REG - Global Invacom Group - Extension of time to hold AGM

Global InvacomAnnouncement

08/04/2020 10:35

RNS Number : 2124J
  
Global Invacom Group Limited
  
08 April 2020
  
 

8 April 2020
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
 
EXTENSION OF TIME TO HOLD THE COMPANY'S ANNUAL GENERAL MEETING
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
 
The Board of Directors (the "Board") of Global Invacom provides an update to the announcement dated 6 April 2020 relating to the application for extension of time to hold the Annual General Meeting ("AGM") for the financial year ended 31 December 2019 ("FY2019").
 
On 7 April 2020, the Singapore Exchange Regulation ("SGX RegCo") announced that, in consultation with the Accounting and Corporate Regulatory Authority ("ACRA") and the Monetary Authority of Singapore ("MAS"), SGX Regco will automatically extend by 60-days the deadlines for all issuers with the financial year-end on or before 31 March 2020 to hold their annual general meetings.
 
On 7 April 2020, ACRA announced that it will automatically grant a 60-days extension of time for all companies whose annual general meetings are due during the period from 16 April 2020 to 31 July 2020.
 
Extension of time to hold AGM
 
The Company's financial year-end is 31 December 2019 ("FY2019").
 
The Board confirms that the time extension does not contravene any laws and regulations governing the Company and the Constitution of the Company.
 
In view of the above, the Company is automatically granted a 60-days extension of time to hold its AGM for FY2019 as announced by SGX Regco and ACRA on 7 April 2020.
 
Indicative timeline to convene AGM
 
The table below sets out the indicative timeline to convene the Company's AGM for FY2019:
 




Event


Indicative Date (on or before)




Announce the annual report for FY2019 on LSE


15 April 2020




Holding of AGM


29 June 2020




 
Please note that the above date of holding of AGM is indicative only and subject to changes in light of the developing COVID-19 situation. Please refer to further announcement(s) by the Company for the definitive date of the AGM in due course.
 
For further information, please contact:
 




Global Invacom Group Limited


www.globalinvacom.com




Matthew Garner, Chief Financial Officer


Tel: +65 6431 0782
Tel: +44 203 053 3523
 




 


 




finnCap Ltd (Nominated Adviser and Joint Broker)


www.finncap.com




Christopher Raggett / Matthew Radley (Corporate Finance)
 


Tel: +44 207 220 0500




 


 




Mirabaud Securities LLP (Joint Broker)


www.mirabaud.com




Peter Krens (Equity Capital Markets)
 


Tel: +44 207 878 3362
 




 


 




WeR1 Consultants Pte Ltd (Singapore Investor Relations)


www.wer1.net




Jordan Teo / Ryan del Agua


Tel: +65 6737 4844




ginv@wer1.net
 


 




 


 




Vigo Communications (UK Media & Investor Relations)


www.vigocomms.com




Jeremy Garcia / Charlie Neish


Tel: +44 207 390 0238




ginv@vigocomms.com


 




 
About Global Invacom Group Limited
 
Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, UK and the US. Its customers include satellite broadcasters such as BSkyB 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 antennas, LNB receivers, transceivers, fibre distribution equipment, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in military, medical, and consumer electronics industries. Following the acquisition in 2015 of Global Skyware, a leading US‐based designer and supplier of satellite antennas products and services, the Company became 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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