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Exercise of Options - Simigon

News Details

Exercise of Options

The Company announces that, further to the exercise of options by Mr. Ami Vizer (director and chief executive officer of the Company) and a former employee, application has been made for 577,555 new ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission") including 527,554 Ordinary Shares to Mr. Ami Vizer.

Pursuant to the issue of the new Ordinary Shares, Mr. Ami Vizer has a beneficial interest in 10,464,184 Ordinary Shares, representing 20.9 per cent. of the total issued share capital of the Company.

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 14 November 2014. Following this issue of new Ordinary Shares, the Company has 50,079,690 Ordinary Shares in issue and holds none in treasury. Accordingly, the total number of voting rights in the Company is 50,079,690.

View complete announcement on London Stock Exchange Website