News Details

Issue of Equity

The Company announces that application has been made for 1,383,733 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. The new Ordinary Shares are being issued pursuant to the exercise of options by Ami Vizer, a director of the Company, as announced on 1 April 2009, as well as share option exercises 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 21 April 2009.

Following admission, the Company will have 39,210,449 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