ZONE-IP LTD.                                  

                                  (LSE: ZIP)                                   

                          ("ZONE-IP" OR THE COMPANY")                          

                                                                               

                         RESULT OF SPECIAL GENERAL MEETING
                                       AND
                         CANCELLATION OF ADMISSION TO AIM

                                                                               

 

Ra'anana, Israel, 17 June 2009: ZONE-IP announces that at the special general 
meeting of the Company held earlier today, the special resolution to cancel the 
admission of its shares to trading on the AIM Market was duly passed. The votes 
cast in favour of the resolution amounted to 46,742,063 and against 20,000.  
Accordingly, the Company expects that cancellation will become effective at 
7.00 a.m. on 24 June 2009.

 

Shareholders should note that following cancellation, the Company intends to
terminate the Depository Agreement entered into between the Company and the
Depository (the Issuer of Depository Interests), Capita IRG Trustees Limited
("Capita") on 3 May 2005 (the "Depository Agreement"). Such termination shall
take effect on 2 August 2009. Upon termination of the Depository Agreement, the
Depository Interest facility maintained by Capita will be disabled and a share
certificate will be despatched to each of the Depository Interests holders.

 

Shareholders that wish to receive a share certificate before the date of expiry
of the Depository Interests in CREST should arrange to submit a stock
withdrawal request without delay and in accordance with established CREST
procedures.  From cancellation of trading on AIM until termination of the
Depository Agreement, the Depository Interest holders will have to effect any
transactions in the Company's shares off-market at a price to be agreed between
the relevant parties and settle in CREST. Following termination of the
Depository Agreement, a transaction will be affected through the surrender of
the original share certificate(s) or such other evidence of title as the
Company's Board of Directors (the "Board") may reasonably require from time to
time. Once a transaction is agreed, either before or after termination of the
Depository Agreement the relevant parties should contact Capita at The
Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU, England to affect the
transfer or send to the aforementioned address a completed Stock Transfer Form
(which will be accompanied, following termination of the Depository Agreement,
by the original share certificate(s) or such other evidence of title as the
Board may reasonably require). A Stock Transfer Form may be downloaded from
Capita's website as follows:

http://www.capitaregistrars.com/shareholders/information/

 

The Company also announces that all the remaining resolutions, which remain
conditional upon the cancellation of trading on AIM, were duly passed. 

 

Enquiries:

Zone-IP Ltd.                                  
                                              
Hagit Gal                     +972 9 7699339  
                                              
                                              
                                              
John East & Partners Limited                  
                                              
David Worlidge, Virginia Bull +44 20 7628 2200