Global Invacom Group Limited Quarterly Update Pursuant to Rule 1313(2) (8373M)
May 14 2020 - 2:00AM
UK Regulatory
TIDMGINV
RNS Number : 8373M
Global Invacom Group Limited
14 May 2020
14 May 2020
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Quarterly Update Pursuant to Rule 1313(2)
Global Invacom (SGX: QS9) (AIM: GINV), the global provider of
satellite communications equipment and electronics, notes as per
its announcement dated 5 June 2018 in relation to the notification
of inclusion on the Watch-list pursuant to the minimum trading
price ("MTP") entry criterion pursuant to Listing Rule 1311(2) with
effect from 5 June 2018.
Pursuant to Rule 1313(2) of the Listing Manual of the SGX-ST,
the Company must, for the period in which it remains on the
Watch-list, provide the market with a quarterly update on its
efforts and the progress made in meeting the exit criterion of the
Watch-list.
Please refer to the announcement on 14 May 2020 on the business
update on the Group's financial performance and position for the
quarter ended 31 March 2020.
On 11 May 2020, the Singapore Exchange Regulation announced that
it is removing the MTP rule for Mainboard issuers with effect from
1 June 2020. Accordingly, the Company will no longer need to
satisfy the exit criteria for removal from the MTP watch-list and
will no longer be required to provide quarterly updates pursuant to
Rule 1313(2) of the Listing Manual of the SGX-ST.
Notwithstanding the foregoing, the Board would like to assure
the shareholders of the Company that the Company will continue to
comply with its continuing disclosure obligations to keep
shareholders updated should there be any material developments
(financial or otherwise) relating to the Company or the Group.
Taking into account investors' expectations, its competitive
environment and long-term business strategy, the Company may
provide voluntary business updates to shareholders as and when
necessary.
For further information, please contact:
Global Invacom Group Limited www.globalinvacom.com
Matthew Garner, Chief Financial Officer Tel: +65 6431 0782
Tel: +44 203 053
3523
finnCap Ltd (Nominated Adviser and Joint www.finncap.com
Broker)
Christopher Raggett / Matthew Radley Tel: +44 207 220
(Corporate Finance) 0500
Mirabaud Securities LLP (Joint Broker) www.mirabaud.com
Peter Krens (Equity Capital Markets) Tel: +44 207 878
3362
Vigo Communications (Media & Investor www.vigocomms.com
Relations)
Jeremy Garcia / Charlie Neish Tel: +44 207 390
0238
ginv@vigocomms.com
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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