SGH Satcom Grp

RNS Number:3756V
SatCom Group Holdings plc
24 April 2007




Press Release                                                     24 April 2007



                             SatCom Group Holdings plc

                           ("SatCom" or "the Company")

                 Conditional Placing to raise up to GBP 1.169 million

SatCom Group Holdings plc, a reseller of mobile satellite communications, is
pleased to announce a placing (the "Placing"), conditional on admission to
trading on AIM, of up to 3,653,276 new ordinary shares of US$0.10 each (the
"Placing Shares") at a subscription price of 32 pence each (the "Placing Price")
by Teather & Greenwood Limited with institutional and other investors to raise
up to #1.169 million (before expenses).  The Placing is not underwritten.

A proportion of the monies raised will be used to redeem unlisted convertible
bonds issued in respect of the acquisition of World Communications Center as
well as for the final earn-out instalment following the acquisition of Horizon
Mobile Communications.  The balance of funds will be applied towards executing
the strategy of SatCom in consolidating its position as a leading independent
provider of satellite hardware and airtime.

Commenting on the Placing, Mark White, Chief Executive Officer of SatCom, said: 
"This Placing demonstrates the continued strong belief in SatCom's prospects,
from both new and existing shareholders.  Our stated strategy has already
delivered strong growth and we are confident of continued success in the
future."

The Placing Shares will rank on their issue pari passu in all respects with the
existing issued ordinary shares in the Company. Application will be made for the
Placing Shares to be admitted to trading on AIM.  It is expected that they will
be admitted to trading on AIM on or around 30 April 2007.





                                    - Ends -



For further information:


SatCom Group Holdings plc
Mark White, Chief Executive Officer                    Tel: +44 (0) 1722 439 206
mark.white@satcomgroup.com                                   www.SatComgroup.com

Martin Ward, Chief Financial Officer                   Tel: +44 (0) 1722 439 201
martin.ward@satcomgroup.com                                  www.SatComgroup.com


Ernst & Young LLP
John Stephan                                           Tel: +44 (0) 207 951 2000
jstephan@uk.ey.com


Teather & Greenwood Limited
Gareth Price                                           Tel: +44 (0) 207 426 9000
gareth.price@teathers.com                                       www.teathers.com



Media enquiries:

Abchurch
Heather Salmond / Georgina Bonham                      Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com                        www.abchurch-group.com



Note to Editors

SatCom is a global reseller of airtime services and satellite systems hardware
(mobile handsets and data terminals) for major satellite systems operators,
including Inmarsat, Thuraya and Iridium.  SatCom's key target markets include
the US, Europe, Asia, Middle East and the maritime community worldwide.



SatCom is based in Salisbury in the UK, with further offices in the USA, Dubai
and throughout the Asia region.  SatCom has established a robust customer base
in excess of 20,000 active terminals and is able to offer all communication
solutions.



Products range from small, handheld phones through to terminals such as the
Inmarsat B-GAN, a high speed satellite Internet Protocol modem operating at
speeds of up to 432 kbits/s.   In addition, SatCom provides airtime services via
the three satellite operators to key customers including dealers, commercial
companies and Governments.



The user terminals are used with a SIM card that is registered by the end user
at www.simreg.com. This website is proprietary to SatCom, allowing SatCom to
register terminals and for customers to purchase prepaid airtime online.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

IOESEDFWDSWSEEL

Satcom (LSE:SGH)
Historical Stock Chart
From Jan 2025 to Feb 2025

Satcom (LSE:SGH)
Historical Stock Chart
From Feb 2024 to Feb 2025