Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

SerVision plc (SEV)

  Print      Mail a friend       Annual reports

Tuesday 13 February, 2018

SerVision plc

Trading update

RNS Number : 7397E
SerVision plc
13 February 2018

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). 



13 February 2018

SerVision plc

("SerVision" or the "Company")


Trading update



SerVision plc, the AIM quoted developer and manufacturer of digital security systems, today provides an update on trading and the Company's financial position following the conclusion of the financial year ended 31 December 2017.


Revenues for the year to 31 December 2017 were up strongly on 2016, with the Company experiencing quarter on quarter sales growth through the year. Trading in the fourth quarter of 2017 showed a marked improvement on recent years and it is the first time since 2014 that sales in the second half of the year have been higher than in the first half.


The current order book of the Group currently stands at US$700,000 plus a signed agreement for an additional US$350,000. These orders include new business with Cardtronics, a leading ATM service provider, and Aggregate Industries, a manufacturer and supplier of heavy construction materials. Going forward, the Company is working to leverage new and ongoing pilots with Mobileye distributors in Japan, South Africa, Chile and Argentina, as well as recent opportunities resulting from a strategic cooperation with Gurtam, an industry leader in telematics software that has just completed integration with SerVision's IVG.


Whilst the Company's performance for 2017 has been encouraging, there is still a long way to go to achieve the sales target of c$6.5 million that is needed for the Company to trade at break-even.  The cumulative losses of the last three years have been largely funded by increased borrowings and, as at 31 January 2018, the Company's net loans from banking institutions and others amounted to approximately $3.7 million, including Yorkville and CSS Alpha (BVI) Ltd who, as at the date of this announcement, are owed a total of US$0.9 million.  With no additional debt facilities that can be used, the Company is required to raise further finance in the near term or face having to convert some of the existing debt into equity.


The Company has access to the SEDA facility with Yorkville but recognises the potential dilutive effect could be significant and the intention remains that the Company does not utilise the SEDA facility.  Instead, the Company continues to seek new investors who share its vision of the future.  As such the Company is currently in discussions with a potential new investor who is considering taking a significant equity stake in the business.  Ahead of this investor completing its due diligence over the next couple of months, it has also indicated a willingness to lend SerVision between US$0.3 million and US$0.6 million to help the Company relieve some of the immediate funding pressure.


At this stage no guarantee can be given on the loan being secured by the Company nor to the terms of such loan funding. Nor can there be any assurances on any future refinancing of the Company being successful nor any guarantee, inter alia, on the quantum, terms, structure or timing of such funding being forthcoming.


Further updates will be provided by the Company at the appropriate time.





For further information:



SerVision plc

+972 2535 0000

Gidon Tahan, Chairman and CEO


Allenby Capital Limited (Nominated Adviser and Broker)

+44 (0)20 3328 5656

Nick Athanas / John Depasquale



Leander PR (Financial PR)

Christian Taylor-Wilkinson

+44 (0)7795 168 157




Notes to Editors


SerVision is a pioneer in the field of security communications technology and a leading developer and manufacturer of fully integrated video recording and transmission systems for homeland security and transportation applications. The Company's core technology is proprietary video compression which is optimised for streaming real-time video over any type of cellular or narrowband network.





This information is provided by RNS
The company news service from the London Stock Exchange

a d v e r t i s e m e n t