Satellite Solutions Wldwide Grp PLC Result of AGM (0818P)
May 23 2018 - 11:07AM
UK Regulatory
TIDMSAT
RNS Number : 0818P
Satellite Solutions Wldwide Grp PLC
23 May 2018
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Result of AGM
Share consolidation
Change of name to Bigblu Broadband plc
Satellite Solutions Worldwide Group plc (AIM: SAT), a leading
provider of alternative fast broadband services, announces that at
the Annual General Meeting ("AGM") held earlier today, all of the
resolutions put to shareholders were duly passed.
Consolidation and total voting rights
As a consequence of the resolutions being passed at the AGM, the
share consolidation announced by the Company on 30 April 2018 (and
referred to in the notice of AGM and the accompanying circular) has
been approved by shareholders. Further details of the consolidation
are set out in the Company's announcement of 30 April 2018.
From 24 May 2018, the Company will have 56,310,006 ordinary
shares of 15 pence each in issue ("New Ordinary Shares") and this
figure can be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify their interest in, or a change of their interest in, the
Company under the Disclosure Guidance and Transparency Rules of the
Financial Conduct Authority.
Admission of the New Ordinary Shares to trading on AIM is
expected to become effective at 8.00 a.m. on 24 May 2018. The
Company's new ISIN Code will be GB00BD5JMP10.
Change of name
The Company also announces that it has been re-named Bigblu
Broadband plc with effect from today. Trading in the New Ordinary
Shares under the new name will commence at 8.00 a.m. on 24 May
2018. The Company's new ticker symbol will be "BBB". The Company's
website address (including for the purposes of AIM Rule 26) will be
www.bbb-plc.com.
Historically, the Company's core competency has been satellite
broadband. However, the Company is fundamentally technology
agnostic and now operates a portfolio of different technologies,
including but not limited to, satellite, fixed wireless and
cellular 4G/5G to deliver turnkey alternative broadband solutions
to achieve maximum coverage and market penetration with profitable
delivery.
Therefore, to truly capitalise on the Company's brand identity,
the Company is focussing on one brand across multiple regions as
opposed to using the individual names of the Group's various
operating entities. Bigblu Broadband will unite all the operating
brands with a view to enhancing the Group's profile across the
countries in which it operates.
Contacts:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com
Group PLC
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Numis Securities (Nomad Tel: +44 (0)20 7260 1000
and broker)
Oliver Hardy (Corporate
Advisory)
James Black / Jonathan
Abbott (Corporate Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
Paul Cornelius / Nick or ssw@walbrookpr.com
Rome
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END
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