16 Mar 2018 11:30
The following amendments have been made to the "Director/PDMR Shareholding" announcement released on 15 March 2018 under RNS number 8484H.
Due to a settlement error, Mr Chan's purchase of ordinary shares did not complete at the prices and time indicated in RNS number 8484H.
Mr Chan has now today purchased 44,000 ordinary shares at S$0.139 per ordinary share and 106,000 ordinary shares at S$0.140 per ordinary share. The date and these prices have been corrected wherever referred to in this replacement RNS.
The full amended text is shown below.
GLOBAL INVACOM GROUP LIMITED
Director/PDMR Shareholding
16 March 2018 - Global Invacom Group Limited ("Global Invacom" or "the Group"), a satellite communications ("Sat Comms") equipment provider listed on the Singapore Exchange and the U.K. AIM Market, announces that on 16 March 2018, Mr Basil Chan, Non-Executive Director of the Group, purchased 150,000 ordinary shares of no par value in the Group ("Ordinary Shares") at an average price of S$0.1397 per Ordinary Share (the "Purchase").
Following the Purchase, Mr Chan is beneficially interested in 165,000 Ordinary Shares, representing 0.061% of the Group's issued share capital.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Basil Chan | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Non-Executive Director / PDMR | ||||||
b) | Initial notification/Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Global Invacom Group Limited | ||||||
b) | LEI | 213800EHSM1ITAQYDT90 | ||||||
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 | Ordinary Shares of no par value | ||||||
Identification code | SG2E91982768 | |||||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information: Aggregated volume Price | Purchase of 44,000 ordinary shares at a price of S$0.139 per ordinary share
Purchase of 106,000 ordinary shares at a price of S$0.140 per ordinary share
| ||||||
e) | Date of the transaction | 16 March 2018 | ||||||
f) | Place of the transaction | Main Board of the Singapore Exchange Securities Trading Limited | ||||||
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 +44 203 053 3523 |
On behalf of Global Invacom Group Limited:
finnCap Ltd (Nominated Adviser and Joint Broker)
Christopher Raggett/Simon Hicks (Corporate Finance)
+44 207 220 0500
Mirabaud Securities LLP (Joint Broker)
Peter Krens (Equity Capital Markets)
+44 207 878 3362
WeR1 Consultants Pte Ltd (Singapore Investor Relations)
Ian Lau, ianlau@wer1.net
Roshan Singh, roshansingh@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 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.
On 24 August 2015, Global Invacom completed the acquisition of Global Skyware, 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
GINV.L (GINV)