Proactive Investors - Run By Investors For Investors

Sky and Space Global calls for halt in shares pending operational update

The halt will remain in place until Tuesday 5th September 2017.
Sky and Space Global calls for halt in shares pending operational update
Sky and Space shares are in pre-open

Sky and Space Global Ltd (ASX:SAS) has been granted a trading halt this morning, pending details of a major operational milestone for the 3 Diamonds nano-satellites.

Just last month the company signed its first binding commercial contract with a wholesale customer, Sat-Space Africa.

This follows the initial binding letter in 2016, with Sat-Space Africa the company’s first wholesale operator.

Sky and Space’s mission is to build a constellation of 200 nano-satellites.

The halt will remain in place until the opening of trade on Tuesday 5th September 2017, or earlier if an announcement is made to the market.

View full SAS profile View Profile

Sky and Space Global Ltd Timeline

Newswire
September 05 2017

Related Articles

Tavistock
December 03 2018
“Our outlook for growth remains positive", said chief executive Brian Raven.
growth concept with stairs going upwards
October 26 2018
Patersons' price target of 95 cents implies significant upside to the share price.
VR booth
July 12 2018
“We want to move very quickly. We see it is a landgrab opportunity"

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use