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Market Cap: £27.82m
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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
24th Nov 20084:42 pmRNSPrice Monitoring Extension
21st Nov 20083:35 pmRNSHolding(s) in Company
19th Nov 20087:00 amRNSInterim Management Statement
3rd Nov 200811:34 amRNSDirector/PDMR Shareholding
30th Oct 20089:47 amRNSDirector/PDMR Shareholding
29th Oct 20089:50 amRNSDirector/PDMR Shareholding
27th Oct 20084:41 pmRNSPrice Monitoring Extension
17th Oct 20084:22 pmRNSDirector/PDMR Shareholding
14th Oct 200812:02 pmRNSDirector/PDMR Shareholding
10th Oct 20089:48 amRNSDirector/PDMR Shareholding
7th Oct 200810:21 amRNSDirector/PDMR Shareholding
6th Oct 20082:43 pmRNSHolding(s) in Company
6th Oct 200812:58 pmRNSBlocklisting Interim Review
3rd Oct 20083:49 pmRNSDirector/PDMR Shareholding
1st Oct 20085:05 pmRNSHolding(s) in Company
1st Oct 20084:12 pmRNSDirector/PDMR Shareholding
1st Oct 200811:37 amRNSDirector/PDMR Shareholding
23rd Sep 20082:07 pmRNSDirector/PDMR Shareholding
15th Sep 200812:10 pmRNSCompletion of Acquisition
15th Sep 200812:03 pmRNSDirector/PDMR Shareholding
12th Sep 200810:56 amRNSDirector/PDMR Shareholding
4th Sep 20081:11 pmRNSDirector/PDMR Shareholding
21st Aug 20087:00 amRNSAppointment of new CEO
21st Aug 20087:00 amRNSInterim Results
21st Aug 20087:00 amRNSAcquisition
5th Aug 20083:05 pmRNSDirector/PDMR Shareholding
26th Jun 20082:36 pmRNSDirector/PDMR Shareholding
20th Jun 20084:38 pmRNSPrice Monitoring Extension
12th Jun 20082:07 pmRNSHolding(s) in Company
2nd Jun 200812:00 pmRNSBlocklisting Interim Review
21st May 20081:32 pmRNSResult of AGM
16th May 20087:00 amRNSInterim Management Statement
9th May 20089:47 amRNSAnnual Information Update
2nd May 20083:06 pmRNSAnnual Report and Accounts
17th Apr 20089:35 amRNSProduct Launch
8th Apr 20083:28 pmRNSLTIP awards
7th Apr 20087:00 amRNSBlocklisting Interim Review
3rd Apr 20082:02 pmRNSDirector/PDMR Shareholding
31st Mar 200811:37 amRNSDirector/PDMR Shareholding
28th Mar 200810:05 amRNSHolding(s) in Company
28th Mar 20089:59 amRNSHolding(s) in Company
20th Mar 20085:28 pmRNSHolding(s) in Company
19th Mar 20082:36 pmRNSHolding(s) in Company
19th Mar 20082:33 pmRNSHolding(s) in Company
19th Mar 20082:31 pmRNSHolding(s) in Company
18th Mar 20087:02 amRNSFinal Results
17th Mar 20089:29 amRNSHolding(s) in Company
7th Mar 20081:30 pmRNSResult of EGM
21st Feb 200811:13 amRNSNotice of EGM
20th Feb 20084:38 pmRNSHolding(s) in Company

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