SerVision plc Issue of Equity (5005T)

TIDMSEV

RNS Number : 5005T

SerVision plc

20 July 2015

20 July 2015

SerVision plc

("SerVision" or the "Company")

Issue of Equity

SerVision (AIM: SEV), the AIM quoted developer and manufacturer of digital security systems, announces that it has issued 2,884,615 new ordinary shares of 1 pence each in the Company (the "New Ordinary Shares") at a price of 5.2 pence per ordinary share. The New Ordinary Shares have been issued to YA Global Master SPV Ltd ("YA Global"), an investment fund managed by Yorkville Advisers Global, LP ("Yorkville"), in satisfaction of GBP150,000 of the principal outstanding on a loan facility of up to GBP1 million provided to the Company by YA Global (the "Loan Agreement"). Further details on the Loan Agreement were announced by the Company on 1 September 2014.

Following the issue of the New Ordinary Shares, the outstanding principal and interest under the Loan Agreement amounts to GBP43,640.97. Yorkville and SerVision have agreed that the outstanding balance will be paid in full by SerVision on 15 September 2015.

Total Voting Rights

Application has been made for admission of the New Ordinary Shares to trading on AIM ("Admission") and it is anticipated that Admission will occur on 23 July 2015.

Following Admission the total enlarged issued share capital of SerVision will be 91,112,637 ordinary shares of 1p each. This 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

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SerVision plc                        [phone] 
Gidon Tahan, Chairman and CEO 
Allenby Capital Limited (Nominated   [phone] 
 Adviser and Broker)                           5656 
Nick Athanas / James Reeve 
 
 
Leander (Financial PR) 
                             [phone] 
Christian Taylor-Wilkinson               157 
 

Notes to Editors

SerVision is a pioneer in the field of security communications technology and a leading developer and manufacturer of fully integrated video recording and transmission systems for homeland security and transportation applications. The Company's core technology is proprietary video compression which is optimised for streaming real-time video over any type of cellular or narrowband network.

This information is provided by RNS

The company news service from the London Stock Exchange

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