Last checked at 23 Dec 2016 10:09
Vislink plc
("Vislink", the "Company" or the "Group")
Posting of Circular and Notice of General Meeting
Further to the Company's announcement on 16 December 2016, Vislink announces that a circular (the "Circular") containing a notice of general meeting (the "Notice") has been sent to shareholders of Vislink ("Shareholders"). The purpose of the general meeting is to seek Shareholder approval to sell the assets of Vislink Communication Systems, the hardware division of the Company's business, to xG Technology, Inc. for $16 million (the "Proposed Disposal").
The general meeting has been convened for 10.00 a.m. on 9 January 2017 as set out in the Circular. At the general meeting resolutions will be proposed to authorise completion of the Proposed Disposal and to change the Company name.
For further information please contact:
John Hawkins, Executive Chairman | +44 (0) 14 88 68 55 00 |
Vislink plc | |
Shaun Dobson / James White N+1 Singer (Nomad and Broker) | +44 (0) 20 74 96 30 00 |
Charlie Jack / Bertie Berger Hudson Sandler | +44 (0) 20 77 96 41 33 |