Satellite Solutions Worldwide Group plc Acquires Sat Internet Services GMBH

Posted: 15th May 2018 09:04

Satellite Solutions Worldwide Group plc, a leading provider of alternative fast broadband services, announces that following today's admission of 162,039,838 new ordinary shares it has completed the acquisition of Sat Internet Services GMBH and, subject to a formal procedure being completed later today in Italy, the acquisition of Open Sky S.R.L.. This follows the announcements made by the Company on 26 April 2018 in relation to the Acquisitions, and on 14 May 2018 in relation to the passing of the Resolutions at the General Meeting of the Company.

Total Voting Rights and Director Shareholdings

The Company now has 844,650,090 ordinary shares in issue and this figure can be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change of their interest in, the Company under the Disclosure, Guidance and Transparency Rules of the Financial Conduct Authority.

Michael Tobin, Chairman, subscribed for 100,004 Placing Shares at the Placing Price. The number of Ordinary Shares now held by Mr Tobin immediately following Admission is 1,802,670.

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