TSCM Tescom Software

RNS Number:6238O
Tescom Software Systems Testing Ltd
25 February 2008

                      Tescom Software Systems Testing Ltd

                                (the "Company")

Proposed cancellation of AIM admission, notice of extraordinary general meeting
                             and directorate change

The Company announces that it is today posting a circular to shareholders, dated
25 February 2008, convening an extraordinary general meeting of the Company (the
"EGM") to be held at the Company's registered office, 54 Harei Yehuda Street,
Ganei Tikvah 55900, Israel, at 11.30 am (IST) on Monday, 17 March 2008 (the "
Circular") and recommending the cancellation of the admission of all of the
ordinary shares of NIS 0.01 each in the Company ("Ordinary Shares") to trading
on AIM, a market operated by the London Stock Exchange plc (the "Exchange") (the
"Cancellation").

The Company has separately notified the Exchange of its preferred date for the
Cancellation, being Thursday, 27 March 2008. The Cancellation is conditional
upon the approval of not less than 75 per cent. of the votes cast by
shareholders of the Company (whether present in person or by proxy) at the EGM.

In the Circular, the Chairman of the Company has stated that the reasons for the
directors of the Company recommending that shareholders approve the proposed
Cancellation are the ongoing expense of maintaining a listing on AIM and the
current inactive market on AIM in the Ordinary Shares.

As a result of the proposed Cancellation, Jonathan Gray, the Company's UK-based
non-executive director, has indicated that he intends to resign from the board
of directors of the Company on completion of the proposed Cancellation, which
should enable further cost-savings for the Company.

In accordance with Rule 41 of the AIM Rules for Companies, the Cancellation will
only take effect five clear business days after shareholder approval for the
Cancellation has been obtained and once a dealing notice has been issued by the
Exchange.  Accordingly, it is currently anticipated that the Cancellation will
occur with effect from Thursday, 27 March 2008.

The Ordinary Shares will continue to be traded on the Tel Aviv Stock Exchange.

A copy of the Circular is available on the Company's website at:
www.tescom-intl.com



Enquiries:


Leeat Peleg, Adv.
Tescom Software Systems Testing Ltd
Tel: +972 3 535 0990 ext 314


Tom Hulme
Landsbanki Securities (UK) Limited
Tel: +44 20 7426 9593




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

NOEPUUAAPUPRGMC

Tescom (LSE:TSCM)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Tescom (LSE:TSCM)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024