News Details

Issue of Equity

The Company announces that application has been made for 88,498 ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on the AIM market of the London Stock Exchange. Of the 88,498 new Ordinary Shares being issued, 39,774 are being issued to certain employees pursuant to the salary reduction scheme as announced on 1 May 2009, and 48,724 are being issued pursuant to the exercise of options by certain employees of the Company.

The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and admission is expected to become effective on 23 July 2009.

Following admission, the Company will have 41,522,556 Ordinary Shares in issue.

SimiGon Ltd
Ami Vizer, Chief Executive Officer
Haim Yatim, Chief Financial Officer +972 9 956 1777

Evolution Securities Ltd
Jeremy Ellis, Chris Clarke +44 (0)20 7071 4300