News & Media
AGM Board Appointment and Maiden Dividend
Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and manufacturer of electronic security systems (alarms) and home management systems, is pleased to announce that at the Group’s AGM held earlier today all the Resolutions were passed; these included the appointment of Ms. Bat-Sheva Levy to the Board of Visonic, as a non-executive director and the payment of a maiden Final Dividend of £0.01 (gross) per Ordinary share, details of which were announced on 20 March 2007 to be paid on 25 June 2007 to shareholders on the register on 25 May 2007.
The following resolutions were passed on a show of hands:
That:
(i) the proposed amendments to each of the 2003 Global Stock Option Plan, the 2003 Israeli Share Option Plan and the 2003 US Stock Option Plan (together the “Plans”), as set out in appendix 1 to the notice of meeting of the Company dated 26 April 2007, be and are hereby approved; and
(ii) the directors or any duly appointed committee of the board of directors of the Company be and are hereby authorised to do all such acts and things as may be necessary or expedient to carry out the amendments referred to above, including making such modifications to the rules of the Plans as may be necessary to ensure compliance with any statutory, fiscal or securities regulations as may apply to the Plans or any of them or any participant therein.
