Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Results of Annual General Meeting
Singapore/London, 28 April 2021 - The Board of Directors (the "Board") of Global Invacom is pleased to announce that at the Annual General Meeting ("AGM") of the Company held by electronic means today, all resolutions set out in the notice of AGM dated 13 April 2021 were duly passed by way of a poll.
a) The results of the poll on each of the resolution cast at the AGM are set out below for information:
| Resolution number and details | Total number of shares represented by votes for and against the relevant resolution | For | Against | ||
| Number of shares |
As a percentage of total number of votes for and against the resolution (%) | Number of shares |
As a percentage of total number of votes for and against the resolution (%) | ||
|
Ordinary Resolution 1
Directors' Statement and Audited Financial Statements for the year ended 31 December 2020 | 103,168,539 | 103,168,539 | 100 | 0 | 0 |
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Ordinary Resolution 2
Re-election of Mr Anthony Brian Taylor as a Director | 92,028,837 | 92,028,837 | 100 | 0 | 0 |
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Ordinary Resolution 3
Re-election of Mr Cosimo Borrelli as a Director | 103,168,539 | 103,168,539 | 100 | 0 | 0 |
|
Ordinary Resolution 4
Re-election of Mr Wayne Robert Porritt as a Director | 103,168,539 | 103,168,539 | 100 | 0 | 0 |
|
Ordinary Resolution 5
Approval of payment of Directors' fees for the financial year ending 31 December 2021 amounting to S$294,525, payable quarterly in arrears
| 80,989,135 | 80,989,135 | 100 | 0 | 0 |
|
Ordinary Resolution 6
Re-appointment of Moore Stephens LLP as Auditors
| 103,168,539 | 103,168,539 | 100 | 0 | 0 |
|
Ordinary Resolution 7A
Approval for Mr John Lim Yew Kong to continue as Independent Director (Tier 1 Voting)
| 92,556,039 | 92,556,039 | 100 | 0 | 0 |
|
Ordinary Resolution 7B
Approval for Mr John Lim Yew Kong to continue as Independent Director (Tier 2 Voting)
| 59,136,933 | 59,136,933 | 100 | 0 | 0 |
|
Ordinary Resolution 8A
Approval for Mr Cosimo Borrelli to continue as Independent Director (Tier 1 Voting)
| 92,571,039 | 92,571,039 | 100 | 0 | 0 |
|
Ordinary Resolution 8B
Approval for Mr Cosimo Borrelli to continue as Independent Director (Tier 2 Voting)
| 59,136,933 | 59,136,933 | 100 | 0 | 0 |
|
Ordinary Resolution 9
Authority to allot and issue Shares | 103,168,539 | 103,168,539 | 100 | 0 | 0 |
|
Ordinary Resolution 10
Authority to allot and issue Shares under the Global Invacom Share Option Scheme 2013
| 47,554,779 | 47,554,779 | 100 | 0 | 0 |
|
Ordinary Resolution 11
Authority to offer and grant Shares under the Global Invacom Performance Share Plan 2013
| 47,554,779 | 47,554,779 | 100 | 0 | 0 |
|
Ordinary Resolution 12
Renewal of Share Buyback Mandate
| 103,168,539 | 103,168,539 | 100 | 0 | 0 |
b) The details of parties who are required to abstain from voting on the resolution(s), including the number of shares held and the individual resolution on which they are required to abstain from voting are set out below:
| Name of Shareholder | Number of shares | Resolution(s) Abstained |
| Anthony Brian Taylor | 11,139,702 | 2, 7B, 8B, 10 & 11 |
| Malcolm John Burrell | 11,139,702 | 7B, 8B, 10 & 11 |
| JOE HARPER LIMITED | 497,900 | 3, 7B, 8A, 8B, 10 & 11 |
| John Lim Yew Kong | 15,000 | 7A, 7B, 8B, 10 & 11 |
| Shareholders of the Company who are eligible to participate in the Global Invacom Share Option Scheme 2013 | 11,139,952 | 10 |
| Shareholders of the Company who are eligible to participate in the Global Invacom Performance Share Plan 2013 | 11,139,952 | 11 |
c) Agile 8 Advisory Pte. Ltd. was appointed as scrutineer for the polls conducted at the AGM.
BY ORDER OF THE BOARD
Anthony Brian Taylor
Executive Chairman
For further information, please contact:
| Global Invacom Group Limited | |
| Tony Taylor, Executive Chairman
| via Vigo Communications |
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| Strand Hanson Limited (Nominated Adviser and Broker) | |
| James Harris / Rob Patrick / Ned Foulkes | Tel: +44 20 7409 3494
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| Vigo Communications (Media & Investor Relations) | |
| Jeremy Garcia / Charlie Neish | Tel: +44 20 7390 0238 |
| ginv@vigocomms.com |
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About Global Invacom Group Limited
Global Invacom is a fully integrated satellite equipment provider with sites across Singapore, China, Indonesia, Philippines, Malaysia, Israel, UK and the US. Its customers include satellite broadcasters such as Sky Group of the UK and Dish Network of the USA and Data over Satellite providers including Hughes Network Systems, Viasat and Gilat Satellite Networks.
Global Invacom provides a full range of satellite ground equipment including antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches, and video distribution components, as well as manufacturing services for the defence and healthcare sectors. The Group is the world's only full‐service outdoor unit supplier.
Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.
For more information, please refer to www.globalinvacom.com.
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