17th Aug 2015 07:01
17 August 2015
Satellite Solutions Worldwide Group plc
("SSW" or the "Company")
Resignation of two Non-executive Directors
Following the today's announcement of SSW's acquisition of Sat2Way, Tom Pridmore and Simon McGivern are stepping down from the board of SSW with immediate effect. Tom and Simon were involved in the flotation and fund raising of SSW and now that the Company has moved on from this process, their responsibilities have been fulfilled.
SSW CEO Andrew Walwyn commented: "I would like to thank Simon McGivern and Tom Pridmore for their extremely important contribution in the listing and fund raising of the Company, a strategy which has now been successfully executed. Their stewardship and vision have been integral in putting the Company on its exciting path of consolidating the European satellite broadband industry."
Enquiries:
Satellite Solutions Worldwide Group PLC | www.satellitesolutionsworldwide.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
Strand Hanson (Financial & Nominated Adviser) | Tel: +44 (0)20 7409 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 8790 |
Paul McManus / Paul Cornelius |
About SSW
Established in 2008, SSW offers a broad range of satellite broadband services with customers across 31 countries. With solutions targeting B2C and B2B users, and with products developed specifically for the broadcasting/SNG, Police and Military markets, SSW's brand Europasat is a leading independent provider of satellite broadband internet services across Europe.
Listing on the London Stock Exchange as Satellite Solutions Worldwide Group plc (AIM:SAT) on 12 May 2015, and with a track record of strong organic growth in its subscriber base and recurring revenues, the directors of SSW believe there is a major opportunity to consolidate the businesses organic growth with acquisitions throughout the fragmented European satellite broadband market.
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 to almost any premises, whether residential, commercial or industrial across Europe, irrespective of location or local infrastructure.
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