Vislink PLC
09 February 2005
9 February 2005
Listing Application
Vislink Plc ('Vislink' or 'the Company')
Application has been made to the UK Listing Authority, the London Stock Exchange
and the Irish Stock Exchange for admission to the Official Lists and to trading
on the London Stock Exchange and the Irish Stock Exchange's respective markets
for listed securities of 33,601,382 ordinary shares of 2.5 pence each ('New
Ordinary Shares') in relation to the proposed acquisition of Link Research
Limited and the proposed Placing and Open Offer. Of the 33,601,382 New Ordinary
Shares, 20,414,569 shares ('Open Offer Shares') are being issued in respect of
the Placing and Open Offer and 13,186,813 shares ('Initial Consideration
Shares') are being issued as initial consideration under the acquisition of Link
Research Limited.
The Open Offer shares will be issued as fully paid and will rank pari passu with
the existing ordinary shares of the Company.
The Initial Consideration Shares will be issued as fully paid and will rank pari
passu with the existing ordinary shares of the Company, save they will not be
entitled to receive any dividend declared in respect of the financial year of
Vislink ended 31 December 2004.
It is expected that Admission will become effective and that dealings in the New
Ordinary Shares will commence on 11 February 2005.
This information is provided by RNS
The company news service from the London Stock Exchange