Global Invacom Group Limited Results of Annual General Meeting (5445X)

TIDMGINV

RNS Number : 5445X

Global Invacom Group Limited

26 April 2023

G LO B AL IN V ACOM GROUP LIM I T ED

(Inco r pora t ed in the Re p ub l ic of Sin g apo r e)

(Comp a ny Regi strati on No: 2 0 0202 4 28H)

RE SUL TS OF A NNU AL G ENE R AL M EE TING HELD ON 26 APRIL 2023

The Board of Directors (the "Board") of Global Invacom Group Limited (the "Company") is pleased to announce that at the Annual General Meeting ("AGM") of the Company held today, all resolutions set out in the notice of AGM dated 11 April 2023 were duly passed by way of a poll.

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

 
     Resolution number           Total                     For                           Against 
        and details              number 
                               of shares 
                              represented 
                                by votes 
                                for and 
                                against 
                              the relevant 
                               resolution 
                                                Number       As a percentage     Number     As a percentage 
                                               of shares         of total       of shares       of total 
                                                                number of                      number of 
                                                                votes for                      votes for 
                                                               and against                    and against 
                                                              the resolution                 the resolution 
                                                                   (%)                            (%) 
                                            --------------  ----------------  -----------  ---------------- 
 Ordinary Resolution 
  1 
  Directors' Statement 
  and Audited Financial 
  Statements for 
  the financial 
  year ended 31 
  December 2022              101,702,539       101,702,539          100             0               0 
                            --------------  --------------  ----------------  -----------  ---------------- 
 Ordinary Resolution 
  2 
  Re-election of 
  Mr John Lim Yew 
  Kong as a Director           101,687,539     101,687,539          100             0               0 
                            --------------  --------------  ----------------  -----------  ---------------- 
 Ordinary Resolution 
  3 
  Approval of payment 
  of Directors' 
  fees for the financial 
  year ending 31 
  December 2023 
  amounting to S$294,525, 
  payable quarterly 
  in arears                    101,701,039     101,701,039         100             0               0 
                            --------------  --------------  ----------------  -----------  ---------------- 
 
 
 Ordinary Resolution 
  4 
  Re-appointment 
  of Moore Stephens 
  LLP as Auditors         101,792,839     101,792,839    100        0        0 
 Ordinary Resolution 
  5 
  Authority to allot 
  and issue Shares       101,797,589     98,981,089     97.23   2,816,500   2.77 
                       --------------  --------------  ------  ----------  ----- 
 

b) The deta ils of pa r t ies who are required to abstain 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 are required to abstain from voti ng a re set out be l o w:

 
  Name of Shareholder    Number of shares    Resolution(s) A bstained 
   John Lim Yew Kong          15,000          Ordinary Resolution 2 
                       ------------------  -------------------------- 
 

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

d) Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST")

Mr John Lim Yew Kong, upon re-election as a Director of the Company, remains as the Lead Independent Director, Chairman of the Audit and Risk Committee, and a member of the Nominating Committee and Remuneration Committee. He is considered independent for the purposes of Rule 704(8) of the SGX-ST.

B Y O RDER OF THE B O A RD

Gordon Blaikie

E x ecuti ve Director

26 April 2023

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] 
 

About Global Invacom Group Limited

Global Invacom Group comprises a number of companies specialising in innovative technology, products and solutions for the satellite ground equipment sector. Uniquely, the Group provides fully integrated manufacturing for most of its product lines providing additional quality and supply chain assurance to a global blue-chip customer base in the satellite communications, satellite TV and satellite navigation markets.

The Group has an established global presence with sales offices, research and development centres and manufacturing facilities across the world, including Singapore, China, Indonesia, the Philippines, Malaysia, Israel, the UK, and the USA.

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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April 26, 2023 05:33 ET (09:33 GMT)