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SimiGon Limited - Notice of Claim

RNS Number : 8077Z
SimiGon Limited
15 January 2020
 

 

15 January 2020

 

 

SimiGon Ltd

 

("SimiGon" or "the Company")

 

Notice of Claim

 

SimiGon LTD. (the "Company"), a global leader in providing simulation solutions, announces that it has learned that D.D Goldstein Real Estates and Investment Ltd., which to the Company's knowledge acquired 1,500,000 shares in the Company during 2019, has filed two legal actions in the Tel Aviv District Court - a petition for leave to file a monetary claim concerning salaries on behalf of the Company and an action for prerogative relief concerning resolutions approved at the Company's annual general meeting held on December 30, 2019 regarding the appointment of directors and the determination of their compensation.

The Company will study the materials relating to the claims and intends to vigorously defend against them. The Company has notified its insurers with respect to allegations against directors.

Upon initial review of the claims, we do not foresee any potential financial penalties to the Company even if the court was to decide that these claims have merit.

 

Enquiries: 

 

SimiGon Ltd

Ami Vizer, Chief Executive Officer and Executive Chairman

Efi Manea, Chief Financial Officer

www.simigon.com

 

 

Tel: +1 (407) 951 5548

finnCap (NOMAD & Broker)

Scott Mathieson / Matthew Radley (corporate finance)

 

Tel: +44 (0) 20 7220 0500






 


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Quick facts: Simigon

Price: 6.25

Market: AIM
Market Cap: £3.18 m
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