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SerVision plc  -  SEV   

Result of General Meeting

Released 15:35 26-Nov-2015

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.




SerVision plc

+972 2535 0000

Gidon Tahan, Chairman and CEO


Allenby Capital Limited (Nominated Adviser and Joint Broker)

+44 (0)20 3328 5656

Nick Athanas / James Reeve 


Beaufort Securities Limited (Joint Broker)

Jon Levinson / Elliot Hance

+44 (0)20 7382 8300


Cadogan Leander (Financial PR)

Christian Taylor-Wilkinson

+44 (0)7795 168 157



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.                                           

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Result of General Meeting - RNS