Transaction in Own Shares

RNS Number : 1400X

Global Invacom Group Limited

26 August 2015

 

GLOBAL INVACOM GROUP LIMITED

("Global Invacom" or "the Company")

Transaction in Own Shares

Global Invacom announces that on 26 August 2015, it purchased 7,000,000 ordinary shares of no par value ("Ordinary Shares") at a price of SGD 0.22181, to be held in treasury (the "Purchase").

The shares were purchased in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 29 April 2015.

Global Invacom advises that, following the Purchase, the Company's issued share capital is 282,402,299 Ordinary Shares (including 34,957,900 Ordinary Shares held as treasury shares). Therefore the Company's total number of Ordinary Shares with voting rights is 247,444,399.

For the avoidance of doubt, as announced by the Company in its announcement dated 25 August 2015, the share transfer forms in respect of 27,957,828 treasury shares ("Consideration Shares"), which forms the consideration payable pursuant to the Company's acquisition of Skyware Global, have yet to be deposited by the vendor of Skyware Global into CDP.  Accordingly, as of the date of this announcement, the Consideration Shares have yet to be transferred, and remain with the Company.  The Company will make further announcements when the Consideration Shares are transferred.

Ends

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 United Kingdom [phone]

On behalf of Global Invacom Group Limited:

finnCap Ltd (Nominated Adviser and Joint Broker)

Christopher Raggett/ Simon Hicks (Corporate Finance)

Rhys Williams (Corporate Broking and Sales)

[phone]

Mirabaud Securities LLP (Joint Broker)

Peter Krens (Equity Capital Markets)

[phone]

Bell Pottinger LLP (UK Financial PR)

David Rydell / David Bass / Lucy Stewart

[phone]

WeR1 Consultants Pte Ltd (Singapore Financial PR)

Sheryl Sim, [e-mail] 

Ian Lau, [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 seven 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 25 August 2015, Global Invacom completed the acquisition of Skyware Global, a leading U.S.-based designer and supplier of satellite antenna 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

 

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