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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 0.0% 6.00 5.00 7.00 6.00 6.00 6.00 8,125 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 101.4 -9.5 0.0 - 15

Global Invacom Group Limited Result of AGM

25/06/2020 10:22am

UK Regulatory (RNS & others)


Global Invacom (LSE:GINV)
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RNS Number : 9979Q

Global Invacom Group Limited

25 June 2020

25 June 2020

Global Invacom Group Limited

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

   Re sul ts   of  A nnu al  G ene r al Meeting 

Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, announces that at the Annual General Meeting ("AGM") of the Company held by electronic means today, all resolutions set out in the Notice of AGM dated 3 June 2020 were duly passed by way of a poll.

a) The results of the poll on each of the resolutions at the A GM are set out be l ow for information:

 
       Resolution number          T otal                 For                       Against 
          and details            number of 
                                  shar es 
                                r epresented 
                                by votes for 
                                and against 
                                 t he rele 
                                    vant 
                                r esolution 
                                               Number of                  Number of 
                                                 shares         A s a       shar es        A s a 
                                                             percentage                 percentage 
                                                              of total                   of total 
                                                              number of                  number of 
                                                               v otes                     v otes 
                                                                 for                        for 
                                                                 and                        and 
                                                               against                    against 
                                                                 the                        the 
                                                             r esolution                r esolution 
                                                                ( % )                      ( % ) 
                                              -----------  -------------  ----------  ------------- 
 
   Ordinary Resolution 
   1 
   Di rectors' Statement 
   and Aud ited Financial 
   Statements for the 
   year ended 31 De 
   cember 20 19                 118,775,841   118,775,841       100           0             0 
                               -------------  -----------  -------------  ----------  ------------- 
 
   Ordinary Resolution 
   2 
   Re-electi on of 
   Mr John Lim Yew 
   Kong as a Di rec 
   tor                          118,760,841   109,870,141      92.51      8,890,700       7.49 
                               -------------  -----------  -------------  ----------  ------------- 
 
   Ordinary Resolution 
   3 
   Re-electi on of 
   Mr Matthew Jonathan 
   Garner as a Di rector        118,775,841   118,775,841       100           0             0 
                               -------------  -----------  -------------  ----------  ------------- 
 
     Ordinary Resolution 
     4 
     Approval of payment 
     of Directors' fees 
     for the financial 
     year ending 31 December 
     2020 amounting to 
     S$346,500, payable 
     quarterly in arrears       118,595,841   96,416,437       81.30      22,179,404      18.70 
                               -------------  -----------  -------------  ----------  ------------- 
 
     Ordinary Resolution 
     5 
     Re-appointment of 
     Moore Stephens LLP 
     as Auditors                118,775,841   118,775,841       100           0             0 
                               -------------  -----------  -------------  ----------  ------------- 
 
     Ordinary Resolution 
     6 
     Authority to allot 
     and issue Shares           118,775,841   109,885,141      92.51      8,890,700       7.49 
                               -------------  -----------  -------------  ----------  ------------- 
 
     Ordinary Resolution 
     7 
     Authority to allot 
     and issue Shares 
     under the Global 
     Invacom Share Option 
     Scheme 2013                51,857,379    42,966,679       82.86      8,890,700       17.14 
                               -------------  -----------  -------------  ----------  ------------- 
 
     Ordinary Resolution 
     8 
     Authority to offer 
     and grant Shares 
     under the Global 
     Invacom Performance 
     Share Plan 2013            51,857,379    42,966,679       82.86      8,890,700       17.14 
                               -------------  -----------  -------------  ----------  ------------- 
 
     Ordinary Resolution 
     9 
     Renewal of Share 
     Buyback Mandate            118,775,841   118,775,841       100           0             0 
                               -------------  -----------  -------------  ----------  ------------- 
 

b) T he deta ils of pa r t ies who abstained f rom voting on the res o lut i on(s ), includ i ng the nu mber of sha res he ld and the indi vi dual res o l uti on on w h i ch t hey abstained from voti ng a re set out be l o w:

 
  Name of Shareholder                  Number of shares     Resolution(s) A 
                                                                bstained 
  Anthony Brian Taylor                    11,139,702              7,8 
                                     ------------------  ------------------- 
  Malcolm John Burrell                    11,139,702              7,8 
                                     ------------------  ------------------- 
  Basil Chan                               165,000              4,7,8 
                                     ------------------  ----------------- 
  John Lim Yew Kong                         15,000              2,4,7,8 
                                     ------------------  ------------------- 
  Shareholders of the Company who 
   are eligible to participate in 
   the Global Invacom Share Option 
   Scheme 2013                            22,279,654               7 
                                     ------------------  ------------------- 
  Shareholders of the Company who 
   are eligible to participate in 
   the Global Invacom Performance 
   Share Plan 2013                        22,279,654               8 
                                     ------------------  ------------------- 
 

c) Agile 8 Advisory P te. Ltd. was ap pointed as scruti neer for the po lls condu cted at the A GM.

Following the conclusion of the AGM, Mr Basil Chan ("Mr Chan") has retired as an Independent Director of the Company. He also ceased to be Chairman of the Remuneration Committee and a member of Audit and Risk Committee and Nominating Committee respectively.

The announcement on his retirement pursuant to Rule 704(7)(a) of the Listing Manual of the SGX-ST has been released on 3 June 2020.

The Board would like to record its appreciation to Mr Chan for his invaluable contribution and guidance during his tenure as an Independent Director of the Company.

The Board shall appoint a suitable candidate to fill up the vacancy in the Board and Board Committees in due course and will make the necessary announcement(s) on the SGXNet as and when appropriate.

The full minutes of the AGM, including questions from shareholders, can be read on the Company's website: www.globalinvacom.com/investor-relations/sgx-news .

For further information, please contact:

 
Global Invacom Group Limited              www.globalinvacom.com 
Matthew Garner, Chief Financial Officer   Tel: +65 6431 0782 
                                           Tel: +44 203 053 
                                           3523 
 
finnCap Ltd (Nominated Adviser and Joint  www.finncap.com 
 Broker) 
Christopher Raggett / Matthew Radley      Tel: +44 207 220 
 (Corporate Finance)                       0500 
 
Mirabaud Securities LLP (Joint Broker)    www.mirabaud.com 
Peter Krens (Equity Capital Markets)      Tel: +44 207 878 
                                           3362 
 
Vigo Communications (Media & Investor     www.vigocomms.com 
 Relations) 
Jeremy Garcia / Charlie Neish             Tel: +44 207 390 
                                           0238 
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, 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 rns@lseg.com or visit www.rns.com.

END

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June 25, 2020 05:22 ET (09:22 GMT)

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