VideoLogic has today announced that it proposes to raise approximately £4.8 million, net of expenses, by the issue of 6,938,920 VideoLogic new Ordinary Shares of 10p each ("new Ordinary Shares") at 70p per share in a placing by SBC Warburg (the "Placing"). The new Ordinary Shares will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares.