Global Invacom Group Limited Grant of Options (6668W)

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RNS Number : 6668W

Global Invacom Group Limited

22 August 2022

Global Invacom Group Limited

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

Grant of Options

Singapore/London, 22 August 2022 - Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, today announces that a total of 10,000,000 options ("Options") over the Company's ordinary shares of no par value ("Ordinary Shares") were granted to employees pursuant to the Global Invacom Share Option Scheme 2013 ("Scheme"). The Options were granted with an exercise price of S$0.07 (c. 4 pence) per Ordinary Share, being the average of the last dealt price on the SGX for the five consecutive trading days. The Options granted are exercisable in 2 tranches: (i) 5,000,000 from 22 August 2023 to 21 August 2032; and (ii) 5,000,000 from 22 August 2024 to 21 August 2032.

No Directors or PDMRs were granted Options. Following this grant, the Company has a total of 18,574,000 Options in issue under the Scheme.

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 / Richard Johnson / David     Tel: [phone] 
  Asquith                                    3494 
 
 Vigo Consulting (UK Media & Investor       www.vigoconsulting.com 
  Relations) 
 Jeremy Garcia / Kendall Hill               Tel: [phone] 
                                             0238 
 [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 U.S. 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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August 22, 2022 05:30 ET (09:30 GMT)