Result of Issuer Bid Offer

 

TIDMVDI 
 
RNS Number : 2800M 
Visual Defence Inc. 
27 January 2009 
 
VISUAL DEFENCE INC. 
("Visual Defence" or "the Company") 
 
 
Expiry and Outcome of Issuer Bid Offer 
 
 
 
 
RICHMOND HILL, ONTARIO - January 27, 2009 - Visual Defence Inc. (LSE: VDI) today 
announces that the issuer bid offer by the Company to purchase all of the common 
shares without nominal or par value in the Company (the "Shares") at a price of 
GBP0.07 per share, subject to certain terms and conditions (the "Issuer Bid" or 
the "Offer"), has expired and will not be extended. 
 
 
Each of the conditions of the Issuer Bid have either been satisfied or waived. 
Accordingly, the 22,378,575 Shares validly deposited under the Offer have been 
accepted for purchase by the Company under the Offer and will be taken up and 
paid for by the Company as soon as practicable. The Company expects that Capita 
Registrars (the Company's receiving agent) will be in a position to distribute 
cheques to holders of Shares (the "Shareholders") who have validly deposited 
Shares under the Offer on or about January 28, 2009. 
 
Shareholders are reminded that a general meeting of Shareholders has been 
convened for the purpose of passing a special resolution for application by 
Visual Defence to the London Stock Exchange plc to cancel admission of its 
Shares to trading on the AIM Market (the "EGM"). The EGM will commence at 11:00 
a.m. (Toronto Time) on January 28, 2009 and will be held at:- 
 
 
Visual Defence Inc. Corporate Headquarters 
9225 Leslie Street, Suite 7 
Richmond Hill 
Ontario, L4B 3H6 
CANADA 
 
 
If Shareholders vote in favour of passing the special resolution to cancel 
admission of its Shares to trading on AIM, the Company expects that cancellation 
will become effective at 07.00 a.m. on February 5, 2009. 
 
 
Shareholders who have validly deposited Shares under the Issuer Bid are further 
reminded that pursuant to the terms of the Issuer Bid, upon acceptance for 
purchase of Shares deposited under the Issuer Bid (effective as of today), such 
Shareholders have assigned and transferred to the Company all rights, title and 
interest in and to, all deposited Shares. The Company intends that no voting 
rights in relation to such deposited Shares will be exercised at the EGM. 
 
 
Enquiries:- 
 
 
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| Visual Defence Inc.                                                 |                +(1) 905 731 1254 | 
| Barry (Oved) Tal, Chairman                                          |                                  | 
| Bill Watson, Chief Financial Officer                                |                                  | 
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|                                                                     |                                  | 
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| KBC Peel Hunt Ltd (Nominated Adviser and Broker)                    |             [phone] | 
| David Anderson                                                      |                                  | 
|                                                                     |                                  | 
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About Visual Defence 
Visual Defence prides itself on mastering the "Art of Integration" and providing 
customized solutions. The Company provides advanced security solutions for 
leading government, airport, mass transit and commercial clients around the 
world. Leveraging 3C , its proven Security Management Software Platform, and 
suite of modular Integration, Video, VoIP Communication, and Situational 
Awareness applications, Visual Defence delivers solutions that meet exact 
business objectives. Visual Defence turns functionality and interoperability 
requirements into intelligent, scalable and easy-to-manage solutions that 
provide end-users with the security insight they need to improve operations and 
effectively prevent and mitigate risk. Additional information about Visual 
Defence is available at: 
www.visualdefence.com 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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