UniVision Engineering Ltd Response to Share Price Movement (2407F)

TIDMUVEL

RNS Number : 2407F

UniVision Engineering Ltd

06 July 2023

6 July 2023

UniVision Engineering Limited

("UniVision" or the "Company" or the "Group")

Response to Share Price Movement

UniVision (AIM: UVEL), the Hong Kong based Group whose principal activities are the supply, design, installation and maintenance of closed-circuit television and surveillance systems, and the sale of security related products, announces that other than its recent restoration of trading on AIM after the publication of its Half Year Report on 19 June 2023, the Group is not aware of any material commercial or operational reason for the significant increase in its share price.

As announced in the Half Year Report, the Company remains in negotiations with potential investors who are looking to make a substantial investment in the Company. The Board believes that with the support of these potential investors, the Company will be able to strengthen its financial and technical position to allow the business to replace the lost contract and grow the business in the future.

Further announcements in respect of this will be made as appropriate.

*ENDS*

For further information visit www.uvel.com or contact:

 
 UniVision Engineering Limited         Tel: +852 2389 3256 
 Stephen Koo, Executive Chairman       www.uvel.com 
 Peter Yip Tak Chan, Chief Executive 
  Officer 
 SPARK Advisory Partners Limited       Tel: +44 (0)20 3368 
  (Nominated Adviser)                   3550 
 Mark Brady / Neil Baldwin             www.sparkadvisorypartners.com 
 
 SI Capital Limited                    Tel: +44 (0)1483 413500 
  (Broker)                              www.sicapital.co.uk

Nick Emerson

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END

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July 06, 2023 09:36 ET (13:36 GMT)

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