Satellite Solutions Wldwide Grp PLC Board Appointment (1980L)
September 29 2016 - 3:37AM
UK Regulatory
TIDMSAT
RNS Number : 1980L
Satellite Solutions Wldwide Grp PLC
29 September 2016
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Board Appointment
Satellite Solutions Worldwide Group plc (AIM: SAT), the global
communications company specialising in rural and last-mile
satellite broadband, announces the appointment of Chief Technology
Officer, Simon Clifton, as a director of the Company with immediate
effect.
Simon was one of the founding members of the Company and has
served as Chief Technology Officer following since its inception.
He has been instrumental in researching and developing SSW's
satellite broadband and fixed wireless product portfolio allowing
the Company to deliver ground breaking customer broadband and
additional related services in multiple countries. Previous to SSW,
Simon spent 13 years in satellite communications and broadband
product development, before which he was involved in cellular
telecoms.
Simon has a 5.8 per cent stake in the Company, as such the
Board's total holdings have now increased to 18.2 per cent.
Andrew Walwyn, CEO of SSW, commented: "Having co-founded the
business with Simon, I am delighted to welcome him to the Board.
Simon's knowledge and expertise have been invaluable in
establishing and growing the Company and I look forward to
continuing to work alongside him as we establish SSW as a global
broadband provider."
For further information:
Satellite Solutions Worldwide www.satellitesolutionsworldwide.com
Group PLC
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Strand Hanson (Nominated Tel: +44 (0)20 7409
Adviser) 3494
Andrew Emmott / Ritchie
Balmer
Arden Partners plc (Broker) Tel: +44 (0)20 7614
5900
Catherine Miles / James
Felix / Ciaran Walsh
Walbrook PR (PR advisers) Tel: +44 (0)20 7933
8780
Paul Cornelius / Nick Rome or ssw@walbrookpr.com
Additional Information
Other than as set out below there is no further information to
be disclosed under Schedule 2(g) and Rule 17 of the AIM Rules in
respect of Simon's appointment today as Director of the
Company.
Disclosures for Simon Clifton (aged 53)
Current directorships/partnerships Previous directorships/partnerships
in the last 5 years
Satellite Solutions None
Worldwide Group plc
Satellite Solutions
Worldwide Limited
Simon was a director of Expertplace Ltd which was subject to a
compulsory winding up order which was granted on 10 June 1996.
Simon was also a director of Tariam Limited which was subject to a
compulsory winding up order which was granted on 20 May 2009.
Simon Clifton owns 31,348,450 ordinary shares of GBP0.01 each in
the Company ("Ordinary Shares"), representing a shareholding of 5.8
per cent. of the current issued share capital of the Company. Simon
Clifton holds no options or warrants over Ordinary Shares.
About SSW
Established in 2008, SSW offers a broad range of satellite
broadband services with customers across 32 countries. SSW's
solutions target B2C and B2B users, and the Company has products
developed specifically for the broadcasting, Police and Military
markets. SSW operates a number of brands Europasat (Europe),
Breiband (Nordics) and SkyMesh (Australia) and is now the fourth
largest independent provider of satellite broadband internet
services in the world.
Last year's listing on the London Stock Exchange together with
the support from Business Growth Fund and the investor community
this year have put the Company in an excellent position to continue
strong organic growth in its subscriber base and recurring revenues
as well as execute on its preferred acquisition partners. The
Directors of SSW believe there is a major opportunity to continue
this organic growth and as appropriate consider acquisitions
throughout the fragmented European satellite broadband market and
further afield.
Working closely with satellite owners and operators, SSW targets
customers in the 'digital divide' with solutions that deliver up to
30 Mbps satellite based broadband services or fixed wireless to
almost any premises, whether residential, commercial or industrial
across Europe and Australia, irrespective of location or local
infrastructure.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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