Director/PDMR Shareholding - replacement

RNS Number : 0009I

Global Invacom Group Limited

16 March 2018

 

The following amendments have been made to the "Director/PDMR Shareholding" announcement released on 15 March 2018 under RNS number 8484H.

Due to a settlement error, Mr Chan's purchase of ordinary shares did not complete at the prices and time indicated in RNS number 8484H.

Mr Chan has now today purchased 44,000 ordinary shares at S$0.139 per ordinary share and 106,000 ordinary shares at S$0.140 per ordinary share. The date and these prices have been corrected wherever referred to in this replacement RNS.

The full amended text is shown below.

GLOBAL INVACOM GROUP LIMITED

Director/PDMR Shareholding

16 March 2018 - Global Invacom Group Limited ("Global Invacom" or "the Group"), a satellite communications ("Sat Comms") equipment provider listed on the Singapore Exchange and the U.K. AIM Market, announces that on 16 March 2018, Mr Basil Chan, Non-Executive Director of the Group, purchased 150,000 ordinary shares of no par value in the Group ("Ordinary Shares") at an average price of S$0.1397 per Ordinary Share (the "Purchase").

Following the Purchase, Mr Chan is beneficially interested in 165,000 Ordinary Shares, representing 0.061% of the Group's issued share capital.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Basil Chan
2.	Reason for the Notification
a)	Position/status	Non-Executive Director / PDMR
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Global Invacom Group Limited
b)	LEI	213800EHSM1ITAQYDT90
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	Ordinary Shares of no par value
	Identification code	SG2E91982768
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) S$0.139 44,000 S$0.140 106,000
d)	Aggregated information: Aggregated volume Price	Purchase of 44,000 ordinary shares at a price of S$0.139 per ordinary share Purchase of 106,000 ordinary shares at a price of S$0.140 per ordinary share
e)	Date of the transaction	16 March 2018
f)	Place of the transaction	Main Board of the Singapore Exchange Securities Trading Limited

For media queries, please contact

Matthew Garner

Chief Financial Officer

Global Invacom Group Limited 

8 Temasek Boulevard   #20-03 Suntec Tower Three Singapore 038988 [phone]

Freeman House John Roberts Business Park Canterbury CT5 3BJ [phone]

On behalf of Global Invacom Group Limited:

finnCap Ltd (Nominated Adviser and Joint Broker)

Christopher Raggett/Simon Hicks (Corporate Finance)

[phone]

Mirabaud Securities LLP (Joint Broker)

Peter Krens (Equity Capital Markets)

[phone]

WeR1 Consultants Pte Ltd (Singapore Investor Relations)

Ian Lau, [e-mail]

Roshan Singh, [e-mail] 

[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 six manufacturing plants across China, Israel, Malaysia, U.K. and the U.S. Its customers include satellite broadcasters such as BSkyB of the U.K. and Dish Network of the U.S.A.

On 24 August 2015, Global Invacom completed the acquisition of Global Skyware, a leading U.S.-based designer and supplier of satellite antennas products and services for C-band, Ku-band and Ka-band frequency platforms, positioning itself as the world's only full-service outdoor unit supplier.

Global Invacom provides a full range of dish antennas, LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in TV peripherals, computer peripherals, medical, and consumer electronics industries.

For more information, please refer to www.globalinvacom.com

 

END

 

 

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