News Details

Issue of New Ordinary Shares

Application has been made today for 374,240 ordinary shares of 0.01 NIS each in the Company ("Ordinary Shares") to be admitted to trading on the AIM market of the London Stock Exchange.

The new Ordinary Shares are being issued to the Company's bank as part of the loan agreement terms with respect to a one million Dollar loan.

The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and admission is expected to become effective on 3 December 2008.

Following admission, the Company will have 37,804,194 Ordinary Shares in issue.