Global Invacom Group Limited Director and Management Changes (7484D)

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RNS Number : 7484D

Global Invacom Group Limited

01 July 2021

Global Invacom Group Limited

("Global Invacom", the "Company" or the "Group")

Director and Management Changes

Singapore/London, 1 July 2021 - Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, announces that Mr Malcolm Burrell has stepped down as Executive Director and Chief Technical Officer of the Group, as part of his retirement plan, with immediate effect but will retain the role of Chief Risk Officer.

Global Invacom is pleased to announce the appointment of Mr Gordon Blaikie as an Executive Director of the Company, with immediate effect. Mr Blaikie joined Global Invacom in July 2012 and is currently the Chief Operating Officer, responsible for the manufacturing entities and sales functions of the Group. He has experience working closely with the Board and senior management team to strategise, streamline and improve the Group's operating performance. Following today's announcement, Mr Blaikie will be an Executive Director of the Company and the Chief Operating Officer of the Group.

Furthermore, the Company announces the appointment of Mr Derek Grice as the Chief Technical Officer of the Group, a non-board appointment. Mr Grice joined Global Invacom in September 2020 as EMEA Engineering Director and brings over 35 years of satellite product development experience to the Group. With his appointment as the Chief Technical Officer of the Group, he is responsible for the continuous development of new technologies and products for current and future market opportunities being addressed by the Company, communicate with the stakeholders on technology advances and changes, and provide guidance and information leading to the strategic direction of the business.

Mr Anthony Taylor, CEO and Executive Chairman of Global Invacom, said:

"We very much look forward to working with Mr Blaikie and Mr Grice in their new positions to further drive Global Invacom's position in the satellite communications market. The Board would also like to express their appreciation to Mr Burrell for his contribution to the Group since 1997 and is pleased to have Mr Burrell continue acting as the Chief Risk Officer of the Group, to oversee the risk and sustainability management of the Group."

The information pursuant to Rule 704(7)(a) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST") in relation to the above changes are released as separate announcements to the SGXNet today.

Additional Information

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Mr Gordon Blaikie (aged 55) has held the following directorships or partnerships in the past five years.

 
 Current Directorships/Partnerships        Past Directorships/Partnerships 
                                            within the last 5 years 
 Global Invacom (Shanghai) Co Ltd          Radiance Electronics (Shenzhen) 
                                            Co Ltd 
                                          -------------------------------- 
 Global Invacom Manufacturing (Shanghai)   Raven Group Limited 
  Co Ltd 
                                          -------------------------------- 
 Global Invacom Manufacturing (UK)         Raven UK Holdings Limited 
  Limited 
                                          -------------------------------- 
 OnePath Networks Inc 
                                          -------------------------------- 
 OnePath Networks Limited 
                                          -------------------------------- 
 PT Global Invacom Indonesia 
                                          -------------------------------- 
 Raven Antenna Systems Inc 
                                          -------------------------------- 
 Satellite Acquisition Corporation 
                                          -------------------------------- 
 The Waveguide Solution L td 
                                          -------------------------------- 
 

Mr Blaikie holds options over 2,194,000 ordinary shares in the Company.

Save as set out above there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies in respect of the appointment of Mr Gordon Blaikie.

For further information, please contact:

 
 Global Invacom Group Limited                www.globalinvacom.com 
 Tony Taylor, Executive Chairman               via Vigo Consulting 
 
 Strand Hanson Limited (Nominated Adviser   www.strandhanson.co.uk 
  and Broker) 
 James Harris / Rob Patrick                  Tel: [phone] 
 Vigo Consulting (Media & Investor               www.vigocomms.com 
  Relations) 
 Jeremy Garcia / Fiona Hetherington          Tel: [phone] 
 [e-mail] 
 

About Global Invacom Group Limited

Global Invacom is a fully integrated satellite equipment provider with sites across Singapore, China, Indonesia, Philippines, Malaysia, Israel, UK and the US. Its customers include satellite broadcasters such as Sky Group of the UK and Dish Network of the USA and Data over Satellite providers including Hughes Network Systems, Viasat and Gilat Satellite Networks.

Global Invacom provides a full range of satellite ground equipment including antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches, and video distribution components, as well as manufacturing services for the defence and healthcare sectors. The Group is 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 .

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July 01, 2021 02:00 ET (06:00 GMT)