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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 FOR IMMEDIATE RELEASE: on 2 March 2010 Visonic Notice to Shareholders on the UK Branch Register ("UK Shareholders") before Delisting Visonic (LSE: VSC.L; TASE: VSC.TA) ("Visonic" or the "Company"), the international developer and manufacturer of electronic security systems (alarms) and home management systems, announces that, following certain queries from UK Shareholders with regards to the Company's ordinary shares ("Shares") following Delisting in the UK, expected to occur on 5 March 2010, the Company, based on the information it has received, would like to clarify as follows: In order to be able to trade Visonic Shares on the Tel-Aviv Stock Exchange ("TASE") in Israel there is a requirement to establish an Israeli account ("Israeli Broker Account") with an Israeli broker or bank which is a member of the TASE. In relation to Shares held on the UK Branch Register, maintained by Computershare Investor Services PLC ("Computershare"): a. if you are Israeli and already have an account with an Israeli bank or broker, you should contact your bank or broker in order to register your Shares on the TASE, b. Shareholders whose shares are held by Computershare ("UK Shareholders") who have an account with a bank or broker which has a custodian or a broker in Israel may not need to open an Israeli Broker Account, but may ask their bank to transfer their Shares to an Israeli custodian, and c. UK Shareholders may choose the TASE member firm with whom they wish to register their Shares in Israel (unless their bank has a custodian or a broker in Israel as set out in (b) above). UK Shareholders wishing to transfer their Shares to an Israeli Broker Account should note that, as previously announced, the Company has arranged for the services of Clal Finance Batucha Investment Management Limited ("Clal"), one of the largest financial institutions in Israel, to be made available. Details for Clal may be found on the Company's web-site at: http://www.visonic.com/ news-media, and are also set out below: Clal Finance Batucha Investment Management Ltd. Mrs. Mirit Amar Rubinshtein House, 3rd fl. 37, Menahem Begin Road Tel-Aviv 65220 Israel Tel: 972-3-7616488 e-mail: Mirita@clal-cfb.co.il UK Shareholders may contact the representative of Clal, Mrs. Mirit Amar, to receive information regarding the account opening process, together with the relevant documentation. In order to transfer your Shares to Israel, and once you have opened an Israeli Broker Account, you should contact your Israeli broker, whether Clal or another member of the TASE, or contact a bank (as detailed above), and Computershare. For the purpose of a share removal from Computershare, you may contact either: John Gorski john.gorski@computershare.co.uk T +44 (0)117 305 1075 F +44 (0)870 889 3120 or - George Czekalski george.czekalski@computershare.co.uk T +44 (0)870 703 6149 M +44 (0)7900 891 662 F +44 (0)870 703 6116 For holders of Visonic Depository Interests, it is recommended that such transfers should be arranged, if required, before the Visonic CREST Facility is terminated. The Company has arranged for the UK Branch Register to remain open until around 22 April 2010, allowing UK Shareholders additional time to open an Israeli Broker Account (if required) or to contact their bank or broker, if it has a custodian in Israel, in order to request transfer of their Shares from Computershare to Israel. Furthermore, the termination of Visonic CREST facility is now expected to occur on or around 22 April 2010. In cases where a UK Shareholder decides not to open an Israeli Broker Account or not to transfer their Shares until after the closure date of the Visonic CREST Facility, they will be issued with a share certificate by Computershare, and details of such holdings will be maintained by the Company. If such Shareholders wish, at a later date, to trade in Visonic Shares then an Israeli Broker Account must be opened or they should contact a local bank which has a custodian in Israel, as stated above, to arrange the transfer of their Shares to a TASE member firm. As long as UK Shareholders do not open an Israeli Broker Account and retain a share certificate, the Company's notifications in Hebrew will be sent to their registered addresses according to the details which will be held by the Company. In addition, all dividend payments, if distributed and paid by the Company, will be remitted directly by cheque in Israeli Shekels. The clarifications stated in this announcement will not alter shareholders' rights in any way. Terms defined in this announcement shall have the same meaning as in the Circular to Shareholders dated 11 January 2010, unless otherwise stated. - END - For further information please contact: Visonic Limited Avi Barir (President & CEO) Tel: + 972 3 645 6797 Yair Naaman (CFO) www.visonic.com Adi Enav (Investor Relations) Address: P.O.B. 13132, Tel-Aviv 69710, Israel HudsonSandler Alistair Mackinnon-Musson/ Nathan Tel: + 44 (0)20 7796 4133 Field visonic@hspr.com Arbuthnot Securities Richard Johnson / Edward Gay + 44 (0)20 7012 2000 END
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