Global Invacom Group Ltd. · SGX:QS9
Global Invacom — Shareholder Meeting (October 2023)
12 slides from Global Invacom's shareholder meeting presentation, Oct 26, 2023
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Slide 3: Result of Extraordinary General Meeting held on 26 October 2023
GLOBAL INVACOM GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: 200202428H) RESULT OF EXTRAORDINARY GENERAL MEETING HELD ON 26 OCTOBER 2023 The Board of Directors (the "Board") of Global Invacom Group Limited (the "Company") is pleased to announce that at the Extra
Slide 4: Expected Cancellation Timetable
EXPECTED CANCELLATION TIMETABLE (1) Expected last day of dealings on Thursday, 2 November 2023 AIM Expected cancellation of Friday, 3 November 2023 at 2.00 p.m. (Singapore time) admission of the Company's Friday, 3 November 2023 at 7.00 a.m. (UK time) Shares to trading on AIM DI termination Monday,
Slide 5: Extraordinary General Meeting 26 October 2023
Extraordinary General Meeting 26 October 2023 Stock code – SGX: QS9 | Bloomberg: RAD SP | Reuters: GLOB.SI
Slide 6: Background
Background • The Board has convened this EGM to seek approval of Shareholders to cancel the Company’s listing on AIM. • The Company’s shares will remain listed on the Mainboard of SGX-ST. • The Company has a primary listing of its shares on SGX-ST and was admitted to trading on AIM on 2 July 2014. •
Slide 7: Rationale for AIM Delisting
Rationale for AIM Delisting • The Directors have considered the following key factors: • The considerable cost, management time, legal and regulatory burden associated with maintaining two listings are disproportionate to the benefits available to the Company. • Trading volumes of the Company’s shar
Slide 8: Impact of AIM Delisting
Impact of AIM Delisting • There will no longer be a public market mechanism in the UK. • The AIM rules for the Company will no longer apply – however, the Company will be bound by the Singapore Code and SGX-ST Listing Manual. • The Company will continue to voluntarily disclose significant Shareholde
Slide 9: Timetable
Timetable Date Action 26 September 2023 Dispatch of Circular 26 October 2023 EGM 2 November 2023 Expected last day of dealings on AIM 3 November 2023 Expected cancellation of admission on AIM 6 November 2023 Depositary Interest termination 5
Slide 10: Directors' Recommendation
Directors’ Recommendation Having fully considered the rationale and benefit of the AIM Delisting, the Directors are of the opinion that the AIM Delisting is in the best interests of the Company. For the reasons set out in Section 2 of the Circular distributed on 26 September 2023, the Directors unan
Slide 11: Important Notice
Important Notice Information in this presentation may contain forward-looking statements that reflect the current views of Global Invacom Group Limited (“GIGL” or the “Company” and together with its subsidiaries, the “Group”) with respect to future events and financial performance. These views are b
Slide 12: Slide 12
Global Invacom Group — Shareholder Meeting (October 2023) on 6ix