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Satellite Solutions (SAT)

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Tuesday 15 May, 2018

Satellite Solutions

Completion of Acquisitions

RNS Number : 9914N
Satellite Solutions Wldwide Grp PLC
15 May 2018
 

 

 

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

 

Completion of Acquisitions and Director Dealings

 

Satellite Solutions Worldwide Group plc (AIM: SAT), a leading provider of alternative fast broadband services, announces that following today's admission of 162,039,838 new ordinary shares it has completed the acquisition of Sat Internet Services GMBH ("Sat Internet") and, subject to a formal procedure being completed later today in Italy, the acquisition of Open Sky S.R.L. ("Open Sky") (the "Acquisitions"). This follows the announcements made by the Company on 26 April 2018 in relation to the Acquisitions, and on 14 May 2018 in relation to the passing of the Resolutions at the General Meeting of the Company.

Total Voting Rights and Director Shareholdings

The Company now has 844,650,090 ordinary shares in issue and this figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority.

Michael Tobin, Chairman, subscribed for 100,004 Placing Shares at the Placing Price. The number of Ordinary Shares now held by Mr Tobin immediately following Admission is 1,802,670.

 

Contacts:

Satellite Solutions Worldwide Group PLC

www.satellitesolutionsworldwide.com

Andrew Walwyn, Chief Executive Officer

Via Walbrook PR



Numis Securities (Nomad and broker)

Oliver Hardy (Corporate Advisory)

James Black / Jonathan Abbott (Corporate Broking)

Tel: +44 (0)20 7260 1000



 

Walbrook PR (PR advisers)

Tel: +44 (0)20 7933 8780

Paul Cornelius / Nick Rome/ Sam Allen

or [email protected]

 

 



 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Michael Tobin

2.     

Reason for the notification


a)

Position/status:

Non-Executive Chairman

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)

Name:

Satellite Solutions Worldwide Group plc

b)

LEI:

2138008P6X5EX455KU41

 

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of £0.01 each

 

 ISIN: GB00BT6SRD21

b)

Nature of the transaction

Acquisition of Ordinary Shares

c)

Price(s) and volume

100,004 shares at 8.5p per share

d)

Aggregated information

100,004 Ordinary Shares of £0.01 acquired at 8.5p per Ordinary Share

e)

Date of the transaction

14 May 2018

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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