MTT Metal-Tech

 

TIDMMTT 
 
RNS Number : 0978K 
Metal-Tech Ltd 
13 April 2010 
 

13 April 2010 
 
                                Metal-Tech Ltd. 
                        ('Metal-Tech' or 'the Company') 
 
                    Result of Extraordinary General Meeting 
 
The Board of Metal-Tech announces that, at the Extraordinary General Meeting of 
the Company held earlier today, all resolutions were duly passed. 
 
As a result of these resolutions being passed, Mr. Ronen Magen has been 
appointed as a director of the Company while Mr. David Gilboa and Mr. Modi 
Ashkenazy have been appointed as external directors of Metal-Tech. 
 
Mr. Ronen Magen 
 
Mr. Magen, 34, has been employed by the Company since 2003 and was recently 
appointed as deputy chief executive officer. Previously, Mr. Magen held a 
management position in the Company (2008-2009). Prior to that, Mr. Magen held 
the positions of Company Secretary (2005-2008) and a project manager 
(2003-2005). 
 
Mr. Magen holds or has held the following directorships or been a partner in the 
following partnerships within five years prior to this appointment: 
 
+----------------------------------+----------------------------+ 
| Current                          | Previous                   | 
| directorships/partnerships       | directorships/partnerships | 
+----------------------------------+----------------------------+ 
| Spingo                           | None                       | 
+----------------------------------+----------------------------+ 
 
Mr. David Gilboa 
 
Mr. Gilboa, 42, is currently the vice president of operations and legal advisor 
of Yesodot Tzur Ltd, a company specialising in real estate development in 
Israel. Previously, Mr. Gilboa held several positions as an investment banker 
and legal advisor in Menorah-Gaon Capital Markets Ltd (2001-2003), as the chief 
operating officer of Identisoft Inc and as an attorney at his own law firm 
(1995-2000). Mr. Gilboa holds an LL.B from the College of Management, Israel and 
is an approved mediator by Gishurim A. D. R. Ltd. 
 
Mr. Gilboa holds or has held the following directorships or been a partner in 
the following partnerships within five years prior to this appointment: 
 
+-------------------------------+-------------------------------+ 
| Current                       | Previous                      | 
| directorships/partnerships    | directorships/partnerships    | 
+-------------------------------+-------------------------------+ 
| None                          | Yesodot Tzur Beit Shemesh     | 
|                               | Ltd.                          | 
+-------------------------------+-------------------------------+ 
 
Mr. Modi Ashkenazy 
 
Mr. Ashkenazy, 39, has 15 years of experience in international corporate finance 
transactions including mergers and acquisitions, financial restructuring and 
venture capital fundraising. Mr. Ashkenazy operates a consultancy business via 
his wholly-owned company, 90 Holdings Ltd., which advises foreign governments in 
respect of foreign direct investments originated from Israel in those countries. 
From 2005 to June 2006 Mr. Ashkenazy served as the CFO of the Company. 
Previously Mr. Ashkenazy worked for PricewaterhouseCoopers between 1995 and 
1997.  Mr. Ashkenazy wrote a weekly column in a leading financial newspaper in 
Israel (Globes) about European markets.  Mr. Ashkenazy holds a BA (cum laude) in 
economics and accounting and an MBA from the GSBA of Recanati, Tel Aviv 
University. 
 
Mr. Ashkenazy holds or has held the following directorships or been a partner in 
the following partnerships within five years prior to this appointment: 
 
+----------------------------------+----------------------------+ 
| Current                          | Previous                   | 
| directorships/partnerships       | directorships/partnerships | 
+----------------------------------+----------------------------+ 
| 90 Holdings Ltd.                 | Metal-Tech Ltd.            | 
| Manby Ltd.                       | Press Sense Ltd.           | 
| Summit Fund Investments          |                            | 
| Management Ltd.                  |                            | 
|                                  |                            | 
+----------------------------------+----------------------------+ 
 
There are no further disclosures to be made in accordance with Schedule 2(g) of 
the AIM Rules. 
 
Enquiries: 
 
+-------------------------------+-------------------------------+ 
| Metal-Tech Ltd.               | +972 544 215454               | 
+-------------------------------+-------------------------------+ 
| Ariel (Aik) Rosenberg,        |                               | 
| Chairman                      |                               | 
+-------------------------------+-------------------------------+ 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| Panmure Gordon                | +44 20 7459 3600              | 
+-------------------------------+-------------------------------+ 
| Edward Farmer, Stuart         |                               | 
| Gledhill                      |                               | 
+-------------------------------+-------------------------------+ 
|                               |                               | 
+-------------------------------+-------------------------------+ 
| Corfin Communications         | +44 20 7977 0020              | 
+-------------------------------+-------------------------------+ 
| Harry Chathli, Alexis Gore    |                               | 
+-------------------------------+-------------------------------+ 
|                               |                               | 
+-------------------------------+-------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGMMGMDGFGGGZM 
 

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