Satellite Solutions Wldwide Grp PLC Director Declaration (1018Q)

TIDMSAT

RNS Number : 1018Q

Satellite Solutions Wldwide Grp PLC

24 November 2016

Satellite Solutions Worldwide Group plc

("SSW" or the "Group")

Director Declaration

Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural, last-mile satellite broadband, announces in accordance with AIM Rule 17 of the AIM Rules for Companies, that it has been informed today that Contentment Limited, of which Rodger Sargent, Non-Executive Director of the Group was a Director, was placed into creditor's voluntary liquidation and winding up commenced on 27 July 2016.

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 
 Oakley Capital (Financial        Tel: [phone] 
  Adviser) 
 Chris Godsmark / Victoria 
  Boxall 
 
 Walbrook PR (PR advisers)        Tel: [phone] 
                                   8780 
 Paul Cornelius / Nick Rome       or [e-mail] 
 

About SSW

Established in 2008, SSW specialises in the provision of rural and last mile 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 such as 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

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November 24, 2016 08:51 ET (13:51 GMT)