RECENT NEWS

Jul
31
DIRECTORATE CHANGES

SimiGon Ltd


("SimiGon", the “Company" or the “Group”)


Directorate Changes


SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation and training solutions, announces that after more than 14 years as Non-Executive Chairman of SimiGon, Alistair Rae has today stepped down from the Board of Directors. Mr Rae has been replaced by Simon Bentley who has assumed the role of Senior Independent Non-Executive Director with immediate effect. Alongside these directorate changes the Company’s Chief Executive Officer, Ami Vizer, has taken on the additional role of Executive Chairman.


Mr Bentley has considerable experience at board level of UK listed public companies and has held a wide variety of executive and non-executive roles during the course of his career. Mr Bentley is currently Executive Chairman of Dominion ATM Banking Systems Ltd, trading as Cash on the Move, a UK mobile cash operator and a Non-Executive Director of Premier Foods plc. Among previous appointments, Mr Bentley was Chairman and Chief Executive of Blacks Leisure Group plc from 1987 to 2002, Deputy Chairman of law firm Mishcon de Reya from 2002 to 2009 and Senior Independent Non-Executive Director of Sports Direct International plc from 2007 to 2018. Mr Bentley is a certified FCA, having previously been a senior partner at Landau Morley LLP. All information required


In addition to the Board changes detailed above, the Company expects to announce a further senior executive management appointment in the near future.


Ami Vizer, SimiGon’s Chief Executive Officer and Executive Chairman said: "I am delighted to welcome Simon to the board as Senior Independent Non-Executive Director and I am confident that his considerable experience and knowledge will be of great benefit to the Company. In addition, I would like to thank Alistair for his significant contribution to the Company over the last 14 years and we wish him well in the future.”


Enquiries:


SimiGon Ltd


Ami Vizer, Chief Executive Officer +1 (407) 951 5548


Efi Manea, Chief Financial Officer


finnCap (NOMAD & Broker) +44 (0) 20 7220 0500


Scott Mathieson / Matthew Radley (corporate finance)


The following information regarding Simon Anthony Bentley (aged 64) is disclosed under Schedule 2(g) of the AIM Rules for Companies:


Current Directorships Directorships held in the past 5 years


Ben Uri Gallery and Museum Limited Bramford Road Development Limited


Cash on the Move (Europe) Limited Dunlop International Pension Scheme Trustees Limited


Cash on the Move Limited M + S Partnership Limited


Dominion ATM Banking Systems Ltd Sports Direct International plc


Kensington Design and Refurbishment Limited U G Properties Limited


Kensington Estates Limited Umberto Giannini Hair Cosmetics Ltd


Nivovia a.s.


Regents Park Estates Limited


Terry De Havilland Couture Ltd.


Torre Nueva Investment Limited


Voletime Limited


West End Properties PLC


Yad Vashem UK Foundation


Zuke Ski Limited


Zuke Trading Limited


As at the date of this announcement, Simon Bentley is not beneficially interested in any Ordinary Shares in the Company.


About SimiGon




SimiGon (AIM: SIM) is a leading developer and supplier of distributed simulation solutions for defence and civilian applications. SimiGon is the creator of SIMbox, a leading PC-based platform for creating, managing and deploying simulation-based content across multiple domains. Through its off the-shelf training solutions for demanding high-skill occupations, SimiGon provides diverse organizations with faster and more cost-effective training. SimiGon’s growing client base includes blue-chip training and simulation systems providers as well as air forces and commercial airlines worldwide. Founded in 1998, SimiGon maintains offices in Israel and the United States.


This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.


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