Regulatory Story
Go to market news section View chart   Print
SimiGon Limited   -  SIM   

Share buyback programme

Released 07:00 01-Dec-2017

RNS Number : 0702Y
SimiGon Limited
01 December 2017

1 December 2017


SimiGon Ltd

("SimiGon" or "the Company")


Share buyback programme


SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, announces that it has today put in place an irrevocable, non-discretionary programme for the repurchase of up to USD$106,000 (approximately £79,000) of its ordinary shares (the "Programme").


The Programme will be independently managed by finnCap Ltd, the Company's nominated adviser and broker, which will make trading decisions independently and without the influence of the Company. Any ordinary shares repurchased on behalf of the Company will be held in treasury and will be notified to a Regulatory Information Service in accordance with the AIM Rules for Companies.


The Programme will last until the end of the Company's general meeting in 2018 or until the full USD$106,000 has been utilized, whichever is the soonest.  The Programme will be conducted within the pre-set parameters and in accordance with the authority granted by the Company's shareholders to repurchase shares at its last general meeting held on 8 September 2017 (the "General Meeting"). Further information on the authority granted by shareholders is set out in the notice to the General Meeting, available on the Company's website 


The Programme will be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU.





SimiGon Ltd

Ami Vizer, Chief Executive Officer

+1 (407) 951 5548   

Efi Manea, Chief Financial Officer


finnCap (NOMAD & Broker)


+44 (0) 207 220 0500

Henrik Persson/Scott Mathieson (corporate finance)

Stephen Norcross (corporate broking)


Alma PR (Public Relations)

Hilary Buchanan/Josh Royston/Helena Bogle

+44 (0) 208 004 4217



About SimiGon

SimiGon (AIM: SIM) is a leading developer and supplier of distributed simulation solutions for defence and civilian applications. SimiGon is the creator of SIMbox, a leading PC-based platform for creating, managing and deploying simulation-based content across multiple domains. Through its off the-shelf training solutions for demanding high-skill occupations, SimiGon provides diverse organizations with faster and more cost-effective training. SimiGon's growing client base includes blue-chip training and simulation systems providers as well as air forces and commercial airlines worldwide. Founded in 1998, SimiGon maintains offices in Israel and the United States.



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

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


Share buyback programme - RNS