Last checked at 17 Aug 2017 08:20
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Completion of Acquisition, Directors Dealings and Notice of Results
Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural and alternative last-mile satellite broadband, announces that following today's admission of 143,571,428 new ordinary shares, it has completed the acquisition of Quickline Communications Limited ("Quickline"). This follows the announcements made by the Company on 28 July 2017 in relation to the Placing and acquisition of Quickline, and on 16 August 2017 in relation to the passing of the Resolutions at the General Meeting of the Company.
Total Voting Rights and Director Shareholdings
The Company now has 682,610,252 ordinary shares in issue 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.
All of the Directors participated in the Placing, subscribing for a combined total of 1,611,000 Placing Shares. Details of the Director subscription and their current shareholdings are in the table below.
Director | Position | Shareholding prior to Placing | No. of Placing Shares acquired | Current shareholding | % of current issued share capital |
Michael Tobin | Chairman | 1,373,666 | 329,000 | 1,702,666 | 0.3 |
Andrew Walwyn | CEO | 49,384,572 | 142,000 | 49,526,572 | 7.3 |
Frank Waters | CFO | 4,155,351 | 142,000 | 4,297,351 | 0.6 |
Simon Clifton | CTO | 33,848,450 | 142,000 | 33,990,450 | 5.0 |
Paul Howard | Non-executive Director | 1,966,667 | 142,000 | 2,108,667 | 0.3 |
Stephen Morana | Non-executive Director | 2,120,000 | 714,000 | 2,834,000 | 0.4 |
Total | 92,848,706 | 1,611,000 | 94,459,706 | 13.8 |
Notice of Results
The Company will announce results for the six-month period ended 31 May 2017 on Thursday 31 August 2017.
Defined terms used in this announcement have the same meaning as those within the Company's announcement on 28 July 2017.
Contacts:
Satellite Solutions Worldwide Group PLC | www.satellitesolutionsworldwide.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
Numis Securities (Nomad and broker) Oliver Hardy / Simon Willis (Corporate Advisory) James Black / Jonathan Abbott (Corporate Broking) | Tel: +44 (0)20 7260 1000 |
Walbrook PR (PR advisers) | Tel: +44 (0)20 7933 8780 |
Paul Cornelius / Nick Rome | or ssw@walbrookpr.com |
DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Michael Tobin |
2. | Reason for the notification | |
a) | Position/status: | Non-Executive Chairman |
b) | Initial notification/Amendment: | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name: | Satellite Solutions Worldwide Group plc |
b) | LEI: | N/A |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.01 each
ISIN: GB00BT6SRD21 |
b) | Nature of the transaction | Acquisition of Ordinary Shares |
c) | Price(s) and volume | 329,000 shares at 7.0p per share |
d) | Aggregated information | 329,000 Ordinary Shares of £0.01 acquired at 7p per Ordinary Share |
e) | Date of the transaction | 16 August 2017 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Mr Andrew Walwyn |
2. | Reason for the notification | |
a) | Position/status: | Chief Executive Officer |
b) | Initial notification/Amendment: | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name: | Satellite Solutions Worldwide Group plc |
b) | LEI: | N/A |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.01 each
ISIN: GB00BT6SRD21 |
b) | Nature of the transaction | Acquisition of Ordinary Shares |
c) | Price(s) and volume | 142,000 shares at 7.0p per share |
d) | Aggregated information | 142,000 Ordinary Shares of £0.01 acquired at 7p per Ordinary Share |
e) | Date of the transaction | 16 August 2017 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Mr Frank Waters |
2. | Reason for the notification | |
a) | Position/status: | Chief Financial Officer |
b) | Initial notification/Amendment: | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name: | Satellite Solutions Worldwide Group plc |
b) | LEI: | N/A |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.01 each
ISIN: GB00BT6SRD21 |
b) | Nature of the transaction | Acquisition of Ordinary Shares |
c) | Price(s) and volume | 142,000 shares at 7.0p per share |
d) | Aggregated information | 142,000 Ordinary Shares of £0.01 acquired at 7p per Ordinary Share |
e) | Date of the transaction | 16 August 2017 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Mr Simon Clifton |
2. | Reason for the notification | |
a) | Position/status: | Chief Technical Officer |
b) | Initial notification/Amendment: | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name: | Satellite Solutions Worldwide Group plc |
b) | LEI: | N/A |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.01 each
ISIN: GB00BT6SRD21 |
b) | Nature of the transaction | Acquisition of Ordinary Shares |
c) | Price(s) and volume | 142,000 shares at 7.0p per share |
d) | Aggregated information | 142,000 Ordinary Shares of £0.01 acquired at 7p per Ordinary Share |
e) | Date of the transaction | 16 August 2017 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Paul Howard |
2. | Reason for the notification | |
a) | Position/status: | Non-Executive Director |
b) | Initial notification/Amendment: | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name: | Satellite Solutions Worldwide Group plc |
b) | LEI: | N/A |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.01 each
ISIN: GB00BT6SRD21 |
b) | Nature of the transaction | Acquisition of Ordinary Shares |
c) | Price(s) and volume | 142,000 shares at 7.0p per share |
d) | Aggregated information | 142,000 Ordinary Shares of £0.01 acquired at 7p per Ordinary Share |
e) | Date of the transaction | 16 August 2017 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Stephen Morana |
2. | Reason for the notification | |
a) | Position/status: | Non-Executive Director |
b) | Initial notification/Amendment: | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name: | Satellite Solutions Worldwide Group plc |
b) | LEI: | N/A |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
a) | Description of the financial instrument, type of instrument Identification Code | Ordinary Shares of £0.01 each
ISIN: GB00BT6SRD21 |
b) | Nature of the transaction | Acquisition of Ordinary Shares |
c) | Price(s) and volume | 714,000 shares at 7.0p per share |
d) | Aggregated information | 714,000 Ordinary Shares of £0.01 acquired at 7p per Ordinary Share |
e) | Date of the transaction | 16 August 2017 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |