Source - RNS
RNS Number : 9918K
SimiGon Limited
27 September 2016
 

27 September 2016

 

SimiGon Ltd

("SimiGon" or the "Company")

 

Exercise of Options and Issue of Equity

 

Further to the approval granted at the Annual General Meeting on 30 December 2015 in relation to the 2014 annual share based bonus to Non-executive directors and further to the exercise of options by Mr. Ami Vizer (Chief Executive Officer of the Company), application has been made for 401,035 new ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission").

 

The application includes: (i) the allotment of 25,000 Ordinary Shares to each of the outgoing external directors, Dr. Vered Shany and Mr. Nevat Simon; (ii) the allotment of 25,000 Ordinary Shares to Mr. Eitan Cohen (Non-executive director); (iii) the allotment of 25,000 Ordinary Shares to Mr. Alistair Rae (Non-executive Chairman); and (iv) the allotment of 301,035 Ordinary Shares following the exercise of options by Mr. Ami Vizer (Chief Executive Officer of the Company).

 

Pursuant to the issue of the new Ordinary Shares: (i) Mr. Ami Vizer has a beneficial interest in 11,365,489 Ordinary Shares, representing 22.11 per cent. of the total issued share capital of the Company; (ii) Mr. Eitan Cohen has a beneficial interest in 97,000 Ordinary Shares, representing 0.18 per cent. of the total issued share capital of the Company; and (iii) Mr Alistair Rae has a beneficial interest in 227,249 Ordinary Shares, representing 0.44 per cent. of the total issued share capital of the Company.

 

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and Admission is expected to become effective on 3 October 2016.  Following this issue of new Ordinary Shares, the Company has 51,394,189 Ordinary Shares in issue and holds none in treasury. Accordingly, the total number of voting rights in the Company is 51,394,189 and 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.

 

Enquiries:

 

SimiGon Ltd

Ami Vizer, Chief Executive Officer

Efi Manea, Chief Financial Officer

www.simigon.com

 

 

Tel: +1 (407) 951 5548

finnCap (NOMAD & Broker)

Stuart Andrews / Scott Mathieson (corporate finance)

 

 

Tel: +44 (0) 20 7220 0500

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

  Amos Vizer

2.               

Reason for the Notification

a)

Position/status

 Director and Chief Executive Officer

b)

Initial notification/Amendment

 Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 SimiGon Ltd

b)

LEI

n/a

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 Issuance of Ordinary Shares

Identification code

IL0010991185

b)

Nature of the transaction

  Exercise of Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 20.5 penny

 301,035 Ordinary Shares of 0.01 NIS each

d)

Aggregated information:

·      Aggregated volume

·      Price

 

 301,035 Ordinary Shares of 0.01 NIS each issued at a price of 20.5 penny per ordinary share

e)

Date of the transaction

26 September  2016

f)

Place of the transaction

AIM Market

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

5.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

  Alistair Rae

6.               

Reason for the Notification

a)

Position/status

 Non-Executive Chairman of the Board of Directors

b)

Initial notification/Amendment

 Initial notification

7.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 SimiGon Ltd

b)

LEI

n/a

8.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 Issuance of Ordinary in lieu of bonus

Identification code

 IL0010991185

b)

Nature of the transaction

  Share Issuance in lieu of bonus

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 20.5 penny

 25,000 Ordinary Shares of 0.01 NIS each

d)

Aggregated information:

·      Aggregated volume

·      Price

 

25,000 Ordinary Shares of 0.01 NIS each issued at a price of 20.5 penny per ordinary share

e)

Date of the transaction

26 September 2016

f)

Place of the transaction

AIM Market

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

9.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

  Eitan Cohen

10.               

Reason for the Notification

a)

Position/status

 Non-Executive Directors

b)

Initial notification/Amendment

 Initial notification

11. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

 SimiGon Ltd

b)

LEI

n/a

12. 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

 Issuance of Ordinary in lieu of bonus

Identification code

IL0010991185

b)

Nature of the transaction

 Share Issuance in lieu of bonus

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 20.5 penny

 25,000 Ordinary Shares of 0.01 NIS each

d)

Aggregated information:

·      Aggregated volume

·      Price

 

 25,000 Ordinary Shares of 0.01 NIS each issued at a price of 20.5 penny per ordinary share

e)

Date of the transaction

26 September 2016

f)

Place of the transaction

AIM Market

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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