SEV Servision

TIDMSEV

RNS Number : 9818Q

SerVision plc

23 June 2015

23 June 2015

SerVision PLC

("SerVision" or the "Company")

Result of General Meeting

SerVision (AIM: SEV), the AIM quoted developer and manufacturer of digital security systems, is pleased to announce that all resolutions proposed at the General Meeting held earlier today were duly passed.

As a result, completion of the allotment and issue of 7,655,593 Conditional Subscription Shares (as described in the Company's announcement of 22 May 2015) is conditional only on Admission of the 7,655,593 Conditional Subscription Shares. Admission is expected to take place at 8.00am tomorrow, 24 June 2015.

In addition, the grant of options to Gabriel Sassoon and Eliyahu Greineman, details of which were announced on 22 May 2015, are now unconditional.

Following Admission, the Company's issued share capital will consist of 88,228,022 ordinary shares of 1 pence each and the total number of voting rights in the Company will be 88,228,022. 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.

Defined terms in this announcement should be taken to have the same meaning as set out in the announcement released on 22 May 2015.

-ends-

 
SerVision plc                        +972 2535 0000 
Gidon Tahan, Chairman and CEO 
Allenby Capital Limited (Nominated   +44 (0)20 3328 
 Adviser and Broker)                           5656 
Nick Athanas / James Reeve 
 
 
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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