Cancellation of Admission and Listing Application


 
TIDMCVA 
 
Cancellation of Admission and Listing Application 
 
    MOUNTAIN VIEW, Calif., March 8, 2012 -- CEVA, Inc. (the "Company") 
Application for cancellation of admission and listing -- At a meeting 
of the Board of Directors of the Company (the "Board") held on 31 
January 2012, the Board approved a resolution proposing to cancel the 
standard listing of the Company's common stock of US$0.001 (the "Common 
Stock") from the Official List and which are traded on the main market 
of the London Stock Exchange. 
 
    Consequently, the Board intends to request that the UK Listing 
Authority cancel the listing of Common Shares of the Company from the 
Official List and cancel the admission to trading of the Common Shares 
on the main market of the London Stock Exchange (the "Cancellation"). 
 
    It is anticipated that the Cancellation will take effect from 5 
April 2012. 
 
    Reasons for the proposed Cancellation 
    The Board believes that the Cancellation is in the best interests 
of the Company for the reasons set out below: 
 
 
    - The Company currently expects to have material cost savings in 
      relation to the external costs it currently incurs as a listed 
      company on the Official List. In particular, the Company expects 
      to be able to reduce, or in some cases eliminate, its 
      professional fees, London Stock Exchange annual fees and charges, 
      and general costs associated with UK public company 
      announcements, mailings and shareholder services. 
    - Generally, the Company will be subject to a lighter regulatory 
      burden thereby increasing its flexibility and reducing management 
      time devoted to compliance matters. 
    - In practical terms, as the Company is also listed on NASDAQ which 
      is the Company's main trading platform, the continued listing of 
      the Company on the Official List does not afford the Company any 
      advantage in terms of additional sources of funding relative to 
      the ongoing cost of maintaining the listing on the Official List. 
 
    Cancellation 
    Listing Rule 5.2.8 allows a company with a standard listing which 
wishes to cancel the listing of its shares to do so by way of 
notifying, via a RIS, such cancellation at least 20 business days 
before the intended cancellation date. 
 
SOURCE CEVA, Inc. 
 
    CONTACT: Yaniv Arieli, CFO, +1-650-417-7941, yaniv.arieli@ceva- 
dsp.com, or Richard Kingston, Director of Marketing & Investor 
Relations, +1-650-417-7976, richard.kingston@ceva-dsp.com, both of 
CEVA, Inc. 
 
 
 
 
 
 
 
END

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