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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 EGM

02/08/2006 6:20pm

UK Regulatory


RNS Number:1716H
SatCom Group Holdings plc
02 August 2006


                                      
Press Release                                                     2 August 2006


                           SatCom Group Holdings plc

                           ("SatCom or "the Company")

                                  Result of EGM


SatCom Group Holdings plc (AIM: SGH), a reseller of mobile satellite
communications, announces that the resolution put to shareholders at the
Company's Extraordinary General Meeting held today was duly passed. Further to
the announcement made on 10 July 2006 the Company has issued 3,333,436 New
Ordinary Shares of US$0.10 each to the vendors of World Communications Centre.


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

About SatCom

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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