Recent News

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon promotes Jack Sarnicki to President

SimiGon announces Jack Sarnicki is appointed President and COO of SimiGon Inc.

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the promotion of Chief Operating Officer, Jack Sarnicki, to President of SimiGon Inc.

Mr. Sarnicki joined SimiGon Inc in August 2019 as a Chief Operating Officer (COO) and is currently leading the strategic mergers and acquisition effort.

Mr. Sarnicki’s military career encompassed 25 years in the United States Air Force Reserve ("USAFR") where he held both operational and technical engineering positions, ending his milit...

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SimiGon Ltd

(“SimiGon” or “the Company”)

POSTING OF ANNUAL REPORT AND ACCOUNTS

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces that an electronic copy of its Annual Report and Accounts for the year ended 31 December 2019 has been uploaded and is available on the Company's website at: www.simigon.com or here

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SimiGon Ltd

("SimiGon" or "the Company")

SimiGon M&A team seeks to acquire small businesses

SimiGon announces establishment of an M&A team to acquire strategic training businesses

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the establishment of a Mergers & Acquisitions (M&A) team.

SimiGon’s M&A team, led by Chief Operating Officer, Jack Sarnicki, will perform financial and technical due diligence on suitable acquisitions. The Company is seeking to acquire simulation & training businesses that are aligned with the Company’s strategic focus in the Government and Commercial training and simulation market. “Sim...

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SimiGon Ltd

("SimiGon" or "the Company")

USAF extends SimiGon support contract

SimiGon awarded Contractor Logistics Support (CLS) contract extension for USAF T-6A training devices

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has awarded the Company a contract extension to continue its Contractor Logistics Support (CLS) for SimiGon’s SIMbox-based T-6A Level 5 FAA Compliant Flight Training Devices (the “Contract”).

Under the Contract, SimiGon will continue to provides turnkey onsite and offsite support services (the “Service”) for the sixteen T-6A Level 5 Fligh...

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SimiGon Ltd

(“SimiGon” or the “Company")

Audited Full Year Results

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces its audited full year results for the year ended 31 December 2019 (the “Period”).

Financial Highlights

• Revenues decreased by 3% to $4.88 million (2018: $5.03 million)
• Gross margin decreased to 63% (2018: 81%)
• Operating loss increased by 91% to $1.45 million (2018: $0.76 million)
• Net loss increased by 44% to $1.45 million (2018: $1.01 million)
• Basic and diluted loss per share of $0.03 (2018: loss per share $0.02)
• Liquid cash and cash equivalents of $6.04 million a...

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SimiGon Ltd

("SimiGon" or "the Company")

Result of General Meeting

SimiGon, a global leader in providing simulation solutions, announces that at the Company’s General Meeting held earlier today all resolutions were duly passed.

SimiGon Ltd

("SimiGon" or the "Company")

Update regarding forthcoming General Meeting

SimiGon (LON: SIM) wishes to provide an update ahead of its General Meeting (“GM”) to be held on Thursday, April 16, 2020 commencing at 9.00 a.m. Eastern Standard Time (2.00 p.m. UK time). Full details and Notice of the GM (“GM Notice”) were posted to shareholders and are available on the Company’s website (www.simigon.com).

The Company wishes to update shareholders that, in light of the impact of the COVID-19 situation globally, the Company strongly encourages shareholders not to attend the meeting in person. SimiGon has authorized the Company’s registrar and ...

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SimiGon Ltd

("SimiGon" or the "Company")

Notice of General Meeting

SimiGon (LON:SIM) announces that a General Meeting of the Company is to be held at 9.00 a.m. Eastern Standard Time (2.00 p.m. GMT) on Thursday 16 April 2020 at 111 S. Maitland Avenue, Suite 210, Maitland, Florida 32751, USA (the "Meeting").

The Notice of General Meeting and related materials (the "Notice") will be mailed to shareholders today and an electronic copy will be made available on the Company's website: http://www.simigon.com or here.

Shareholders who cannot join the Meeting in person can join via conference call using the dial-in details below:

International dial-in number: +1 (605) 468-8001

Access code: 888780#

S...

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SimiGon Ltd

("SimiGon" or the "Company")

Trading update

SimiGon Limited (LSE: SIM), a global leader in providing simulation training solutions, provides the following trading update in relation to the year ended 31 December 2019 (the "Period"). The Company expects to announce its final results for the Period in April 2020.

The Company expects, subject to audit adjustments, to report revenue of approximately $4.88 million (2018: $5.03 million) and net loss of approximately $1.46 million (2018: net loss of $1.01 million) for the Period.

As set out in the Company's interim results, the key contributor to the loss during the Period is the increase in cost of revenue (as compared to the previous...

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SimiGon Ltd

("SimiGon" or "the Company")

Notice of Claim

SimiGon LTD. (the “Company”), a global leader in providing simulation solutions, announces that it has learned that D.D Goldstein Real Estates and Investment Ltd., which to the Company’s knowledge acquired 1,500,000 shares in the Company during 2019, has filed two legal actions in the Tel Aviv District Court – a petition for leave to file a monetary claim concerning salaries on behalf of the Company and an action for prerogative relief concerning resolutions approved at the Company’s annual general meeting held on December 30, 2019 regarding the appointment of directors and the determination of the...

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