Global Invacom Group Limited Notice of inclusion on Singapore Watchlist (2580Q)
June 05 2018 - 2:00AM
UK Regulatory
TIDMGINV
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 Tel: +65 6431
Officer 0782
Tel: +44 203
053 3523
finnCap Ltd (Nominated Adviser www.finncap.com
and Joint Broker)
Christopher Raggett / Simon Hicks Tel: +44 207
(Corporate Finance) 220 0500
Mirabaud Securities LLP (Joint www.mirabaud.com
Broker)
Peter Krens (Equity Capital Markets) Tel: +44 207
878 3362
WeR1 Consultants Pte Ltd (Singapore www.wer1.net
Investor Relations)
Ian Lau / Roshan Singh Tel: +65 6737
4844
ianlau@wer1.net / roshansingh@wer1.net
Vigo Communications (UK Media www.vigocomms.com
& Investor Relations)
Jeremy Garcia / Fiona Henson Tel: +44 207
830 9701
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, 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
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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