SpeedCast completes share purchase plan
London, Sep 13, 2016 AEST (ABN Newswire) - SpeedCast International Limited (
ASX:SDA) ("SpeedCast") confirms that applications under the share purchase plan ("SPP") announced on 18 August 2016 closed on 8 September 2016.
SpeedCast received approximately $10.7 million in applications under the SPP. SpeedCast has confirmed it will not be scaling back applications.
Applications and funds are currently being processed and shares are expected to be allotted under the SPP on or about 16 September 2016.
About Speedcast International Ltd
Speedcast International Ltd (ASX:SDA) is the world's most trusted communications and IT services provider, delivering critical communications solutions to the Maritime, Energy, Mining, Media, Telecom, Cruise, NGO, Government, and Enterprise sectors. With more satellite capacity than any other provider, Speedcast enables faster, seamless pole-to-pole coverage from a global hybrid satellite, fiber, cellular, microwave, MPLS, and IP transport network with direct access to public cloud platforms. The company also integrates differentiated technology offerings that provide smarter ways to communicate and distribute content, manage network and remote operations, protect and secure investments, and improve the crew and guest experience. With a passionate customer focus and a strong safety culture, Speedcast serves more than 3,200 customers in over 140 countries. Learn more at www.speedcast.com.
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