SimiGon Limited Appeal filed Against Court Ruling (4311R)
05 Novembre 2021 - 8:00AM
UK Regulatory
TIDMSIM
RNS Number : 4311R
SimiGon Limited
05 November 2021
04 November 2021
SimiGon Ltd
("SimiGon" or "the Company")
Appeal filed Against the Court Ruling in The Action for
Prerogative Relief and Related Legal Claim
SimiGon Ltd. (the "Company"), a global leader in providing
simulation solutions, announces that further to the court ruling in
relation to the legal action filed by D.D Goldstein Real Estates
and Investment Ltd. ("Goldstein") announced on June 15, 2021 in
relation to prerogative relief sought concerning resolutions
approved at the Company's annual general meeting held on December
30, 2019 regarding the appointment of directors and the
determination of their compensation announced on January 14, 2020
("Ruling"), the Company filed an appeal on October 4, 2021 against
the Ruling to the Supreme Court of Israel (the "Appeal").
On October 25, 2021, Goldstein filed a claim against the Company
in connection with the Appeal (the "Claim").
The Company is studying the Claim together with its legal
advisers and will respond accordingly to the court. The Company
continues not to foresee any potential financial penalties to the
Company even if the court was to decide that the claim has merit.
The Company has notified its insurers with respect to the Appeal
and the Claim.
Enquiries:
SimiGon Ltd
Ami Vizer, SimiGon's Chief Executive Officer
and Executive Chairman +1 (407) 951 5548
Efi Manea, Chief Financial Officer
finnCap (NOMAD & Broker) +44 (0) 20 7220 0500
Henrik Persson / Milesh Hindocha (Corporate
Finance)
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