TEL AVIV, Israel, March 22, 2022 /PRNewswire/ -- The Capri Family
Foundation ("Capri") announced today the results of its tender
offer to purchase 941,942 ordinary shares of Optibase Ltd.
("Optibase")(Nasdaq and TASE: OBAS), for $12.64 per share. The tender offer, which
commenced on February 15, 2022,
expired at 10:00 a.m., New York time (5:00
p.m. Israel time), on
March 22, 2022.
Capri was advised by the depositaries for the offer that, as of
the expiration date of the tender offer, a total of 768,905
Optibase shares had been validly tendered, and not withdrawn,
pursuant to the offer. The number of shares tendered and not
validly withdrawn pursuant to the offer satisfied the minimum
condition of the offer and all other conditions to the offer were
satisfied or waived. Capri has accepted all shares tendered and not
validly withdrawn pursuant to offer and promptly will pay for those
shares.
As a consequence of the completion of the offer, under the
Israeli Companies Law, Capri automatically thereby also acquired
all of the Optibase shares, not already held by the members of its
bidder group, that were not tendered into the offer, and became
obligated to pay to those holders the offer price, $12.64, without interest and subject to
withholding tax. Capri will mail a form of letter of transmittal to
former holders who did not tender in the offer, which those holders
may use to direct its payment to them.
Capri and the members of its bidder group are now the sole
owners of Optibase shares. The Optibase shares will be delisted and
will cease to trade on Nasdaq and the Tel Aviv Stock Exchange.
Capri intends to take steps to cause the termination of the
registration of the shares under, and suspend all of Optibase's
reporting obligations under, the U.S. Securities Exchange Act, as
promptly as practicable.
Previously filed information concerning Optibase remains
available at no charge on the website of the U.S. Securities and
Exchange Commission at http://www.sec.gov and on the website of the
Israeli Securities Authority at http://www.magna.isa.gov.il.
Forward-Looking Statements: This press release may
contain forward-looking statements. The accuracy of such statements
is subject to a number of risks, uncertainties and assumptions that
may cause actual results to differ materially from those projected,
including, but not limited to, the effect of general economic
conditions and political events. These statements are based on
information available at the time of the press release and Capri
undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events
or otherwise (except as required by law).
About Capri: Capri is a foundation organized under the
laws of the Republic of Panama.
The Information Agent for the offer is:
D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, NY 10005
(800) 829-6554
(212) 269-5550 (banks and brokers)
optibase@dfking.com
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SOURCE Capri Family Foundation