Last checked at 15 May 2018 08:20
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Completion of Acquisitions and Director Dealings
Satellite Solutions Worldwide Group plc (AIM: SAT), a leading provider of alternative fast broadband services, announces that following today's admission of 162,039,838 new ordinary shares it has completed the acquisition of Sat Internet Services GMBH ("Sat Internet") and, subject to a formal procedure being completed later today in Italy, the acquisition of Open Sky S.R.L. ("Open Sky") (the "Acquisitions"). This follows the announcements made by the Company on 26 April 2018 in relation to the Acquisitions, and on 14 May 2018 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 844,650,090 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.
Michael Tobin, Chairman, subscribed for 100,004 Placing Shares at the Placing Price. The number of Ordinary Shares now held by Mr Tobin immediately following Admission is 1,802,670.
Contacts:
Satellite Solutions Worldwide Group PLC | www.satellitesolutionsworldwide.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
Numis Securities (Nomad and broker) Oliver Hardy (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/ Sam Allen | or ssw@walbrookpr.com
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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: | 2138008P6X5EX455KU41
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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 | 100,004 shares at 8.5p per share |
d) | Aggregated information | 100,004 Ordinary Shares of £0.01 acquired at 8.5p per Ordinary Share |
e) | Date of the transaction | 14 May 2018 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |