SimiGon Limited Appointment to the Board (0793L)

TIDMSIM

RNS Number : 0793L

SimiGon Limited

17 April 2018

17 April 2018

SimiGon Ltd

("SimiGon" or "the Company")

Appointment to the Board

SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, is pleased to announce the appointment, subject to shareholder approval at the next general meeting of the Company, of Omer Eyal as a non-executive director of the Company.

Mr. Eyal brings nearly 20 years of business advisory and entrepreneurial experience to the board. Mr. Eyal began his career as a corporate lawyer at global law firm Steptoe & Johnston LLP. He then went on to join UMA Solar LLC, a leading thermal and solar power distributor, as the company's COO and Legal Affairs Manager for 9 years. Following his exit from UMA Solar, Mr Eyal went on to become founder and CEO of TEVA Energy LLC, managing a team of experts in the development and distribution of renewable-energy solar solutions across North America and the Caribbean. Mr. Eyal spearheaded the merger of Superior Solar Systems LLC and TEVA Energy LLC to form TEVA Alternative Energy LLC of which he was appointed CEO and managing member. Mr. Eyal is a qualified D.C. lawyer holding a Judicial Doctorate from Georgetown University.

Further information with respect to Omer Eyal, as required pursuant to Schedule 2(g) of the AIM Rules, is set out below.

Ami Vizer, CEO of SimiGon, commented: "We are delighted that Mr Eyal has agreed to join the board of SimiGon and are confident that his considerable range of skills and experience will be of great benefit to the Company."

The following information regarding the appointment of Omer Chaim Eyal, age 46, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current directorships and/or   Former directorships and/or partnerships 
  partnerships:                  (within the last five years): 
 TEVA Alternative Energy LLC    N/A 
 TEVA Energy LLC 
 Superior Solar Systems LLC 
 
 

Mr. Eyal has no shareholding in the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

For further information please contact:

Enquiries:

 
 SimiGon Ltd 
 Ami Vizer, Chief Executive Officer                      [phone] 
 Efi Manea, Chief Financial Officer 
 
 
                                                           [phone] 
   finnCap (NOMAD & Broker)                                0500 
 Stuart Andrews / Henrik Persson / Scott Mathieson 
  (corporate finance) 
 Stephen Norcross (corporate broking) 
 
 
 
 

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 information is provided by RNS

The company news service from the London Stock Exchange

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April 17, 2018 02:01 ET (06:01 GMT)