News Details

First Day of Dealings

SimiGon, a developer and international supplier of e-learning simulation software, announces that the Company's shares have been admitted today to trading on the Alternative Investment Market of the London Stock
Exchange plc ("AIM"). The Company's trading symbol is "SIM".

6,076,811 new ordinary shares have been allocated to institutional investors at a price of 88 pence per share (the "Placing Price"), raising approximately US$10.0m (£5.3m) for the Company before expenses. On admission to AIM a total of 37,250,666 ordinary shares were in issue (on a fully diluted basis) capitalizing the Company at approximately £32.8 million at the Placing Price.

The Company's nominated adviser and broker is Panmure Gordon & Co.