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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Satcom Grp | LSE:SGH | London | Ordinary Share | GB00B0D66620 | ORD USD0.10 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 9.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:9877R
SatCom Group Holdings plc
30 September 2005
Press Release 30 September 2005
Completion of acquisition of Horizon Mobile Communications
SatCom Group Holdings plc ("SatCom") is pleased to announce the completion of
the acquisition of Horizon Mobile Communications Co., Ltd., ("HMC") a dedicated
supplier of mobile satellite communications and integrated IT solutions
predominantly to the Asian maritime market, which was announced on 26 September
2005. Pursuant to the HMC acquisition agreement, 1,482,155 new ordinary shares
of US$ 0.10 each in the capital of SatCom ("New SatCom Shares") have been issued
as initial consideration. Admission of the New SatCom Shares to trading on AIM
is expected to occur on or around 6 October 2005.
The New SatCom Shares shall rank pari passu in all respects with the existing
ordinary shares in SatCom. The New SatCom shares will be issued in registered
form and will be eligible for settlement in CREST.
- Ends -
For further information:
SatCom Group Holdings plc
Mark White, Chief Executive Officer Tel: +44 (0) 1722 439 206
mark.white@satcomgroup.com www.SatComgroup.com
Martin Ward, Chief Financial Officer Tel: +44 (0) 1722 439 201
martin.ward@satcomgroup.com www.SatComgroup.com
Ernst & Young LLP
John Stephan, Tel: +44 (0) 207 951 2000
jstephan@uk.ey.com
Teather & Greenwood Limited
Stephen Austin, Corporate Finance Tel: +44 (0) 207 426 9000
stephen.austin@teathers.com www.teathers.com
Media enquiries:
Abchurch
Heather Salmond / Dana Thomas Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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