the "Group")

 

Suspension of trading on AIM

 

Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment, announces that further to the suspension of trading in its shares on the Singapore Stock Exchange, its board is contemplating an acquisition (the "Acquisition") which, if approved and completed, would constitute a reverse takeover for the purposes of the AIM Rules for Companies.

 

Accordingly, trading in the Company's shares has been suspended on AIM until such time as the Company is able to publish an admission document in relation to the Acquisition or confirms that the Acquisition is no longer in contemplation.

 

The Company stresses that the Acquisition remains subject to negotiation with various counterparties and completion of due diligence satisfactory to the Group. Accordingly, there can be no guarantee that the Acquisition will complete or on what terms. The Company will make further announcements in due course.

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

Lai Kwok Kin

Tel: +65 6737 4844

[email protected]




Vigo Communications (UK Media & Investor Relations)

www.vigocomms.com

Jeremy Garcia / Fiona Henson

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.

 

Global Invacom provides a full range of antennas, LNB receivers, 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 announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.


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 [email protected] or visit www.rns.com.
 
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