News Details

Issue of new Ordinary Shares

Application has today been made for 173,288 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.

164,628 of these new Ordinary Shares are being issued as part payment in relation to one of the Company's commercial contracts in accordance with its terms. The additional 8,660 new Ordinary Shares are being issued pursuant to an exercise of options.

The new Ordinary Shares rank pari passu with the Company's existing Ordinary Shares and admission is expected to become effective on 11 February 2008.

Following admission, the Company will have 37,423,954 Ordinary Shares in issue.