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GINV Global Invacom Group Limited

3.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Global Invacom Group Limited LSE:GINV London Ordinary Share SG2E91982768 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.00 2.50 3.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Global Invacom Group Limited Notice of inclusion on Singapore Watchlist (2580Q)

05/06/2018 7:00am

UK Regulatory


Global Invacom (LSE:GINV)
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RNS Number : 2580Q

Global Invacom Group Limited

05 June 2018

Global Invacom Group Limited

("Global Invacom" or the "Company")

Notice of inclusion on Singapore Watchlist

Notification of inclusion on the watch-list due to the minimum trading price ("MTP") entry criterion with effect from 5 June 2018

The board of directors (the "Board") of Global Invacom Group Limited (the "Company") wishes to announce that the Singapore Exchange Securities Trading Limited (the "SGX-ST") has notified the Company that, pursuant to Listing Rule 1311(2) of the Listing Manual, the Company will be placed on the watch-list due to the MTP Entry Criterion with effect from 5 June 2018.

The Company must take active steps to meet the requirements of Listing Rule 1314(2) of the Listing Manual within 36 months from 5 June 2018, failing which SGX-ST would delist the Company or suspend trading in the Company's shares with a view to delisting the Company.

Listing Rule 1314(2) of the Listing Manual states that the Company will be assessed by the SGX-ST for removal from the watch-list if it has remained on the watch-list for at least 6 months (excluding the time spent on the watch-list due to the Financial Entry Criteria) and records volume-weighted average price of at least S$0.20 over the last 6 months prior (the "NTP Exit Criteria") prior to the SGX-ST's review.

The Board wishes to notify all its shareholders and business partners that the Company is actively considering various options to meet the requirements of Listing Rule 1314(2) within 36 months from 5 June 2018 and will provide updates to shareholders in due course.

For further information, please contact:

 
 Global Invacom Group Limited             www.globalinvacom.com 
 Matthew Garner, Chief Financial          Tel: +65 6431 
  Officer                                  0782 
                                           Tel: +44 203 
                                           053 3523 
 
 finnCap Ltd (Nominated Adviser           www.finncap.com 
  and Joint Broker) 
 Christopher Raggett / Simon Hicks        Tel: +44 207 
  (Corporate Finance)                      220 0500 
 
 Mirabaud Securities LLP (Joint           www.mirabaud.com 
  Broker) 
 Peter Krens (Equity Capital Markets)     Tel: +44 207 
                                           878 3362 
 
 WeR1 Consultants Pte Ltd (Singapore      www.wer1.net 
  Investor Relations) 
 Ian Lau / Roshan Singh                   Tel: +65 6737 
                                           4844 
 ianlau@wer1.net / roshansingh@wer1.net 
 
 Vigo Communications (UK Media            www.vigocomms.com 
  & Investor Relations) 
 Jeremy Garcia / Fiona Henson             Tel: +44 207 
                                           830 9701 
 ginv@vigocomms.com 
 

About Global Invacom Group Limited

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.

Global Invacom provides a full range of antennas, LNB receivers, fibre distribution equipment, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in military, medical, and consumer electronics industries. Following the acquisition in 2015 of Global Skyware, a leading US-based designer and supplier of satellite antennas products and services, the Company became the world's only full-service outdoor unit supplier.

Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.

For more information, please refer to www.globalinvacom.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCFKQDNABKDAAK

(END) Dow Jones Newswires

June 05, 2018 02:00 ET (06:00 GMT)

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