SimiGon Limited - Directorate Changes

RNS Number : 4681H
SimiGon Limited
01 August 2019

SimiGon Ltd

("SimiGon", the "Company" or the "Group")


Directorate Changes


SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation and training solutions, announces that after more than 14 years as Non-Executive Chairman of SimiGon, Alistair Rae has today stepped down from the Board of Directors. Mr Rae has been replaced by Simon Bentley who has assumed the role of Senior Independent Non-Executive Director with immediate effect. Alongside these directorate changes the Company's Chief Executive Officer, Ami Vizer, has taken on the additional role of Executive Chairman. 


Mr Bentley has considerable experience at board level of UK listed public companies and has held a wide variety of executive and non-executive roles during the course of his career. Mr Bentley is currently Executive Chairman of Dominion ATM Banking Systems Ltd, trading as Cash on the Move, a UK mobile cash operator and a Non-Executive Director of Premier Foods plc. Among previous appointments, Mr Bentley was Chairman and Chief Executive of Blacks Leisure Group plc from 1987 to 2002, Deputy Chairman of law firm Mishcon de Reya from 2002 to 2009 and Senior Independent Non-Executive Director of Sports Direct International plc from 2007 to 2018. Mr Bentley is a certified FCA, having previously been a senior partner at Landau Morley LLP.


In addition to the Board changes detailed above, the Company expects to announce a further senior executive management appointment in the near future.


Ami Vizer, SimiGon's Chief Executive Officer and Executive Chairman said: "I am delighted to welcome Simon to the board as Senior Independent Non-Executive Director and I am confident that his considerable experience and knowledge will be of great benefit to the Company. In addition, I would like to thank Alistair for his significant contribution to the Company over the last 14 years and we wish him well in the future."




SimiGon Ltd


Ami Vizer, Chief Executive Officer

+1 (407) 951 5548      

Efi Manea, Chief Financial Officer




finnCap (NOMAD & Broker)

+44 (0) 20 7220 0500

Scott Mathieson / Matthew Radley (corporate finance)



The following information regarding Simon Anthony Bentley (aged 64) is disclosed under Schedule 2(g) of the AIM Rules for Companies:


Current Directorships

Directorships held in the past 5 years

Ben Uri Gallery and Museum Limited

Bramford Road Development Limited

Cash on the Move (Europe) Limited

Dunlop International Pension Scheme Trustees Limited

Cash on the Move Limited

M + S Partnership Limited

Dominion ATM Banking Systems Ltd

Sports Direct International plc

Kensington Design and Refurbishment Limited

U G Properties Limited

Kensington Estates Limited

Umberto Giannini Hair Cosmetics Ltd

Nivovia a.s.


Regents Park Estates Limited


Terry De Havilland Couture Ltd.


Torre Nueva Investment Limited


Voletime Limited


West End Properties PLC


Yad Vashem UK Foundation


Zuke Ski Limited


Zuke Trading Limited



As at the date of this announcement, Simon Bentley is not beneficially interested in any Ordinary Shares in the Company.


About SimiGon

SimiGon (AIM: SIM) is a leading developer and supplier of distributed simulation solutions for defence and civilian applications. SimiGon is the creator of SIMbox, a leading PC-based platform for creating, managing and deploying simulation-based content across multiple domains. Through its off the-shelf training solutions for demanding high-skill occupations, SimiGon provides diverse organizations with faster and more cost-effective training. SimiGon's growing client base includes blue-chip training and simulation systems providers as well as air forces and commercial airlines worldwide. Founded in 1998, SimiGon maintains offices in Israel and the United States.


This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Quick facts: Simigon

Price: 6.25

Market: AIM
Market Cap: £3.18 m

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...