9th Oct 2013 15:24
9 October 2013
SimiGon Ltd
("SimiGon" or "the Company")
Issue of Equity
SimiGon announces that, pursuant to resolutions passed at the Company's annual general meeting on 20 December 2012 and as the final installment of an initiative undertaken in October 2009 to reduce cash expenses, a total of 119,727 Ordinary Shares have been issued to the Company's Non-Executive Directors in return for a one year salary reduction:
Consequent interest in Ordinary Shares | |||
Director |
Issue of Ordinary Shares |
# of Ordinary Shares | % of Enlarged Share Capital |
Alistair Rae | 47,727 | 202,249 | 0.43 |
Nevat Simon | 24,000 | 72,000 | 0.15 |
Vered Shany | 24,000 | 72,000 | 0.15 |
Eitan Cohen | 24,000 | 72,000 | 0.15 |
Total | 119,727 | 418,249 | 0.88 |
Accordingly, application has been made for these 119,727 Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 15 October 2013. The Company will have 47,292,706 Ordinary Shares in issue following Admission.
Enquiries:
SimiGon Ami Vizer, Chief Executive Officer Efi Manea, Chief Financial Officer www.simigon.com |
Tel: +1 (407) 951 5548 |
finnCap (NOMAD & Broker) Stuart Andrews / Henrik Persson |
Tel: +44 (0) 207 220 0500 |
Luther Pendragon (Media & Investor Relations) Harry Chathli / Alexis Gore / Oli Hibberd |
Tel: + 44 (0) 207 618 9100 |
Related Shares:
SIM.L