Satellite Solutions Wldwide Grp PLC Result of AGM (0818P)

TIDMSAT

RNS Number : 0818P

Satellite Solutions Wldwide Grp PLC

23 May 2018

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

Result of AGM

Share consolidation

Change of name to Bigblu Broadband plc

Satellite Solutions Worldwide Group plc (AIM: SAT), a leading provider of alternative fast broadband services, announces that at the Annual General Meeting ("AGM") held earlier today, all of the resolutions put to shareholders were duly passed.

Consolidation and total voting rights

As a consequence of the resolutions being passed at the AGM, the share consolidation announced by the Company on 30 April 2018 (and referred to in the notice of AGM and the accompanying circular) has been approved by shareholders. Further details of the consolidation are set out in the Company's announcement of 30 April 2018.

From 24 May 2018, the Company will have 56,310,006 ordinary shares of 15 pence each in issue ("New Ordinary Shares") and this figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.

Admission of the New Ordinary Shares to trading on AIM is expected to become effective at 8.00 a.m. on 24 May 2018. The Company's new ISIN Code will be GB00BD5JMP10.

Change of name

The Company also announces that it has been re-named Bigblu Broadband plc with effect from today. Trading in the New Ordinary Shares under the new name will commence at 8.00 a.m. on 24 May 2018. The Company's new ticker symbol will be "BBB". The Company's website address (including for the purposes of AIM Rule 26) will be www.bbb-plc.com.

Historically, the Company's core competency has been satellite broadband. However, the Company is fundamentally technology agnostic and now operates a portfolio of different technologies, including but not limited to, satellite, fixed wireless and cellular 4G/5G to deliver turnkey alternative broadband solutions to achieve maximum coverage and market penetration with profitable delivery.

Therefore, to truly capitalise on the Company's brand identity, the Company is focussing on one brand across multiple regions as opposed to using the individual names of the Group's various operating entities. Bigblu Broadband will unite all the operating brands with a view to enhancing the Group's profile across the countries in which it operates.

Contacts:

 
 Satellite Solutions Worldwide    www.satellitesolutionsworldwide.com 
  Group PLC 
 Andrew Walwyn, Chief Executive   Via Walbrook PR 
  Officer 
 
 Numis Securities (Nomad          Tel: [phone] 
  and broker) 
 Oliver Hardy (Corporate 
  Advisory) 
 James Black / Jonathan 
  Abbott (Corporate Broking) 
 
 Walbrook PR (PR advisers)        Tel: [phone] 
 Paul Cornelius / Nick            or [e-mail] 
  Rome 
 

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May 23, 2018 11:07 ET (15:07 GMT)