Announcement • Jul 11
Global Invacom Group Limited to Report First Half, 2024 Results on Aug 14, 2024 Global Invacom Group Limited announced that they will report first half, 2024 results on Aug 14, 2024 Announcement • Jun 19
Global Invacom Group Limited Announces Resignation of Derek Arthur Henry Grice as Chief Technical Officer Global Invacom Group Limited announced resignation of Derek Arthur Henry Grice as Chief Technical Officer. Derek was Responsible for the continuous development of new technologies and products for current and future market opportunities being addressed by the Company, communicate with the stakeholders on technology advances and changes, and provide guidance and information leading to the strategic direction of the business. Reason for Cessation is to pursue other interests. Announcement • May 25
Global Invacom Group Limited Announces Resignation of Wendy Isabel Wong Pei Fern as Group Financial Controller, Effective August 15, 2024 Global Invacom Group Limited announced Resignation of Wendy Isabel Wong Pei Fern as Group Financial Controller. Role And Responsibilities: Jointly responsible for overseeing the Group's financial, accounting, tax, treasury, and compliance matters with the Finance Director. Other Directorships past: Global Invacom Manufacturing (Shanghai) Co Ltd. (Dissolved) Radiance Cayman Limited (Dissolved) Radiance Electronics (Shenzhen) Co Ltd. (Dissolved). Other Directorships present: Global Invacom Manufacturing Pte. Ltd. Global Invacom (Shanghai) Co Ltd. Global Invacom Sdn Bhd PT Global Invacom Indonesia . Reason For Cessation To pursue other interests. Announcement • May 01
Global Invacom Group Limited Announces Board and Board Committee Changes, Effect from 1 May 2024 The Board of Directors of Global Invacom Group Limited announced the appointment of Mr. Alex Tan Tiong Huat ("Mr. Alex Tan") and Mr. David Martin Gilmore ("Mr. Gilmore") as Independent Non-Executive Directors of the Company with effect from 1 May 2024. Following the appointment of Mr. Alex Tan and Mr. Gilmore, with effect from 1 May 2024: Mr. Alex Tan will be appointed as the Chairman of the Audit and Risk Committee ("ARC") and a member of the Nominating Committee in place of Mr. John Lim Yew Kong who had retired at the last annual general meeting held on 24 April 2024; and Mr. Gilmore will be appointed as the Chairman of the Remuneration Committee ("RC") in place of Mr. Wayne Robert Porritt ("Mr. Porritt"), and a member of the ARC in place of Mr. Kenny Sim Mong Keang. Mr. Porritt will remain as a member of the RC. Consequent to the aforesaid appointments and changes, the revised composition of the Board and Board Committees will be as set out below with effect from 1 May 2024: Board of Directors: Mr. Wayne Robert Porritt - Independent Non-Executive Chairman, Mr. Gordon Blaikie- Executive Director and Interim Chief Executive Officer, Mr. Alex Tan Tiong Huat- Independent Non-Executive Director, Mr. David Martin Gilmore- Independent Non-Executive Director, and Mr. Kenny Sim Mong Keang- Non-Independent Non-Executive Director. Audit and Risk Committee: Mr. Alex Tan Tiong Huat- Chairman, Mr. Wayne Robert Porritt- Member, and Mr. David Martin Gilmore- Member. Nominating Committee: Mr. Wayne Robert Porritt - Chairman, Mr. Alex Tan Tiong Huat - Member, Mr. Kenny Sim Mong Keang - Member. Remuneration Committee: Mr. David Martin Gilmore - Chairman, Mr. Wayne Robert Porritt - Member, and Mr. Kenny Sim Mong Keang - Member. Announcement • Apr 02
Global Invacom Group Limited, Annual General Meeting, Apr 24, 2024 Global Invacom Group Limited, Annual General Meeting, Apr 24, 2024, at 11:00 Singapore Standard Time. Location: The National University of Singapore Society, Suntec City Guild House 3 Temasek Boulevard, #02-401/402 Suntec City Mall Singapore Singapore Announcement • Nov 30
Global Invacom Group Limited Announces Management Changes The board of directors of Global Invacom Group Limited to announced the resignation of Mr. Cosimo Borrelli as Independent Director of the Company with effect from 30 November 2023. Following the resignation of Mr. Cosimo Borrelli, with effect from 30 November 2023: Mr. Cosimo Borrelli will cease to be the Chairman of the Nominating Committee ("NC"), and member of the Audit and Risk Committee ("ARC") and Remuneration Committee ("RC");Mr Wayne Robert Porritt, the Independent Non-Executive Chairman of the Company be appointed as the Chairman of the NC; and Mr. Kenny Sim Mong Keang, the Non-Executive Director of the Company be appointed asmember of the NC, ARC and RC. The Board considers Mr. Kenny Sim Mong Keang to be non-independent for the purpose of Rule 704(8) of the SGX Listing Manual. In Audit and Risk Committee: Mr. John Lim Yew Kong - ChairmanMr Kenny Sim Mong Keang - Member, Mr. Wayne Robert Porritt - Member. In Nominating Committee: Mr. Wayne Robert Porritt - Chairman, Mr. John Lim Yew Kong - Member, Mr. Kenny Sim Mong Keang- Member. In Remuneration Committee: Mr. Wayne Robert Porritt - Chairman, Mr. John Lim Yew Kong - Member, Mr. Kenny Sim Mong Keang - Member. Announcement • Sep 27
Global Invacom Group Expects Cancellation of Admission of the Shares to Trading on AIM on 3 November 2023 Further to the Global Invacom Group Limited's announcement on 6 September 2023, Global Invacom notified that it has made available on its website, a circular to shareholders ("Circular") containing a notice convening an extraordinary general meeting ("EGM") for the purposes of seeking shareholder approval for the cancellation of admission of the Company's ordinary shares ("Shares") to trading on AIM ("AIM Delisting"), together with associated documents relating to the EGM and the AIM Delisting. Expected last day of dealings on AIM is 2 November 2023. Expected cancellation of admission of the Company's Shares to trading on AIM on 3 November 2023. Announcement • Sep 07
Global Invacom Group Announces Proposed Cancellation to Trading on AIM Global Invacom Group Limited notified that it will be posting a circular to shareholders ("Circular") in connection with a proposal for the cancellation of admission of the Company ordinary shares ("Shares") to trading on AIM ("AIM Delisting"), pursuant to Rule 41 of the AIM Rules for Companies ("AIM Rules"). It is expected that the Circular will be posted during September and that AIM Delisting will occur on or around 30 October 2023. The Company's Shares will remain listed on the Mainboard of the Singapore Exchange Securities Trading Limited ("SGX-ST") after AIM Delisting, and all public trading of securities in the Company will take place on that exchange. The Circular will set out the background to and reasons for the AIM Delisting and additional information on the implications of the AIM Delisting for the Company and its shareholders, and include a notice of an extraordinary general meeting of the Company ("EGM"), for the purposes of considering and, if thought fit, passing the requisite shareholder resolution to approve the AIM Delisting. Announcement • Aug 18
Global Invacom Group Limited Appoints Khoo Yi Ning as Joint Company Secretary The Board of Directors of Global Invacom Group Limited announced the appointment of Ms. Khoo Yi Ning as the Joint Company Secretary of the Company with effect from 18 August 2023. Following the appointment, the Company Secretaries of the Company are Mr. Yoo Loo Ping and Ms. Khoo Yi Ning. Reported Earnings • Aug 14
First half 2023 earnings released: US$0.008 loss per share (vs US$0.012 loss in 1H 2022) First half 2023 results: US$0.008 loss per share (improved from US$0.012 loss in 1H 2022). Revenue: US$31.3m (down 16% from 1H 2022). Net loss: US$2.14m (loss narrowed 35% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jun 01
Global Invacom Group Limited Appoints Robert Mallinson as Finance Director The Board of Directors of Global Invacom Group Limited approved the appointment of Mr. Robert Mallinson as the Finance Director of the Company. Mr. Robert Mallinson will be responsible for overseeing the overall financial and accounting functions of the Group. Working Experience: Oct. 2021 to May 2023, Group Financial Controller at Access Partnership 2020-2021, Group Financial Controller at GLH Hotels 2018-2019, Group Head of Finance at the Cyberfort Group 2016-2017, Finance Director and Group Financial Controller at the Tarsus Group 2014-2015, UK Finance Director at EurotaxGlass's. Professional Qualifications: ACMA - Chartered Institute of Management Accountants (CIMA). Appointment date is May 30, 2023. Reported Earnings • Feb 28
Full year 2022 earnings released Full year 2022 results: Revenue: US$72.8m (down 12% from FY 2021). Net loss: US$13.2m (down US$13.7m from profit in FY 2021). Announcement • Feb 16
Global Invacom Group Limited Provides Earnings Guidance for the Full Year Ended 31 December 2022 Global Invacom Group Limited provided earnings guidance for the full year ended 31 December 2022. For the year, the Group expects to record a net loss after tax of approximately USD 13.2 million for FY2022 against a net profit of USD 558,000 for the full year ended 31 December 2021. Group revenue in FY2022 is expected to be approximately USD 72.8 million versus USD 82.5 million in FY2021. Announcement • Dec 11
Global Invacom Group Limited Announces Resignation of Anthony Brian Taylor as Chief Executive Officer Global Invacom Group Limited announced resignation of Anthony Brian Taylor as Chief Executive Officer. Reason For Cessation: After 16 years with the Company, Mr. Anthony Taylor, Executive Chairman, decided to step down as a member of the Board and executive director. Announcement • Dec 10
Global Invacom Group Limited Announces Board Changes Global Invacom announces that after 16 years with the Company, Tony Taylor, Executive Chairman, has decided to step down as a member of the Board and executive director with immediate effect. The Board and the wider executive team would like to thank Tony for his tireless dedication and contribution to the Group, having joined the business in 2006, and wish him every success in all his future endeavours. Gordon Blaikie, Global Invacom's current Chief Operating Officer and an executive director, will assume the role of Interim Chief Executive Officer whilst the Group identifies a permanent replacement. In addition, Wayne Porritt, currently an Independent Non-Executive Director of the Company, will become Independent Non-Executive Chairman with immediate effect. The Board firmly believes that the combined skills and competences of both Gordon and Wayne, together with the wider executive team, provides the Group with an ideal blend of operational and fiscal control until a suitable candidate joins the business. Subsequent to Tony's stepping down as an executive director, he will also cease to be a member of the Nominating Committee with immediate effect. The revised composition of the Board and Board Committees is as set out below after the below details Board of Directors: Mr. Wayne Robert Porritt - IndependentNon-ExecutiveChairman, Mr. Gordon Blaikie - Executive Director and Interim Chief Executive Officer Mr. John Lim Yew Kong - Lead Independent Director, Mr. Cosimo Borrelli - Independent Director, Mr. Kenny Sim Mong Keang - Non-Independent Non-Executive Director. Audit and Risk Committee: Mr. John Lim Yew Kong Chairman, Mr. Cosimo Borrelli Member, Mr. Wayne Robert Porritt Member.Nominating Committee: Mr. Cosimo Borrelli Chairman, Mr. John Lim Yew Kong Member, Mr. Wayne Robert Porritt Member, Nominating Committee:Mr Cosimo Borrelli Chairman, Mr. John Lim Yew Kong Member, Mr. Wayne Robert Porritt Member. Remuneration Committee: Mr. Wayne Robert Porritt Chairman, Mr. Cosimo Borrelli Member, Mr. John Lim Yew Kong Member. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up US$1.18m from 1H 2021). Profit margin: (up from net loss in 1H 2021). Announcement • Aug 02
Global Invacom Group Limited Provides Earnings Guidance for the Half Year Ended June 30, 2022 Global Invacom Group Limited provided earnings guidance for the half year ended June 30, 2022. For the period, the Group expects to record a net loss after tax of approximately USD 3.3 million against a net loss of USD 1.2 million for the same period a year ago. Group revenue to be approximately USD 37.2 million against USD 40.4 million in 1H FY2021. Reported Earnings • Apr 15
Full year 2021 earnings released: EPS: US$0.002 (vs US$0.01 in FY 2020) Full year 2021 results: EPS: US$0.002 (down from US$0.01 in FY 2020). Revenue: US$82.5m (down 20% from FY 2020). Net income: US$561.0k (down 79% from FY 2020). Profit margin: 0.7% (down from 2.5% in FY 2020). Announcement • Apr 12
Global Invacom Group Limited, Annual General Meeting, Apr 27, 2022 Global Invacom Group Limited, Annual General Meeting, Apr 27, 2022, at 16:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 December 2021 together with the Auditors' Report thereon; to consider the re-election of the Directors, Executive and non-Executive Directors of the Company; to consider the approval of the payment of Directors' fees for the financial year ending 31 December 2022; to consider the re-appointment of Moore Stephens LLP as the Company's Auditors and to authorize the Directors to fix their remuneration; and to transact any other ordinary business which may properly be transacted at an AGM. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: US$82.5m (down 20% from FY 2020). Net income: US$561.0k (down 79% from FY 2020). Profit margin: 0.7% (down from 2.5% in FY 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Reported Earnings • Aug 18
First half 2021 earnings released: US$0.004 loss per share (vs US$0.001 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: US$40.4m (down 23% from 1H 2020). Net loss: US$1.18m (down 441% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Aug 06
Global Invacom Group Limited Provides Earnings Guidance for the Half Year Ended June 30, 2021 Global Invacom Group Limited provided earnings guidance for the half year ended June 30, 2021. For the period, the group expects to record a net loss of approximately USD 1.2 million against a net profit of USD 0.3 million a year ago. Group revenue is expected to be approximately USD 40.4 million against USD 52.8 million a year ago. Executive Departure • Jul 20
Financial Controller Andrew Martin has left the company On the 11th of July, Andrew Martin's tenure as Financial Controller ended. We don't have any record of a personal shareholding under Andrew's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$103.1m (down 23% from FY 2019). Net income: US$2.61m (up US$14.9m from FY 2019). Profit margin: 2.5% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Announcement • Oct 11
Global Invacom Appoints Wayne Robert Porritt as an Independent Director, Chairman of the Remuneration Committee and will act as a member of the Audit and Risk, and Nominating Committees Global Invacom appointed Wayne Robert Porritt to the board of directors of the company (the "Board") as an Independent Director, with effect from October 9, 2020. Mr. Porritt holds various directorship and advisory roles in corporate and non-profit organisations. He previously worked for Standard Chartered Bank (Hong Kong) Limited as Regional Chief Risk Officer and as a non-executive director of Standard Chartered Bank's South Korea and Taiwan subsidiaries. Mr. Porritt has extensive risk and restructuring experience, following over 20 years at Bank of America and Standard Chartered Bank. His banking and finance career commenced in Australia where he previously worked in the credit and insolvency divisions of Société Générale and Ernst & Young. Mr. Porritt has been appointed Chairman of the Remuneration Committee and will act as a member of the Audit and Risk, and Nominating Committees. 