TIDMGINV
RNS Number : 7189V
Global Invacom Group Limited
11 April 2023
GLOBAL INVACOM GROUP LIMITED
("Global Invacom", the "Company" and together with its
subsidiaries the "Group")
(Incorporated in the Republic of Singapore)
(Company Registration No: 200202428H)
POSTING OF ANNUAL REPORT, NOTICE OF AGM
AND
DIFFERENCES BETWEEN UNAUDITED AND AUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022
Singapore/London, 11 April 2023 - Global Invacom (SGX: QS9)
(AIM: GINV), the global provider of satellite communications
equipment and electronics, confirms its Annual Report and Accounts
for the year ended 31 December 2022 is now available for download
on the Company's website at:
https://globalinvacom.com/pages/downloads
The Annual General Meeting ("AGM") will be held at 10.00 a.m.
(SGT) on Wednesday, 26 April 2023, at The National University of
Singapore Society, Suntec City Guild House, 3 Temasek Boulevard,
#02-401/402 Suntec City Mall, Singapore 038983.
The resolutions of the AGM, Form of Proxy and instructions for
shareholder participation can be found within the Annual
Report.
The Board of Directors ("Board") of the Company refers to the
announcement released by the Company on 27 February 2023 in
relation to its unaudited full year financial statements
("Unaudited Financial Statements") for the financial year ended 31
December 2022 ("FY2022"). Further reference is made to the audited
financial statements of the Group for FY2022 ("Audited Financial
Statements FY2022"). Shareholders of the Company are advised to
read the Audited Financial Statements FY2022 in its entirety in its
annual report FY2022, available as set out above.
Pursuant to Rule 704(6) of the Listing Manual of the Singapore
Exchange Securities Trading Limited, the Board wishes to announce
that subsequent to the release of the Unaudited Financial
Statements for FY2022, and with the finalisation of audit, there
were variances between the Unaudited Financial Statements for
FY2022 and the Audited Financial Statements for FY2022. Detailed
information is set out below.
Consolidated Statement of Comprehensive Income
Unaudited Audited Variance
---------- -------- ---------
Group US$'000 US$'000 US$'000
---------- -------- ---------
O ther operating
expenses (568) (2,911) (2,343)
Other comprehensive
loss (677) 1,666 2,343
Loss per share (4.85) (5.72) (0.87)
The variances as shown above are due to the deregistration of a
wholly-owned subsidiary of the Group, Global Invacom Manufacturing
(Shanghai) Co., Ltd in the current financial year. In accordance
with the accounting standard SFRS(I) 10 - Consolidated Financial
Statements, the Group is required to reclassify the charge,
previously attributed to the foreign currency translation reserve
and amounting to US$2,343,000, to profit or loss upon disposal. The
reclassification does not impact the net assets of the Group.
In accordance with SGX market practice, the Board of the Company
wishes to advise the shareholders and investors of the Company to
exercise caution when dealing in the shares of the Company. In the
event of any doubt, they should consult their stockbrokers, bank
managers, solicitors, accountants or other professional
advisers.
BY ORDER OF THE BOARD
Gordon Blaikie
Executive Director
11 April 2023
For further information, please contact:
Global Invacom Group Limited www.globalinvacom.com
Gordon Blaikie, Interim Chief Executive via Vigo Consulting
Officer
Strand Hanson Limited (Nominated Adviser www.strandhanson.co.uk
and Broker)
James Harris / Richard Johnson / David Tel: +44 20 7409
Asquith 3494
Vigo Consulting (UK Media & Investor www.vigoconsulting.com
Relations)
Jeremy Garcia / Fiona Hetherington / Tel: +44 20 7390
Kendall Hill 0238
ginv@vigoconsulting.com
About Global Invacom Group Limited
Global Invacom Group comprises a number of companies
specialising in innovative technology, products and solutions for
the satellite ground equipment sector. Uniquely, the Group provides
fully integrated manufacturing for most of its product lines
providing additional quality and supply chain assurance to a global
blue-chip customer base in the satellite communications, satellite
TV and satellite navigation markets.
The Group has an established global presence with sales offices,
research and development centres and manufacturing facilities
across the world, including Singapore, China, Indonesia, the
Philippines, Malaysia, Israel, the UK, and the USA.
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
http://www.globalinvacom.com
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END
MSCFLFIASDIILIV
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April 11, 2023 02:00 ET (06:00 GMT)
Global Invacom (LSE:GINV)
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부터 11월(11) 2024 으로 12월(12) 2024
Global Invacom (LSE:GINV)
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부터 12월(12) 2023 으로 12월(12) 2024
