21 Mar 2016 09:08
GLOBAL INVACOM GROUP LIMITED
Incorporated in Singapore
(Company Registration No: 200202428H)
RESPONSE TO SGX QUERIES REGARDING TRADING ACTIVITY
The Board of Directors of Global Invacom Group Limited (the "Company") wish to set out below its response to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") dated 21 March 2016, regarding unusual price movements in the shares of the Company:
Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.
Response: The Company is not aware of any information not previously announced concerning the Company or its subsidiaries which explain the trading today.
Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Response: The Company is not aware of any other possible explanation for the trading.
Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
Response: The Company confirms its compliance with the listing rules, in particular, Mainboard Rule 703.
The Board of Directors collectively and individually takes responsibility for the accuracy of the aforesaid replies to the queries raised by SGX-ST.
BY ORDER OF THE BOARD
Anthony Brian Taylor
Executive Chairman
21 March 2016
For media queries, please contact
Matthew Garner
Chief Financial Officer
Global Invacom Group Limited
8 Temasek Boulevard #20-03 Suntec Tower Three Singapore 038988 +65 6884 3423 | Freeman House John Roberts Business Park Canterbury CT5 3BJ United Kingdom +44 203 053 3523 |
On behalf of Global Invacom Group Limited:
finnCap Ltd (Nominated Adviser and Joint Broker)
Christopher Raggett / Simon Hicks (Corporate Finance)
Rhys Williams (Corporate Broking and Sales)
+44 207 220 0500
Mirabaud Securities LLP (Joint Broker)
Peter Krens (Equity Capital Markets)
+44 207 878 3362
Bell Pottinger LLP (UK Financial PR)
David Rydell / David Bass / Lucy Stewart
+44 203 772 2500
WeR1 Consultants Pte Ltd (Singapore Financial PR)
Ian Lau, ianlau@wer1.net
Lai Kwok Kin, laikkin@wer1.net
+65 6737 4844
About Global Invacom Group Limited
Global Invacom Group Limited ("Global Invacom") is listed on the Singapore Exchange Securities Trading Limited Mainboard ("SGX-ST") and its shares are admitted to trading on the AIM Market of the London Stock Exchange in the U.K.
Global Invacom is a fully integrated satellite equipment provider with seven 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.
On 24 August 2015, Global Invacom completed the acquisition of Skyware Global, a leading U.S.-based designer and supplier of satellite antennas products and services for C-band, Ku-band and Ka-band frequency platforms, positioning itself as the world's only full-service outdoor unit supplier.
Global Invacom provides a full range of dish antennas, LNB receivers, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in TV peripherals, computer peripherals, medical, and consumer electronics industries.
For more information please refer to www.globalinvacom.com