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: [phone] Tel: [phone]
finnCap Ltd (Nominated Adviser and Joint Broker)	www.finncap.com
Christopher Raggett / Matthew Radley (Corporate Finance)	Tel: [phone]
Mirabaud Securities LLP (Joint Broker)	www.mirabaud.com
Peter Krens (Equity Capital Markets)	Tel: [phone]
WeR1 Consultants Pte Ltd (Singapore Investor Relations)	www.wer1.net
Jordan Teo / Ryan del Agua	Tel: [phone]
[e-mail]
Vigo Communications (UK Media & Investor Relations)	www.vigocomms.com
Jeremy Garcia / Fiona Henson / Charlie Neish	Tel: [phone]
[e-mail]

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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