19 Feb 2016 10:45
GLOBAL INVACOM GROUP LIMITED
(Incorporated in Singapore)
(Company Registration No: 200202428H)
NOTICE OF TRANSFER OF TREASURY SHARES
Pursuant to Rule 704(28) of the Listing Manual of the Singapore Exchange Securities Trading Limited, Global Invacom Group Limited (the "Company") wishes to announce the following:
1. | Date of transfer of treasury shares
| 19 February 2016 |
2. | Purpose of transfer
| Pursuant to the completion of a share purchase agreement between the Company, Satellite Holdings LLC and Satellite Acquisition Corporation dated 1 June 2015 ("SPA"). Please refer to the Company's announcement dated 2 June 2015 for more information on the SPA.
|
3. | Number of treasury shares transferred
| 24,334,179 |
4. | Number of treasury shares held before the transfer
| 38,697,900 |
5. | Number of treasury shares held after the transfer
| 14,363,721 |
6. | Percentage of total number of outstanding ordinary shares (excluding treasury shares) before the transfer
| 15.88%(1) |
7. | Percentage of total number of outstanding ordinary shares (excluding treasury shares) after the transfer
| 5.36%(2) |
8. | Value of treasury shares transferred
| S$8,926,000 |
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Notes
(1) The percentage is based on 243,704,399 issued ordinary shares (excluding 38,697,900 treasury shares) in the share capital of the Company as at 19 February 2016.
(2) The percentage is based on 268,038,578 issued ordinary shares (excluding 14,363,721 treasury shares) in the share capital of the Company as at 19 February 2016.
BY ORDER OF THE BOARD
Anthony Brian Taylor
Executive Chairman
19 February 2016