VSC Visonic

 
TIDMVSC 
 
FOR IMMEDIATE RELEASE: on 2 March 2010 
 
 
 
                                    Visonic 
 
 
 
  Notice to Shareholders on the UK Branch Register ("UK Shareholders") before 
                                   Delisting 
 
 
 
Visonic (LSE: VSC.L; TASE: VSC.TA) ("Visonic" or the "Company"), the 
international developer and manufacturer of electronic security systems 
(alarms) and home management systems, announces that, following certain queries 
from UK Shareholders with regards to the Company's ordinary shares ("Shares") 
following Delisting in the UK, expected to occur on 5 March 2010, the Company, 
based on the information it has received, would like to clarify as follows: 
 
 
 
In order to be able to trade Visonic Shares on the Tel-Aviv Stock Exchange 
("TASE") in Israel there is a requirement to establish an Israeli account 
("Israeli Broker Account") with an Israeli broker or bank which is a member of 
the TASE. 
 
In relation to Shares held on the UK Branch Register, maintained by 
Computershare Investor Services PLC ("Computershare"): 
 
 a. if you are Israeli and already have an account with an Israeli bank or 
    broker, you should contact your bank or broker in order to register your 
    Shares on the TASE, 
 b. Shareholders whose shares are held by Computershare ("UK Shareholders") who 
    have an account with a bank or broker which has a custodian or a broker in 
    Israel may not need to open an Israeli Broker Account, but may ask their 
    bank to transfer their Shares to an Israeli custodian, and 
 c. UK Shareholders may choose the TASE member firm with whom they  wish to 
    register their Shares in Israel (unless their bank has a custodian or a 
    broker in Israel as set out in (b) above). 
 
UK Shareholders wishing to transfer their Shares to an Israeli Broker Account 
should note that, as previously announced, the Company has arranged for the 
services of Clal Finance Batucha Investment Management Limited ("Clal"), one of 
the largest financial institutions in Israel, to be made available. Details for 
Clal may be found on the Company's web-site at: http://www.visonic.com/ 
news-media, and are also set out below: 
 
Clal Finance Batucha Investment Management Ltd. 
Mrs. Mirit Amar 
Rubinshtein House, 3rd fl. 
37, Menahem Begin Road 
Tel-Aviv 65220 Israel 
Tel: 972-3-7616488 
e-mail: Mirita@clal-cfb.co.il 
 
UK Shareholders may contact the representative of Clal, Mrs. Mirit Amar, to 
receive information regarding the account opening process, together with the 
relevant documentation. 
 
In order to transfer your Shares to Israel, and once you have opened an Israeli 
Broker Account, you should contact your Israeli broker, whether Clal or another 
member of the TASE, or contact a bank (as detailed above), and Computershare. 
 
 
 
For the purpose of a share removal from Computershare, you may contact either: 
 
 
 
John Gorski 
 
john.gorski@computershare.co.uk 
 
T +44 (0)117 305 1075 
 
F +44 (0)870 889 3120 
 
 
 
or - 
 
 
 
George Czekalski 
 
george.czekalski@computershare.co.uk 
 
T +44 (0)870 703 6149 M +44 (0)7900 891 662 
 
F +44 (0)870 703 6116 
 
 
 
For holders of Visonic Depository Interests, it is recommended that such 
transfers should be arranged, if required, before the Visonic CREST Facility is 
terminated. 
 
 
 
The Company has arranged for the UK Branch Register to remain open until around 
22 April 2010, allowing UK Shareholders additional time to open an Israeli 
Broker Account (if required) or to contact their bank or broker, if it has a 
custodian in Israel, in order to request transfer of their Shares from 
Computershare to Israel. Furthermore, the termination of Visonic CREST facility 
is now expected to occur on or around 22 April 2010. 
 
In cases where a UK Shareholder decides not to open an Israeli Broker Account 
or not to transfer their Shares until after the closure date of the Visonic 
CREST Facility, they will be issued with a share certificate by Computershare, 
and details of such holdings will be maintained by the Company. If such 
Shareholders wish, at a later date, to trade in Visonic Shares then an Israeli 
Broker Account must be opened or they should contact a local bank which has a 
custodian in Israel, as stated above, to arrange the transfer of their Shares 
to a TASE member firm. 
 
As long as UK Shareholders do not open an Israeli Broker Account and retain a 
share certificate, the Company's notifications in Hebrew will be sent to their 
registered addresses according to the details which will be held by the 
Company. In addition, all dividend payments, if distributed and paid by the 
Company, will be remitted directly by cheque in Israeli Shekels. 
 
The clarifications stated in this announcement will not alter shareholders' 
rights in any way. 
 
Terms defined in this announcement shall have the same meaning as in the 
Circular to Shareholders dated 11 January 2010, unless otherwise stated. 
 
                                    - END - 
 
 
 
For further information please contact: 
 
 
 
Visonic Limited 
 
Avi Barir (President & CEO)          Tel: + 972 3 645 6797 
 
Yair Naaman (CFO)                    www.visonic.com 
 
Adi Enav (Investor Relations)        Address: P.O.B. 13132, Tel-Aviv 69710, 
                                     Israel 
 
 
 
HudsonSandler 
 
Alistair Mackinnon-Musson/ Nathan    Tel: + 44 (0)20 7796 4133 
Field 
 
                                     visonic@hspr.com 
 
Arbuthnot Securities 
 
Richard Johnson / Edward Gay         + 44 (0)20 7012 2000 
 
 
 
 
 
 
END 
 

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