IndigoVision Group PLC Cancellation of Block Listing & TVR (3843H)
March 12 2018 - 5:20AM
UK Regulatory
TIDMIND
RNS Number : 3843H
IndigoVision Group PLC
12 March 2018
12 March 2018
IndigoVision Group plc
("IndigoVision", the "Company" or the "Group")
Cancellation of Block Listing and TVR
On 17 April 2007, IndigoVision announced the block listing of
300,000 ordinary shares of 1p each in the capital of the Company
("Ordinary Shares") to be issued pursuant to the exercise of
options under the terms of the IndigoVision Group plc Approved
Share Option Scheme (the "Scheme"). The Company notes that a
balance of 23,390 Ordinary Shares remain unallotted under the
Scheme, rather than the 29,390 figure previously announced in the
block listing interim review released on 28 December 2017. This
error was due to 6,000 Ordinary Shares allotted in the period to 20
June 2015, as announced on 25 June 2015, being omitted from
subsequent block listing interim updates.
Due to the low number of options remaining outstanding under the
Scheme, and the pricing of such options, the Company does not
expect to receive exercise notices on a sufficiently frequent basis
to warrant continuation of the block listing facility and, as a
result, the facility has been cancelled. The Company expects to
satisfy any future exercise notices under the Scheme from Ordinary
Shares currently held in treasury.
IndigoVision confirms that it has 7,610,756 Ordinary Shares in
issue, of which 97,238 are held in treasury. Accordingly, the
number of Ordinary Shares carrying voting rights is 7,513,518.
Shareholders may use this figure of 7,513,518 Ordinary Shares
carrying voting rights as the denominator for the calculations by
which they can determine if they are required to notify their
interest in, or a change of their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
For further information please contact:
IndigoVision Group plc
Chris Lea, CFO +44 131 475 7200
N+1 Singer, Nominated Adviser
Sandy Fraser +44 207 496 3000
Media Enquiries:
Charlotte Street Partners
Malcolm Robertson +44 7788 567680
About Indigovision
IndigoVision is a leader in the design and supply of high
performance, highly-intelligent video security systems for security
installations of differing sizes and complexity. From video capture
and transmission to analysis and storage, IndigoVision's networked
video security systems provide the best quality and most secure
video evidence, using market leading compression technology to
minimise bandwidth and reduce storage costs.
IndigoVision's technology is ideally suited for use in mission
critical facilities such as government, oil and gas, transport,
cities, industry, education, police, prisons and casinos to improve
public safety, protect assets, develop organisations' operational
efficiency and support law enforcement.
IndigoVision has sales and support teams in 23 countries and
operates through 18 regional centres, in Edinburgh, London, Paris,
Amsterdam, Dusseldorf, Johannesburg, Dubai, Mumbai, Singapore,
Macau, Shanghai, Sydney, Mexico City, Toronto, Bogotá, New Jersey,
Buenos Aires and Sao Paulo.
IndigoVision partners with a network of some 1,000 trained and
authorised IndigoVision resellers to provide local system design,
installation and servicing to IndigoVision's system users.
This information is provided by RNS
The company news service from the London Stock Exchange
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