12 Mar 2018 09:20
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.