14 May 2018 11:44
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Result of General Meeting
Satellite Solutions Worldwide Group plc (AIM: SAT), a leading provider of alternative fast broadband services, announces that at the General Meeting held earlier today, all of the resolutions put to shareholders were duly passed.
Following the Company's announcement on 26 April 2018, application has been made for 141,400,004 Placing Shares and 20,639,834 Consideration Shares to be admitted to trading on AIM and it is expected that Admission will occur on 15 May 2018. Following Admission, the Company will have 844,650,090 ordinary shares in issue. Defined terms used in this announcement have the same meaning as those within the Company's announcement on 26 April 2018.
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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About SSW
Established in 2008, the Group specialises in the provision of alternative fast broadband for premises located in areas where there are poor wired broadband speeds. With customers in 30 countries, SSW uses satellite and fixed wireless broadband technologies to connect users who are either unserved or underserved.
SSW's solutions target B2C and B2B users, and the Company has products developed specifically for consumers, business and government markets. SSW operates a number of brands such as Europasat (satellite broadband services in Europe), Breiband (Nordics), SkyMesh (Australia) and Quickline Communications (fixed wireless services in the UK) and is a leading provider of fast broadband internet services via satellite and fixed wireless services.
The 2015 listing on the AIM market of the London Stock Exchange, together with funding and support from BGF and other investors in 2016 and 2017, means the Company now enjoys strong organic growth and recurring revenues, complementing its acquisition strategy.
Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 40 Mbps satellite based broadband services or fixed wireless to premises, whether residential, commercial or industrial across Europe and Australia, irrespective of location or local infrastructure.
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