Elsight Limited (ASX: ELS) (‘Elsight Ltd, ‘Elsight’ or ‘the Company’),
Corporate update
advanced communication technologies for real-time data, video, and audio transmission over cellular
an ASX-listed company that develops
networks in mission-critical environments, wishes to update the market on an important development
related to the current rights issue announced on 16 November 2020.
The Company wishes to announce that founder and major shareholder, Mr Nir **ay has applied to invest
approximately A$1.35m, in the rights issue.
Mr **ay resigned as CEO in October for personal reasons, but remains an important member of the
Elsight family as an advisor and major shareholder. The fact that Mr **ay has applied for this quantum of
shares and wishes to maintain his shareholding is very positive for the Company and is a strong reflection
on the positive outlook for the Company as it begins to demonstrate commercial traction for Halo in a
number of exciting vertical markets.
Ann: Corporate update, page-2
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