Completion of sale of Hernis

RNS Number : 7464Y

Vislink PLC

30 December 2010

 



Vislink plc                                                                                                                             

Sale of Hernis Scan Systems AS and trading update

30 December 2010

Vislink completes the sale of Hernis Scan Systems AS

The Company has today completed the sale of Hernis Scan Systems AS, following receipt of regulatory clearances and the requisite shareholder approval from shareholders.  Vislink announced the proposed sale of the entire issued share capital of Hernis Scan Systems AS on 19 November 2010 and circular was sent to Shareholders on 8 December 2010. Shareholders gave their approval to the sale at a General Meeting that was held on 29 December 2010.

Trading update

Following recent trading statements, the Company expects that revenues for the financial year ending 31 December 2010 will be approximately £68.0 million.

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For further information, please contact:

Duncan Lewis, Chief Executive                                                          [phone]

James Trumper, Group Finance Director                                          [phone]

Charlie Jack, Hudson Sandler                                                            [phone]                                                          

About Vislink plc

Vislink plc is a global technology business specialising in secure communications and services for the news & entertainment and law enforcement & public safety markets. The Company has three international business units serving these markets with manufacturing operations in the UK and the USA.

The Company's strategic focus is the design, manufacture, sale, installation and maintenance of wireless, video and IP technologies together with the supporting management systems. Vislink products include microwave radio, satellite transmission and wireless camera systems.

Headquartered in the UK with operations in the USA, Dubai, South Africa and Singapore the Company employs over 250 people worldwide. The Company is fully listed on the London Stock Exchange (LSE:VLK).

For further information, please visit www.vislink.com.

 

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