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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

Result of AGM

15/12/2005 2:12pm

UK Regulatory


RNS Number:7387V
SatCom Group Holdings plc
15 December 2005


Press Release                                              15 December 2005

                                   SatCom
                          ("SatCom or "the Company"),

                                Result of AGM



SatCom Group Holdings plc (AIM: SGH), a reseller of mobile satellite
communications, confirms that all the resolutions put to shareholders at the
Company's Annual General Meeting held today were duly passed.



Speaking at the AGM Mark White, Chief Executive Officer of SatCom said: "Trading
in the current year has been in line with expectations, and the acquisition of
Horizon Mobile Communications Co., Ltd., which was completed on 30 September
2005, has met one of the Company's strategic objectives of expanding into the
commercial shipping market.  The acquisition has been earnings enhancing from
the outset and has provided SatCom with an immediate Asian infrastructure as
well as a number of cross selling opportunities."



                                    - 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
Dana.thomas@abchurch-group.com                         www.abchurch-group.com



Notes to Editors



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



SatCom is based in Salisbury in the UK, with further offices in New York,
Washington, Hong Kong, Bangkok and Singapore.  SatCom has established a robust
customer base of over 7,500 active terminals and is able to offer all
communication solutions including voice, fax and data. SatCom, through its
subsidiary O'Gara Satellite Systems Inc, has also established itself as one of
five preferred suppliers to the US Government.



Products range from small, handheld phones through to terminals such as the
Inmarsat Regional B-GAN, a high speed satellite Internet Protocol modem
operating at speeds of more than twice the speed of the GPRS terrestrial system.
   In addition, SatCom provides airtime services via the three satellite
operators to key customers including dealers, commercial companies and
Governments.



The handsets 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.



SatCom has enjoyed strong increases in sales and profitability through organic
growth and acquisition. SatCom acquired a US airtime company O'Gara Satellite
Systems in 2002, which currently contributes nearly 30% of the Group's turnover.
In November 2004 SatCom successfully acquired Northstar Communications, Inc.
The Group recently reported an EBITDA of $3.0 million and a profit before tax of
US$2.6 million on $47.9 million of revenues for the financial year ended 30 June
2005.



On 26 September 2005, SatCom announced the acquisition of Horizon Mobile
Communications which has strengthened its position in Asia and allowed it to
enter the commercial maritime market for mobile satellite communications.



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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