SerVision plc Result of General Meeting (1185H)
27 November 2015 - 2:35AM
UK Regulatory
TIDMSEV
RNS Number : 1185H
SerVision plc
26 November 2015
26 November 2015
SerVision plc
("SerVision" or the "Company")
Result of General Meeting
SerVision (AIM: SEV), the AIM quoted developer and manufacturer
of digital video security systems, is pleased to announce that all
resolutions proposed at the general meeting of the Company held
earlier today were duly passed.
As a result, completion of the allotment and issue of the
5,145,714 Conditional Placing Shares and 12,898,142 Subscription
Shares (as described in the Company's announcement of 2 November
2015) is conditional only on Admission of the Conditional Placing
Shares and the Subscription Shares. Following such approvals and
save only for Admission, the Placing and Subscription as announced
on 2 November 2015 is now complete.
Application has been made to the London Stock Exchange for the
Conditional Placing Shares and the Subscription Shares to be
admitted to trading on AIM. Admission is expected to take place at
8.00 a.m. tomorrow, 27 November 2015.
Following Admission, the Company's issued share capital will
consist of 126,801,751 ordinary shares of 1 pence each and the
total number of voting rights in the Company will be 126,801,751.
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.
At the meeting, Gidon Tahan, Chairman and CEO of SerVision, made
the following comment: "The Company is delighted that shareholders
have approved the previously announced capital raising with the
funds being utilised to enable the Company to fulfil its order
book. The Company looks forward to providing further updates to
shareholders in due course."
Defined terms in this announcement should be taken to have the
same meaning as set out in the announcement released on 2 November
2015.
-ends-
SerVision plc +972 2535 0000
Gidon Tahan, Chairman and CEO
Allenby Capital Limited (Nominated +44 (0)20 3328
Adviser and Joint Broker) 5656
Nick Athanas / James Reeve
Beaufort Securities Limited (Joint
Broker)
+44 (0)20 7382
Jon Levinson / Elliot Hance 8300
Cadogan Leander (Financial PR)
+44 (0)7795 168
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
END
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