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: [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
Lai Kwok Kin	Tel: [phone]
[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, 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.

 

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