Further Update on Proposed Disposal

RNS Number : 2725U

Vislink PLC

16 January 2017

 

Vislink plc

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

Further Update on Proposed Disposal

Further to the Company's earlier announcement today, Vislink announces that it has entered into a deed of variation with xG Technology, Inc., which allows for the revision of the specific terms of the transaction. The Company confirms that the Company's lawyers are in receipt of funds in relation to the initial consideration of the Proposed Disposal.

The revised terms of the Proposed Disposal are conditional on approval by shareholders of the Company under Rule 15 of the AIM Rules for Companies. Consequently, a circular containing a notice of general meeting will be posted to shareholders in due course.

All capitalised terms in this announcement are as defined in the Circular which is available on the Company's website www.vislinkplc.com.  

For further information please contact:

Robin Howe, Senior Independent Non-Executive Director	[phone]
Vislink plc
Shaun Dobson / James White N+1 Singer (Nomad and Broker)	[phone]
Charlie Jack / Bertie Berger Hudson Sandler	[phone]

 

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