Global Invacom Group Limited Dissolution of Wholly-Owned Subsidiary (6469S)

TIDMGINV

RNS Number : 6469S

Global Invacom Group Limited

15 July 2022

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               www.globalinvacom.com 
 Tony Taylor, Executive Chairman            via Vigo Consulting 
 
 Strand Hanson Limited (Nominated Adviser   www.strandhanson.co.uk 
  and Broker) 
 James Harris / Richard Johnson / Rob       Tel: +44 20 7409 
  Patrick                                    3494 
 
 Vigo Consulting (UK Media & Investor       www.vigoconsulting.com 
  Relations) 
 Jeremy Garcia / Kendall Hill               Tel: +44 20 7390 
                                             0238 
 ginv@vigoconsulting.com

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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END

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July 15, 2022 05:30 ET (09:30 GMT)

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