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SGH Satcom Grp

9.00
0.00 (0.00%)
17 May 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

Result of AGM/Trading Update

19/12/2007 12:28pm

UK Regulatory


RNS Number:2843K
SatCom Group Holdings plc
19 December 2007




Press Release                                                 19 December 2007


                           SatCom Group Holdings plc
                           ("SatCom" or "the Group")

                                 Result of AGM

                                 Trading Update



SatCom Group Holdings plc, a reseller of mobile satellite communications,
announces that at the Group's Annual General Meeting held today, at Shoosmiths,
Apex Plaza, Reading, all resolutions put to shareholders by the Board were duly
passed.



The Group announces that trading for the year to date is in line with market
expectations.  The Group will report its interim results for the six months
ending 31 December 2007 in March 2008.





                                    - 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


Landsbanki Securities (UK) Limited
Gareth Price / Fred Walsh                            Tel: +44 (0) 207 426 9000
Fred.Walsh@landsbanki.com                            www.landsbanki.com


Media enquiries:
Abchurch
Chris Lane / George Parker                           Tel: +44 (0) 20 7398 7700
George.parker@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
in excess of 15,000 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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