Result of Equity Issue

Vislink PLC 09 February 2005 9 February 2005 Vislink Plc ('Vislink' or the 'Company') Result of Placing and Open Offer On 14 January 2005, Vislink announced the proposed acquisition of Link Research Limited and a proposed Placing and Open Offer of 20,414,569 New Ordinary Shares at 22.75 pence per share on the basis of 1 Open Offer Share for every 5 Existing Ordinary Shares. The Company announces that valid acceptances have been received in respect of 45,244,635 Open Offer Shares representing a total of approximately 222 per cent. of those available under the Open Offer. Of the 45,244,635 Open Offer Shares, 15,080,996 were applied for by Qualifying Shareholders under their Open Offer Entitlement. Those Qualifying Shareholders who applied for in excess of their Open Offer Entitlement will be scaled back and allocations will be made pro-rata to the number excess Open Offer Shares applied for. 19,496,569 of the Open Offer Shares were placed with institutional and other investors, subject to recall to satisfy valid applications under the Open Offer. Following the number of valid acceptances received from Qualifying Shareholders under the Open Offer, no Open Offer Shares will be subscribed for by placees procured by Investec. Aggregate acceptances in respect of 918,000 Open Offer Shares have been received from Robert Morton, Ian Scott-Gall, James Trumper, Timothy Trotter and Anthony Finizio, all directors of the Company, in accordance with their irrevocable undertakings to take up their entitlement. The Placing and Open Offer remains conditional, inter alia, upon the resolutions to be put to the extraordinary general meeting due to be held at 11.00 am today being passed and admission of the New Ordinary Shares to listing on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's and the Irish Stock Exchange's respective market for listed securities. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 am on 11 February 2005. Vislink expects to announce later today the result of the extraordinary general meeting due to be held at 11.00 am today. Terms defined in the prospectus dated 14 January 2005 have the same meaning in this announcement, save where the context otherwise requires. Enquiries Vislink plc Tel: 01488 685500 Ian Scott-Gall, Chief Executive James Trumper, Finance Director Investec Investment Banking Tel: 020 7597 5970 Patrick Robb, Director of Corporate Broking Michael Ansell Investec Investment Banking, a division of Investec Bank (UK) Limited, which is authorised and regulated by the Financial Services Authority and is a member of the London Stock Exchange, is acting exclusively for Vislink in connection with the Proposals and is not acting for any person other than Vislink and will not be responsible to any person other than Vislink for providing the protections afforded to its customers or for providing advice on the transactions and arrangements proposed in this announcement. Davy, which is regulated in Ireland by the Irish Financial Services Regulatory Authority is acting exclusively for Vislink in connection with the Proposals and is not acting for any person other than Vislink and will not be responsible to any person other than Vislink for providing the protections afforded to its customers or for providing advice on the transactions and arrangements proposed in this announcement. END This information is provided by RNS The company news service from the London Stock Exchange
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