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Update

26 Jan 2011 07:00

RNS Number : 0714A
Vislink PLC
26 January 2011
 



Vislink plc (the "Company")

Update

 

26 January 2011

 

Following the recent disposal of its Marine and Energy business, the Company now focuses on providing secure communications to the News and Entertainment and Law Enforcement and Public Safety markets. The Company has today announced that it is reducing its headcount by around 60 people, being approximately one quarter of its total workforce. These reductions will be combined with further site-consolidations and the acceleration of the transfer of product sourcing to Asia. As a result, the Company expects to reduce the total fixed cost-base of the continuing business to approximately £20.0m, which is consistent with the current market trends and expected revenue growth of the Company. The cash cost of the restructuring will be approximately £0.6 million.

 

- ends -

 

For further information, please contact:

 

Duncan Lewis, Chief Executive +44 (0) 14 88 68 55 00

James Trumper, Group Finance Director +44 (0) 14 88 68 55 00

Charlie Jack, Hudson Sandler +44 (0) 20 77 96 41 33

About Vislink plc

Vislink plc is a global technology business specialising in secure communications and services for the news & entertainment and law enforcement & public safety markets. The Company has two international business units serving these markets.

 

The Company's strategic focus is the design, manufacture, sale, installation and maintenance of wireless, video and IP technologies together with the supporting management systems. Vislink products include microwave radio, satellite transmission and wireless camera systems.

 

Headquartered in the UK with operations in the USA, Dubai and Singapore, the Company employs over 230 people worldwide. The Company is fully listed on the London Stock Exchange (LSE:VLK).

 

For further information, please visit www.vislink.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCDMGZMVKFGMZM
Date   Source Headline
26th May 201110:15 amRNSAnnual Information Update
18th May 20113:50 pmRNSInterim Management Statement - Amendment
18th May 20111:00 pmRNSResult of AGM
18th May 20117:00 amRNSInterim Management Statement
9th May 20119:00 amRNSDirector/PDMR Shareholding
15th Apr 20113:24 pmRNSHolding(s) in Company
13th Apr 20111:42 pmRNSCompletion of Tender Offer
11th Apr 20117:00 amRNSTender Offer Result
8th Apr 201111:12 amRNSResult of Meeting
7th Apr 20114:03 pmRNSExtension of Tender Offer
23rd Mar 20117:01 amRNSTender Offer
23rd Mar 20117:00 amRNSFinal Results
8th Mar 20111:41 pmRNSNotice of Results
8th Mar 20111:36 pmRNSDirector/PDMR Shareholding
21st Feb 20117:00 amRNSDirectorate Change
10th Feb 201110:10 amRNSDirector/PDMR Shareholding
26th Jan 20117:00 amRNSUpdate
11th Jan 201110:53 amRNSDirector/PDMR Shareholding
5th Jan 20114:11 pmRNSDirectorate Change
30th Dec 20104:36 pmRNSCompletion of sale of Hernis and trading update
29th Dec 20104:14 pmRNSResult of EGM
29th Dec 201010:50 amRNSHolding(s) in Company
29th Dec 201010:45 amRNSHolding(s) in Company
8th Dec 20102:17 pmRNSPublication of Shareholder Circular
19th Nov 20107:00 amRNSDisposal and Interim Management Statement
10th Nov 201011:07 amRNSDirector/PDMR Shareholding
11th Oct 20104:16 pmRNSDirector/PDMR Shareholding
14th Sep 20107:00 amRNSVislink Announce Contract
13th Sep 201011:32 amRNSDirector/PDMR Shareholding
7th Sep 20107:00 amRNSOrder Wins and Supplier Agreement
31st Aug 20109:43 amRNSVislink announces Joint Venture in China
25th Aug 20107:00 amRNSHalf Yearly Report
9th Aug 20102:58 pmRNSDirector/PDMR Shareholding
12th Jul 20102:33 pmRNSDirector/PDMR Shareholding
8th Jul 20107:00 amRNSTrading Statement
23rd Jun 20103:19 pmRNSDirectorate Change
7th Jun 20103:59 pmRNSDirector/PDMR Shareholding
3rd Jun 20101:25 pmRNSResult of AGM
2nd Jun 20109:15 amRNSBlocklisting Interim Review
24th May 20103:52 pmRNSAnnual Information Update
21st May 20104:07 pmRNSAnnual Report and Accounts
19th May 20107:00 amRNSInterim Management Statement
6th May 20105:04 pmRNSDirector/PDMR Shareholding
15th Apr 20103:17 pmRNSDirector/PDMR Shareholding
13th Apr 20102:05 pmRNSBlocklisting Interim Review
8th Apr 20101:21 pmRNSDirector Declaration
26th Mar 201011:14 amRNSHolding(s) in Company
26th Mar 201011:12 amRNSHolding(s) in Company
24th Mar 20107:00 amRNSFinal Results
18th Mar 20101:00 pmRNSHolding(s) in Company

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