AIM Rule 26

The website contains all information which is required to be disclosed in accordance with Rule 26 of the AIM Rules for Companies.

Description of the business & Investment strategy

Satellite Solutions Worldwide is a provider of satellite broadband services in the UK and Europe to consumer and business users, with approximately 95,000 subscribers. The Directors intend to grow Satellite Solutions Worldwide’s subscriber base organically and also through acquisition by consolidating the currently fragmented market across Europe.

The names of the directors and biographical details

See Board & Management

Directors’ responsibilities & Committees

See Corporate Governance

Country of incorporation and main country of operations

Satellite Solutions Worldwide Group PLC is a company incorporated in England and Wales under the Companies Act 2006 with company number 9223439. The Company’s main country of operations is the United Kingdom.

Current constitutional documents

Please click on the link below to access the Company’s Admission Document.

Admission Document dated 6 May 2015

Please click on the link below for the Memorandum and Articles of Association

Articles adopted by a special resolution passed on 19th November 2014

and amended by special resolution passed on 16th May 2016

Shares In Issue

As at 16 November 2017, the number of shares in issue was 628,610,252

Significant Shareholders

As at 14 August 2017, significant shareholders that hold more than 3% of the share capital of Satellite Solutions Worldwide, and shareholdings of any other directors are detailed below:

Ordinary Shares %
Harwood Capital LLP 101,460,000 14.9%
Business Growth Fund Plc 50,166,666 7.3%
Walwyn (Andrew Roy) 49,526,572 7.3%
Herald Investment Management Limited 46,366,666 6.8%
Clifton (Simon) 33,990,450 5.0%
Hargreave Hale Ltd. 23,500,000 3.4%
BMO Global Asset Management 21,400,000 3.1%

Shares not in Public hands

In the terms of AIM Rules published July 2016 and insofar as it is aware, at 6 January 2017, 29.5% of the Company’s AIM securities was not in public hands.

Restrictions in transfer of AIM securities

There are no restrictions on the transfer of the Company’s AIM securities.

Other exchanges and trading platforms

Satellite Solutions Worldwide has not applied or agreed to have any of it securities (including its AIM securities) admitted or traded on any other exchanges or trading platforms.

UK City Code on Takeovers and Mergers

As an AIM traded UK registered company, Satellite Solutions Worldwide is subject to the UK City Code on Takeovers and Mergers legislation.

Company announcements

See RNS & Investor News

Shareholder Circulars

28 July 2017 Proposed Acquisition, Placing and Notice of General Meeting
03 April 2017 Notice of AGM to be held on 27 April 2017
Form of Proxy for AGM to be held on 27 April 2017
Letter to Shareholders
07 July 2016 Notice of General Meeting held on 25 July 2016
01 April 2016 Notice of AGM held on 16 May 2016
Form of Proxy for AGM held on 16 May 2016

 

Advisors

Registered Office
Satellite House
108 Churchill Road
Bicester OX26 4XD

Company Secretary

Ben Harber
Shakespeare Martineau LLP
60 Gracechurch Street
London
EC3V 0HR

Details of NOMAD and Key Company Advisers

Nominated Adviser and Broker

Numis Securities Limited
10 Paternoster Sq.
London
EC4M 7LT

Solicitors to SSW

Shepherd and Wedderburn LLP
Condor House
10 St Paul’s Churchyard
London EC4M 8AL

Auditors and Reporting Accountants to the Company

haysmacintyre
26 Red Lion Square
London WC1R 4AG

Auditors to SSW

haysmacintyre
26 Red Lion Square
London WC1R 4AG

Financial Public Relations

Walbrook PR Ltd

4 Lombard Street
London
EC3V 9HD
Tel: 020 7933 8780
ssw@walbrookpr.com

Registrars

Share Registrars Limited
Suite E, First Floor
9 Lion & Lamb Yard
Farnham
Surrey GU9 7LL

 

 

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Page last updated: 14 August 2017