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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Visonic | LSE:VSC | London | Ordinary Share | IL0010898463 | ORD ILS0.002 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 98.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMVSC DATE: 4 February 2010 VISONIC LIMITED ("Visonic" or the "Company") RESULT OF GENERAL MEETING APPROVAL OF DELISTING The Board of Visonic announces that the Resolutions proposed at the General Meeting ("GM") held earlier today, to approve the cancellation of listing of its Shares on the Official List and the trading of its Shares on the main market of the London Stock Exchange and to approve the proposed amendments to the Company's Articles of Association ("Articles"), as set out in the notice of GM sent to Shareholders dated 11 January 2010, were duly approved by Shareholders1. Accordingly, the Delisting, which was conditional upon the consent of not less than 75 per cent. of the votes cast at the GM in relation to the Delisting Resolution, is expected to occur at 8.00 a.m. (UK time) on 5 March 2010, being at least twenty clear business days following the date that shareholder approval was obtained. The Company has made a formal application for Delisting. The Company intends to close the UK Branch Register and terminate the depository interest facility shortly following the Delisting, at which point depositary interests will automatically be removed from CREST and all Shares on the UK Branch Register will be transferred to the IL Principal Register. Depositary interest holders will be given notice of the termination of the facility and the Company will announce such date on its website. In order to facilitate the continued trading of Visonic Shares on TASE by its current UK Shareholders, the Company has arranged for the services of Clal Finance Batucha Investment Management Limited ("Clal Finance Batucha"), one of the largest financial institutions in Israel, to be made available to such shareholders. Contact details for Clal Finance Batucha will published on the Company's website at www.visonic.com/news-media. 1Details of proxy voting on the Resolutions are set out below: Resolution Business In favour Against Withheld Votes % Votes % Votes % 1 Delisting approval 33,360,614 100 0 0 0 0 2 Amendments to the Articles 33,360,614 100 0 0 0 0 * The "in favour" votes include votes giving the Chairman discretion. ** A "vote withheld" is not a vote in law and is not counted in the calculation of the proportion of votes for or against a resolution. Terms defined in this announcement shall have the same meaning as in the Circular to Shareholders dated 11 January 2010, unless otherwise stated. For further information please contact: Yair Naaman (CFO) Adi Enav Investor Relations Visonic Limited Tel: + 972 3 645 6797 Web-site: www.visonic.com Alistair Mackinnon-Musson Nathan Field HudsonSandler Tel: + 44 (0)20 7796 4133 Email: visonic@hspr.com Richard Johnson Edward Gay Arbuthnot Securities Tel: + 44 (0)20 7012 2000 END
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