Global Invacom Group Limited Grant of Options (5697R)

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RNS Number : 5697R

Global Invacom Group Limited

02 March 2023

Global Invacom Group Limited

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

Grant of Options

Singapore/London, 2 March 2023 - Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, announces that a total of 1,800,000 options ("Options") over the Company's ordinary shares of no par value ("Ordinary Shares") were granted to Mr Gordon Blaikie, Interim Chief Executive Officer and Executive Director, pursuant to the Global Invacom Share Option Scheme 2013 ("Scheme"). The Options were granted with an exercise price of S$0.05 (c. 3 pence) per Ordinary Share, being the average of the last dealt price on the SGX for the five consecutive trading days. Of the Options, 900,000 are exercisable from 2 March 2024 to 1 March 2033 and 900,000 are exercisable from 2 March 2025 to 1 March 2033.

The total Options held by Mr Gordon Blaikie will be 3,994,000.

Save for the above, the Directors' interests remain unchanged and as previously announced.

Following this grant, the Company has a total of 16,394,000 Options in issue under the Scheme.

For further information, please contact:

 
 Global Invacom Group Limited               www.globalinvacom.com 
 Gordon Blaikie, Interim Chief Executive    via Vigo Consulting 
  Officer 
 
 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 / Fiona Hetherington /       Tel: [phone] 
  Kendall Hill                               0238 
 [e-mail] 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
       Details of the person discharging managerial responsibilities 
  1.    / person closely associated 
 a)    Name                             Mr Gordon Blaikie 
      -------------------------------  ------------------------------------------- 
       Reason for the Notification 
  2. 
      ---------------------------------------------------------------------------- 
 a)    Position/status                  Interim CEO and Executive Director 
      -------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment   Initial notification 
      -------------------------------  ------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3.    auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                             Global Invacom Group Limited 
      -------------------------------  ------------------------------------------- 
 b)    LEI                              213800EHSM1ITAQYDT90 
      -------------------------------  ------------------------------------------- 
       Details of the transaction(s): section to be repeated for 
  4.    (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      ---------------------------------------------------------------------------- 
 a)    Description of the               Ordinary Shares of no par value 
        Financial instrument, 
        type of instrument 
       Identification code              ISIN: SG2E91982768 
      -------------------------------  ------------------------------------------- 
 b)    Nature of the transaction        Grant of Options to subscribe for ordinary 
                                         shares of no par value 
      -------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)      Volume(s) 
                                          S$0.05 (c. 
                                           3 pence)     1,800,000 
                                                       ---------- 
      -------------------------------  ------------------------------------------- 
 d)    Aggregated information:          N/A 
        Aggregated volume 
        Price 
      -------------------------------  ------------------------------------------- 
 e)    Date of the transaction          2 March 2023 
      -------------------------------  ------------------------------------------- 
 f)    Place of the transaction         Outside a trading venue 
      -------------------------------  ------------------------------------------- 
 

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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March 02, 2023 04:30 ET (09:30 GMT)