Further Update Re Director Share Transfer

RNS Number : 7789N

UniVision Engineering Ltd

28 October 2016

 

28 October 2016

UniVision Engineering Limited

("UniVision" or the "Company")

Further Update Re Director Share Transfer

UniVision (AIM; UVEL), the Hong Kong based group whose principal activities are the supply, design, installation and maintenance of closed circuit television and surveillance systems, and the sale of security related products, announces that further to its announcement made on 8 September 2016 regarding the director share transfer, the Company applied to the Hong Kong Securities and Futures Commission for a ruling whether the Company will indeed be subject to the Hong Kong Code on Takeovers and Mergers and Share Repurchases. The Company has received a letter from Hong Kong Securities and Futures Commission on 28 October 2016 confirmed that the Company will not be regarded as "a public company in Hong Kong" within the meaning of Section 4.1 of the Introduction to the Codes on Takeovers and Mergers and Share Buy-backs (the "Codes") and as such the Codes on Takeovers and Mergers and Share repurchases does not apply to the Company.

The Board will consider whether to include Takeover provision in its Articles of Association in due course.

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

UniVision Engineering Limited	Tel: [phone]
Stephen Koo, Chairman Chun Pan Wong, Chief Executive Officer Danny Kwok Fai Yip, Finance Director	www.uvel.com
Nicholas Lyth, Non-Executive Director	[phone]
ZAI Corporate Finance Limited (Nominated Adviser and Broker)	Tel: [phone]
Dugald J. Carlean /Tim Cofman /Songdi Lin	www.zaicf.com

 

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