News Details

Exercise of Options

The Company announces that, further to the exercise of options by senior management and employees, application has been made for 2,193,929 new ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission").

A total of 1,832,756 Ordinary Shares relate to options exercised by Mr. Ami Vizer and Mr. Efraim Manea (both directors of the Company). Mr. Ami Vizer and Mr. Efraim Manea resulting beneficial interest is 10,065,456 and 284,346 Ordinary Shares; respectively, representing 20.34 per cent. and 0.57 per cent. of the total issued share capital of the Company.

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares, including ranking for the dividend declared on 28 April 2014 and Admission is expected to become effective on 7 May 2014. Following this issue of new Ordinary Shares, the Company has 49,486,635 Ordinary Shares in issue and holds none in treasury. Accordingly, the total number of voting rights in the Company is 49,486,635.

View complete announcement on London Stock Exchange Website