News Details

Exercise of Options and Issue of Equity

Further to the approval granted at the Annual General Meeting on 30 December 2015 in relation to the 2014 annual share based bonus to Non-executive directors and further to the exercise of options by Mr. Ami Vizer (Chief Executive Officer of the Company), application has been made for 401,035 new ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission").

The application includes: (i) the allotment of 25,000 Ordinary Shares to each of the outgoing external directors, Dr. Vered Shany and Mr. Nevat Simon; (ii) the allotment of 25,000 Ordinary Shares to Mr. Eitan Cohen (Non-executive director); (iii) the allotment of 25,000 Ordinary Shares to Mr. Alistair Rae (Non-executive Chairman); and (iv) the allotment of 301,035 Ordinary Shares following the exercise of options by Mr. Ami Vizer (Chief Executive Officer of the Company).

Pursuant to the issue of the new Ordinary Shares: (i) Mr. Ami Vizer has a beneficial interest in 11,365,489 Ordinary Shares, representing 22.11 per cent. of the total issued share capital of the Company; (ii) Mr. Eitan Cohen has a beneficial interest in 97,000 Ordinary Shares, representing 0.18 per cent. of the total issued share capital of the Company; and (iii) Mr Alistair Rae has a beneficial interest in 227,249 Ordinary Shares, representing 0.44 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 3 October 2016. Following this issue of new Ordinary Shares, the Company has 51,394,189 Ordinary Shares in issue and holds none in treasury. Accordingly, the total number of voting rights in the Company is 51,394,189 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

Enquiries:

SimiGon Ltd
Ami Vizer, Chief Executive Officer
Efi Manea, Chief Financial Officer
Tel: +1 (407) 951 5548

finnCap (NOMAD & Broker)
Stuart Andrews / Scott Mathieson (corporate finance)

Tel: +44 (0) 207 220 0500

View complete announcement on London Stock Exchange Website