SIM Simigon Ltd.

TIDMSIM

RNS Number : 0612F

SimiGon Limited

17 March 2022

SimiGon Ltd.

("SimiGon" or the "Company")

Update related to Merger and Delisting schedule and the application for a restraining order with respect to the delisting

SimiGon Ltd. (LON: SIM) wishes to update its shareholders that Mr. Gal Erez has withdrawn his application for a restraining order concerning the Cancellation and Merger. The Lawsuit previously announced by the Company on February 21, 2022 and on February 24, 2022 remains in place. Additional information can be found on the Company's website at: https://www.simigon.com/ge-further-information

The Company is therefore proceeding towards consummation of the Merger and the Cancellation albeit there has been a procedural delay to the timetable as previously notified. The following is the anticipated revised timetable (all in London time) regarding the completion of the Merger and the Cancellation:

 
 Date                 Event 
 Friday, March 25,    Last time for dealings in SimiGon shares 
  2022 
                     ----------------------------------------------------------- 
 7:30am on Monday,    Trading in the Company's shares will be suspended 
  March 28, 2022       pending effectiveness of the Merger and disablement 
                       in CREST 
                     ----------------------------------------------------------- 
 During the course    The Merger becomes effective upon, and subject to, 
  of                   issuance of the merger certificate in accordance 
  Monday, March 28,    with the Companies Law. ([1]) 
  2022 
                     ----------------------------------------------------------- 
 6:00pm on Monday,    The Depositary Interests (DIs) will be cancelled, 
  March 28, 2022       and all DI holders will be registered as shareholders 
                       on the SimiGon share register. Settlement of transactions 
                       concluded prior to this date will be performed until 
                       close of business UK time on this date. Record date 
                       for entitlement to Merger Consideration. 
                     ----------------------------------------------------------- 
 7:00am on Tuesday,   Cancellation of admission to trading on AIM 
  March 29, 2022 
                     ----------------------------------------------------------- 
 

If any of the above dates change, the revised dates will be notified to Shareholders through a Regulatory Information Service announcement with the dates following the Meeting.

 
 Enquiries: 
   SimiGon Ltd 
    Ami Vizer, Chief Executive Officer and Executive    Tel: +1 (407) 951 
    Chairman                                            5548 
    Efi Manea, Chief Financial Officer 
    www.simigon.com 
   finnCap (NOMAD & Broker) 
    Henrik Persson / Milesh Hindocha (corporate         Tel: +44 (0) 20 7220 
    finance)                                            0500 
 

[1] The Companies Law requires at least 30 days following approval of the Merger at the Meeting before the effective date of the Merger.

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