Global Invacom Group Limited Extension of time to hold AGM (2124J)

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RNS Number : 2124J

Global Invacom Group Limited

08 April 2020

8 April 2020

Global Invacom Group Limited

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

EXTENSION OF TIME TO HOLD THE COMPANY'S ANNUAL GENERAL MEETING

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

The Board of Directors (the "Board") of Global Invacom provides an update to the announcement dated 6 April 2020 relating to the application for extension of time to hold the Annual General Meeting ("AGM") for the financial year ended 31 December 2019 ("FY2019").

On 7 April 2020, the Singapore Exchange Regulation ("SGX RegCo") announced that, in consultation with the Accounting and Corporate Regulatory Authority ("ACRA") and the Monetary Authority of Singapore ("MAS"), SGX Regco will automatically extend by 60-days the deadlines for all issuers with the financial year-end on or before 31 March 2020 to hold their annual general meetings.

On 7 April 2020, ACRA announced that it will automatically grant a 60-days extension of time for all companies whose annual general meetings are due during the period from 16 April 2020 to 31 July 2020.

Extension of time to hold AGM

The Company's financial year-end is 31 December 2019 ("FY2019").

The Board confirms that the time extension does not contravene any laws and regulations governing the Company and the Constitution of the Company.

In view of the above, the Company is automatically granted a 60-days extension of time to hold its AGM for FY2019 as announced by SGX Regco and ACRA on 7 April 2020.

Indicative timeline to convene AGM

The table below sets out the indicative timeline to convene the Company's AGM for FY2019:

 
 Event                                   Indicative Date (on or before) 
 Announce the annual report for FY2019   15 April 2020 
  on LSE 
                                        ------------------------------- 
 Holding of AGM                          29 June 2020 
                                        ------------------------------- 
 

Please note that the above date of holding of AGM is indicative only and subject to changes in light of the developing COVID-19 situation. Please refer to further announcement(s) by the Company for the definitive date of the AGM in due course.

For further information, please contact:

 
 Global Invacom Group Limited                   www.globalinvacom.com 
 Matthew Garner, Chief Financial Officer        Tel: [phone] 
                                                 Tel: [phone] 
                                                 3523 
 
 finnCap Ltd (Nominated Adviser and Joint       www.finncap.com 
  Broker) 
 Christopher Raggett / Matthew Radley           Tel: [phone] 
  (Corporate Finance)                            0500 
 
 Mirabaud Securities LLP (Joint Broker)         www.mirabaud.com 
 Peter Krens (Equity Capital Markets)           Tel: [phone] 
                                                 3362 
 
 WeR1 Consultants Pte Ltd (Singapore Investor   www.wer1.net 
  Relations) 
 Jordan Teo / Ryan del Agua                     Tel: [phone] 
 [e-mail] 
 
 Vigo Communications (UK Media & Investor       www.vigocomms.com 
  Relations) 
 Jeremy Garcia / Charlie Neish                  Tel: [phone] 
                                                 0238 
 [e-mail] 
 

About Global Invacom Group Limited

Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, UK and the US. Its customers include satellite broadcasters such as BSkyB 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 antennas, LNB receivers, transceivers, 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 [e-mail] or visit www.rns.com.

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April 08, 2020 05:32 ET (09:32 GMT)