DMG & Partners Securities Pte Ltd (DMG) was the financial adviser to Global Invacom Group Limited in relation to the acquisition of Global Invacom Holdings Limited. DMG assumes no responsibility for the contents of this press release.
Singapore, 2 July 2014 Global Invacom Group Limited (Global Invacom or the Group) announced today its admission to the AIM Market of the London Stock Exchange PLC (LSE) and the commencement of dealings in its ordinary shares under the ticker symbol GINV.
The Singapore Exchange (SGX) Mainboard-listed fully integrated satellite communications (Sat Comms) equipment provider has raised US$15.0 million, the equivalent of S$18.7 million from a placing of 44,600,000 new ordinary shares (the Shares) at a price of 19.75 U.K. pence (approximately S$0.42) per share (the Placing) in conjunction with the AIM listing
The Group also announced that London-based brokers finnCap Ltd and Mirabaud Securities LLP had entered into agreements with three existing Global Invacoms shareholders to procure purchasers on AIM for 15,000,000 ordinary shares of the company at 19.75 pence (approximately S$0.42) per share.
The Group will use US$8.4 million (S$10.5 million) of the net proceeds of approximately US$13.1 million (S$16.4 million) to grow its business and explore new investments opportunities, and the balance for general corporate and working capital purposes.
The approximate market capitalisation of the Company following its admission is 55.8 million (S$118.6 million) based on the approximate equivalent placing price of approximately S$0.42 cents per share at the Groups issued share capital base of 276,432,299 shares (excluding treasury shares). Global Invacom is one of seven major Sat Comms equipment companies in the world with a global marketing reach, integrated manufacturing footprint and strong R&D capabilities.
Mr Tony Taylor, Executive Chairman of Global Invacom, said: The successful listing on AIM is a significant event in the transformation of Global Invacom into a leading global Sat Comms player. We are elated by the positive response from investors as Media Release SGX-Listed Global Invacom Commences Trading on London Stock Exchanges AIM Market; Successful Listing Raising S$18.7 Million Page 2 of 2
we seek to raise our international profile, expand our capabilities and widen our market reach so as to enhance shareholder value.
**End of Press Release** About Global Invacom Group Limited
Global Invacom Group Limited (Global Invacom) is listed on the SGX-Securities Trading (SGX-ST) and the AIM market of the U.K.
As a result of a reverse takeover of SGX-ST listed Radiance Group Limited, Global Invacom is now a fully integrated satellite equipment provider listed on the SGX Mainboard, with five manufacturing plants across China, Malaysia and U.K., providing electronics manufacturing services in satellite communications, TV peripherals, computer peripherals, medical, and consumer electronics industries, full range of LNB receivers, transmitters, switches and video distribution components. Its customers include satellite broadcasters such as BSkyB of the U.K. and DISH Network of the U.S.
For media queries, please contact:
Matthew Garner Chief Financial Officer Global Invacom Group Limited 8 Temasek Boulevard #20-03 Suntec Tower Three Singapore 038988 Tel : +65 68843423
On behalf of Global Invacom Group Limited: WeR1 Consultants Pte Ltd 38A Circular Road Singapore 049394 Josephine Auxilio, josephine@wer1.net Sheryl Sim, sheryl@wer1.net Tel: +65 67374844
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