Satellite Solutions Wldwide Grp PLC Board Appointment (1980L)

TIDMSAT

RNS Number : 1980L

Satellite Solutions Wldwide Grp PLC

29 September 2016

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

Board Appointment

Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural and last-mile satellite broadband, announces the appointment of Chief Technology Officer, Simon Clifton, as a director of the Company with immediate effect.

Simon was one of the founding members of the Company and has served as Chief Technology Officer following since its inception. He has been instrumental in researching and developing SSW's satellite broadband and fixed wireless product portfolio allowing the Company to deliver ground breaking customer broadband and additional related services in multiple countries. Previous to SSW, Simon spent 13 years in satellite communications and broadband product development, before which he was involved in cellular telecoms.

Simon has a 5.8 per cent stake in the Company, as such the Board's total holdings have now increased to 18.2 per cent.

Andrew Walwyn, CEO of SSW, commented: "Having co-founded the business with Simon, I am delighted to welcome him to the Board. Simon's knowledge and expertise have been invaluable in establishing and growing the Company and I look forward to continuing to work alongside him as we establish SSW as a global broadband provider."

For further information:

 
 Satellite Solutions Worldwide    www.satellitesolutionsworldwide.com 
  Group PLC 
 Andrew Walwyn, Chief Executive   Via Walbrook PR 
  Officer 
 
 Strand Hanson (Nominated         Tel: [phone] 
  Adviser)                         3494 
 Andrew Emmott / Ritchie 
  Balmer 
 Arden Partners plc (Broker)      Tel: [phone] 
                                   5900 
 Catherine Miles / James 
  Felix / Ciaran Walsh 
 Walbrook PR (PR advisers)        Tel: [phone] 
                                   8780 
 Paul Cornelius / Nick Rome       or [e-mail] 
 

Additional Information

Other than as set out below there is no further information to be disclosed under Schedule 2(g) and Rule 17 of the AIM Rules in respect of Simon's appointment today as Director of the Company.

Disclosures for Simon Clifton (aged 53)

 
  Current directorships/partnerships   Previous directorships/partnerships 
                                        in the last 5 years 
  Satellite Solutions                  None 
   Worldwide Group plc 
  Satellite Solutions 
   Worldwide Limited 
 
 

Simon was a director of Expertplace Ltd which was subject to a compulsory winding up order which was granted on 10 June 1996. Simon was also a director of Tariam Limited which was subject to a compulsory winding up order which was granted on 20 May 2009.

Simon Clifton owns 31,348,450 ordinary shares of GBP0.01 each in the Company ("Ordinary Shares"), representing a shareholding of 5.8 per cent. of the current issued share capital of the Company. Simon Clifton holds no options or warrants over Ordinary Shares.

About SSW

Established in 2008, SSW offers a broad range of satellite broadband services with customers across 32 countries. SSW's solutions target B2C and B2B users, and the Company has products developed specifically for the broadcasting, Police and Military markets. SSW operates a number of brands Europasat (Europe), Breiband (Nordics) and SkyMesh (Australia) and is now the fourth largest independent provider of satellite broadband internet services in the world.

Last year's listing on the London Stock Exchange together with the support from Business Growth Fund and the investor community this year have put the Company in an excellent position to continue strong organic growth in its subscriber base and recurring revenues as well as execute on its preferred acquisition partners. The Directors of SSW believe there is a major opportunity to continue this organic growth and as appropriate consider acquisitions throughout the fragmented European satellite broadband market and further afield.

Working closely with satellite owners and operators, SSW targets customers in the 'digital divide' with solutions that deliver up to 30 Mbps satellite based broadband services or fixed wireless to almost any premises, whether residential, commercial or industrial across Europe and Australia, irrespective of location or local infrastructure.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAGIGDCUXDBGLC

(END) Dow Jones Newswires

September 29, 2016 04:37 ET (08:37 GMT)