Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Dissolution of Wholly-Owned Subsidiary
Singapore/London, 15 July 2022 - Global Invacom (SGX: QS9) (AIM: GINV), the global provider of satellite communications equipment and electronics, announces that its wholly-owned subsidiary, Global Invacom Manufacturing (Shanghai) Co Ltd, incorporated in Shanghai, People's Republic of China, is now dissolved (the "Dissolution").
The Dissolution does not have any material impact on the consolidated net tangible assets per share or earnings per share of the Group for the financial year ending 31 December 2022.
None of the Directors or controlling shareholders of the Company has any direct or indirect interest in the Dissolution.
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 Consulting |
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| Strand Hanson Limited (Nominated Adviser and Broker) | |
| James Harris / Richard Johnson / Rob Patrick | Tel: +44 20 7409 3494 |
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| Vigo Consulting (UK Media & Investor Relations) | |
| Jeremy Garcia / Kendall Hill | Tel: +44 20 7390 0238 |
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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 U.S. 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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