VGT Vigilant

RNS Number:2881T
Vigilant Technology
29 April 2008

VIGILANT TECHNOLOGY LIMITED ("Vigilant" or the "Company")

Placing of 6,783,936 new Ordinary Shares of NIS 0.01 each (the "Placing Shares")
at 3 pence per share (the "Placing")

Vigilant, a leader in design and manufacturing of intelligent video solutions
for the high end CCTV security and surveillance markets, is pleased to announce
a successful share placing raising approximately #200,000 (the "Placing") before
expenses by way of the issue of 6,783,936  ordinary shares of NIS 0.01 (the "
Placing Shares").

6,783,936 Placing Shares have been placed by the Company at 3p per share with
Syntek Capital AG ("Syntek"). The net proceeds of the Placing will be used to
provide additional working capital for the Company. The Placing Shares represent
approximately 10.7 per cent of the issued share capital of the Company as
enlarged by the Placing.

Before the Placing, Syntek was interested in 8,991,064 Ordinary Shares of NIS
0.01 each ("Ordinary Shares"). As a result of the Placing, Syntek is now
interested in 15,775,000 Ordinary Shares, representing approximately 24.9 per
cent of the total shares in issue after the Placing.  The issue of the Placing
Shares to Syntek is a related party transaction under the AIM Rules. The Board,
having consulted with the Company's Nominated Adviser, considers that the terms
of this transaction are fair and reasonable insofar as the shareholders are
concerned.

The Placing Shares rank pari passu in all respects with the existing Ordinary
Shares, including the right to receive all dividends and other distributions
hereafter declared, made or paid.

Application has been made for the Placing Shares to be admitted to trading on
the AIM Market of the London Stock Exchange ("AIM"). It is expected that
dealings in the Placing Shares will commence on AIM on 2 May 2008.

Sir Trevor Chinn, Chairman, commented: "We have continued to grow our market
presence in our existing markets, and have made great progress in breaking into
new markets. This funding will provide additional working capital to fund
further marketing and sales achievements."

For further information, please contact:

Vigilant Technology Limited
+972 3 6491110
Moshit Yaffe-Blushinsky, CEO

Shore Capital - Nominated Adviser to the Company
020 7408 4090
Graham Shore
Dru Danford



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

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