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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
22nd Feb 200712:41 pmRNSHolding(s) in Company
22nd Feb 200712:21 pmRNSHolding(s) in Company
17th Jan 20071:02 pmRNSHolding(s) in Company
17th Jan 20077:00 amRNSTrading Statement
12th Jan 20073:30 pmRNSTotal Voting Rights
2nd Jan 20079:52 amRNSDirector/PDMR Shareholding
21st Dec 20063:23 pmRNSTotal Voting Rights
20th Dec 20069:55 amRNSHolding(s) in Company
20th Dec 20069:52 amRNSHolding(s) in Company
12th Dec 20067:00 amRNSRe Contract
29th Nov 20067:01 amRNSRe Contract
23rd Nov 20061:52 pmRNSHolding(s) in Company
23rd Nov 20061:47 pmRNSHolding(s) in Company
21st Nov 20063:49 pmRNSHolding(s) in Company
13th Nov 200611:05 amRNSHolding(s) in Company
6th Nov 200612:20 pmRNSHolding(s) in Company
1st Nov 20068:00 amRNSRe Contract
26th Oct 20066:08 pmRNSDirector Declaration
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4th Sep 20062:45 pmRNSDirector/PDMR Shareholding
30th Aug 20067:01 amRNSInterim Results
18th Jul 20067:00 amRNSTrading Statement
24th May 20067:00 amRNSAGM Statement
11th May 20062:43 pmRNSHolding(s) in Company
9th May 20069:36 amRNSHolding(s) in Company
8th May 200611:02 amRNSProduct Launch
5th May 20064:01 pmRNSAnnual Report and Accounts
5th May 20064:00 pmRNSAnnual Information Update
21st Apr 20067:00 amRNSDirectorate Change
6th Apr 20067:01 amRNSDirector/PDMR Shareholding
5th Apr 20067:01 amRNSDirector/PDMR Shareholding
3rd Apr 20064:56 pmRNSHolding(s) in Company
30th Mar 200610:38 amRNSAdditional Listing
29th Mar 20067:01 amRNSFinal Results
20th Mar 20067:01 amRNSHolding(s) in Company
9th Mar 200611:00 amRNSSignificant orders
1st Dec 200512:47 pmRNSDirector/PDMR Shareholding
7th Nov 20057:30 amRNSSignificant Order
3rd Nov 20057:00 amRNSDirectorate Change
28th Oct 20057:00 amRNSDirector/PDMR Shareholding
20th Sep 20059:37 amRNSProduct Launch
1st Sep 20057:00 amRNSIFRS Transition
1st Sep 20057:00 amRNSInterim Results
12th Jul 20057:30 amRNSTrading Statement
7th Jul 20053:29 pmRNSHolding(s) in Company
3rd Jun 20057:30 amRNSContract Win

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