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SGH Satcom Grp

9.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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

Issue of Equity

07/07/2006 9:45am

UK Regulatory


RNS Number:8409F
SatCom Group Holdings plc
07 July 2006


Press Release                            7 July 2006






                           SatCom Group Holdings plc

                           Exercise of share options



SatCom Group Holdings plc ("SatCom" or "the Group"), a reseller of mobile
satellite communications, announces that it has issued 203,960 new ordinary
shares of US$0.10 each ("New Ordinary Shares") pursuant to the exercise of
options.


The issue of the New Ordinary Shares is subject to them being admitted to
trading on AIM, application for which has been made. Trading in the New Ordinary
Shares, which will rank pari passu in all respects with the existing ordinary
shares, is expected to commence on Tuesday 11 July 2006.



                                    - 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 / Bob Davies                                       Tel: +44 (0) 207 951 2000
jstephan@uk.ey.com


Teather & Greenwood Limited
Jeff Keating / Fred Walsh                                       Tel: +44 (0) 207 426 9000
Jeff.keating@teathers.com                                       www.teathers.com



Media enquiries:
Abchurch
Heather Salmond / Chris Lane                                    Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com                              www.abchurch-group.com




Notes to Editors



SatCom is a global reseller of airtime services and satellite systems hardware
(mobile handsets and data terminals) for major satellite systems operators,
including Inmarsat, Thuraya and Iridium.  SatCom's key target markets include
the US, Europe, Asia, Middle East and the maritime community worldwide.



SatCom is based in Salisbury in the UK, with further offices in the USA, Dubai
and throughout the Asia region.  SatCom has established a robust customer base
of approximately 10,000 active terminals and is able to offer all communication
solutions.



Products range from small, handheld phones through to terminals such as the
Inmarsat B-GAN, a high speed satellite Internet Protocol modem operating at
speeds of up to 432 kbits/s.   In addition, SatCom provides airtime services via
the three satellite operators to key customers including dealers, commercial
companies and Governments.



The user terminals are used with a SIM card that is registered by the end user
at www.simreg.com. This website is proprietary to SatCom, allowing SatCom to
register terminals and for customers to purchase prepaid airtime online.





Iridium is the only operator to offer a fully global, mobile satellite system,
providing voice and data solutions via a network of 66 low earth orbit ("LEO")
satellites built by Boeing. The Iridium service is delivered to and from remote
areas so is ideally suited for industrial applications such as heavy
construction, defence, maritime, oil and gas and aviation.



Thuraya offers cost effective satellite services to nearly one third of the
globe. Thuraya's satellite operations cover Europe, the Middle East, North
Africa and the Indian subcontinent and operate via a geo-stationary satellite
system.  The Thuraya system includes a second satellite launched in early 2003
and a third satellite is planned in order to expand system capacity even
further.

Inmarsat was the world's first global mobile satellite communications operator
and is still the only one to offer a mature range of modern communications
services to maritime, land-mobile, aeronautical and other users.  It operates a
constellation of geo-stationary satellites designed to extend phone, fax and
data communications all over the world.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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