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Issue of Equity and Options - Simigon

News Details

Issue of Equity and Options

Thursday, 11 October 2012

Further to the Company's announcement of 12 April 2012, and following the achievement of certain performance targets, the Company announces that a total of 833,541 new ordinary shares of 0.01 NIS each ("Ordinary Shares") have been issued to senior management and employees, including 516,921 Ordinary Shares to Mr. Ami Vizer (a director of the Company).

Pursuant to the issue of the new Ordinary Shares, Mr. Ami Vizer has a beneficial interest in 8,327,782 Ordinary Shares, representing 17.66 per cent. of the total issued share capital of the Company.

Application has been made for the admission to trading on AIM of the new Ordinary Shares ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 16 October 2012. Following this issue of new Ordinary Shares, the Company has 47,143,874 Ordinary Shares in issue and holds none in treasury. Accordingly, the total number of voting rights in the Company is 47,143,875.

The above 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 Company under the FSA's Disclosure and Transparency Rules.

View complete announcement on London Stock Exchange Website