Notice of inclusion on Singapore Watchlist

RNS Number : 2580Q

Global Invacom Group Limited

05 June 2018

 

Global Invacom Group Limited

("Global Invacom" or the "Company")

Notice of inclusion on Singapore Watchlist

Notification of inclusion on the watch-list due to the minimum trading price ("MTP") entry criterion with effect from 5 June 2018

The board of directors (the "Board") of Global Invacom Group Limited (the "Company") wishes to announce that the Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company that, pursuant to Listing Rule 1311(2) of the Listing Manual, the Company will be placed on the watch-list due to the MTP Entry Criterion with effect from 5 June 2018.

The Company must take active steps to meet the requirements of Listing Rule 1314(2) of the Listing Manual within 36 months from 5 June 2018, failing which SGX-ST would delist the Company or suspend trading in the Company's shares with a view to delisting the Company.

Listing Rule 1314(2) of the Listing Manual states that the Company will be assessed by the SGX-ST for removal from the watch-list if it has remained on the watch-list for at least 6 months (excluding the time spent on the watch-list due to the Financial Entry Criteria) and records volume-weighted average price of at least S$0.20 over the last 6 months prior (the "NTP Exit Criteria") prior to the SGX-ST's review.

The Board wishes to notify all its shareholders and business partners that the Company is actively considering various options to meet the requirements of Listing Rule 1314(2) within 36 months from 5 June 2018 and will provide updates to shareholders in due course.

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 / Simon Hicks (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
Ian Lau / Roshan Singh	Tel: [phone]
[e-mail] / [e-mail]
Vigo Communications (UK Media & Investor Relations)	www.vigocomms.com
Jeremy Garcia / Fiona Henson	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, 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.

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

 

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