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Pin to quick picksUnivision Regulatory News (UVEL)

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Director Dealing and Transaction in Own Shares

1 Mar 2012 17:49

RNS Number : 5452Y
UniVision Engineering Ltd
01 March 2012
 



 01 March 2012

 

UniVision Engineering Limited

("UniVision" or the "Company")

 

Director Dealing and transaction in own shares

UniVision, the AIM listed Hong Kong based designer and installer of digital surveillance and integrated security systems, announces that Stephen Koo, Chairman of UniVision, has today purchased the 100,000 ordinary shares of HKD0.0625 each in the Company ("Ordinary Shares") bought by UniVision on 24 February 2012 at a price of 0.6 pence per Ordinary Share (the "Share Purchase").

 

These shares were originally purchased in the market by UniVision with the intention of being transferred into treasury by the Company, for redistribution to employees of UniVision as a bonus at some time in the future. The Directors are of the view that the costs of setting up and administering the treasury facility outweigh the benefits at the current time. It remains the intention of the Company to incentivise its employees through the redistribution of repurchased shares as a bonus however the Directors are currently exploring the most effective method of distributing shares to employees.

 

Following the Share Purchase, Mr Koo now has a total beneficial interest in 274,703,700 Ordinary Shares in the Company. Mr Koo's shares are held as follows:

 

 

Number of Ordinary Shares

% of total issued share capital

UniVision Holdings Limited

183,736,000

47.9

Up Sky Investments Limited

78,744,000

20.5

Stephen Koo

12,223,700

3.2

Total

274,703,700

71.6

 

UniVision Holdings Limited is wholly owned by Up Sky Investments Limited, which is in turn wholly owned by Mr Koo.

 

As the 100,000 shares are no longer going to be held in treasury the number of Ordinary Shares with voting rights remains at 383,677,323, being the same number of Ordinary Shares in issue. This figure may be used by shareholders in UniVision as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules.

 

-ends-

 

For further information visit www.uvel.com or contact:

 

UniVision Engineering Limited

+852 2389 3256

Stephen Koo, Chairman

Chun Hung Wong, CEO

Nicholas Lyth, Non-Executive Director

+44 (0) 7769 906 686

Allenby Capital Limited (Nominated Adviser/ Broker)

Nick Athanas/James Reeve

+44 (0) 203 328 5656

 

 

 

 

Notes to Editors:

 

About UniVision Engineering

UniVision was incorporated in Hong Kong in 1979 and is now established in Hong Kong, Macau and China. The Group designs, sources and sells its own brand-name products and OEM products including, Microprocessor CCTV Control Systems, Video Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access Systems.

 

UniVision currently offers hybrid security systems and has a portfolio of cutting edge digital technology used by its blue chip client base and the Hong Kong Government. UniVision is included in the Hong Kong Government's list of "Approved Suppliers and Installation of Video Electronics Equipment".

 

To date the Group has completed high profile projects for clients including Hong Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway, Shanghai Plaza 66 and Sydney CityRail Network selling its products through its distribution channels in China, Taiwan and other Asian countries.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSSIFWFFESELD
Date   Source Headline
14th Jan 20164:50 pmRNSAgreement to sell shares owned by S Koo
14th Dec 20154:09 pmRNSDirector/PDMR Shareholding
11th Dec 201511:03 amRNSHalf Yearly Report
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9th Oct 201510:11 amRNSResult of AGM
11th Sep 201511:44 amRNSFinal Results for the year ended 31 March 2015
10th Sep 20155:33 pmRNSFinal Results
2nd Jul 201511:45 amRNSUpdate on Distribution of shares in Leader Smart
2nd Jul 201511:43 amRNSChange of Registered Office
29th Jun 20152:21 pmRNSHolding in Company
3rd Jun 20159:28 amRNSCorporate Presentation
29th May 201510:42 amRNSDistribution of Shares
29th Apr 201512:30 pmRNSDemerger Update - Timetable
29th Apr 201512:30 pmRNSTrading Update
31st Mar 201512:53 pmRNSUpdate re: Demerger of Leader Smart Engineering
7th Jan 201511:09 amRNSDirector/PDMR Shareholding
19th Dec 201410:53 amRNSInterim Results
18th Dec 20147:00 amRNSContract with Mass Transit Railway
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2nd Dec 20149:41 amRNSProposed demerger of Leader Smart Engineering Ltd
23rd Oct 201411:49 amRNSUpdate on Arbitration Process
3rd Oct 201411:41 amRNSResult of Annual General Meeting
12th Sep 20147:00 amRNSUpdate on Zhongshan Shopping Mall
5th Sep 20143:02 pmRNSFinal Results
17th Jul 20147:00 amRNSChange of Adviser
23rd May 20144:00 pmRNSContract Win
28th Feb 20148:55 amRNSUpdate on Zhongshan Shopping Mall
20th Feb 20147:00 amRNSCancellation of Loan with Mayne Management Limited
20th Jan 201412:26 pmRNSExtension of loan terms with Mayne Management Ltd
3rd Jan 20149:23 amRNSDirectorate Change
18th Dec 20137:00 amRNSHalf Yearly Report
21st Oct 201311:11 amRNSResult of 2013 AGM
17th Sep 20137:00 amRNSFinal Results
23rd Aug 20139:42 amRNSUpdate on Zhongshan Shopping Mall
3rd Jul 20131:49 pmRNSUpdate on Arbitration Process
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14th May 20139:59 amRNSUpdate presentation to shareholders
8th Apr 201311:16 amRNSNew dividend policy, OTCBB listing, & new contract
7th Mar 201312:07 pmRNSUpdate on Zhongshan Shopping Mall
11th Feb 201310:51 amRNSDirector/PDMR Shareholding
29th Jan 20133:34 pmRNSExtension of Loan Terms
21st Dec 20127:00 amRNSUpdate on Sale Agreement
17th Dec 20127:00 amRNSHalf Yearly Report
25th Sep 201212:09 pmRNSDirectors Holdings
24th Sep 20127:00 amRNSAgreement Update
21st Sep 201211:45 amRNSResult of AGM
15th Aug 20124:00 pmRNSFinal Results
31st Jul 20124:04 pmRNSUNITED STATES SECURITIES AND EXCHANGE COMMISSION F
6th Jul 20127:00 amRNSChange of Adviser

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