Holding(s) in Company
November 26 2007 - 9:10AM
UK Regulatory
PILAT TECHNOLOGIES INTERNATIONAL LTD
HOLDINGS IN COMPANY
Pilat Technologies International Ltd ("PTI" or the "Company") was notified on
25 November 2007 that the conditional sale of shares, which now totals
6,105,685 shares, (the "Shares") by certain shareholders, as announced on 17
September 2007 received the approval of the Israeli anti-trust authorities on 7
November 2007 and will complete today.
The selling shareholders are as follows:
Selling Shares sold % of issued share Shares to be
shareholder capital retained
Avraham Engel 1,964,985 7.4 -
Rony Erlichman 1,706,602 6.4 200,000
Avigdor Rimmer 1,344,968 5.1 -
Beni Moneta 1,089,130 4.1 -
Total 6,105,685 23.0 200,000
The purchasers of the Shares (the "New Shareholders") are as follows:
New shareholder Shares purchased % of share capital
Nimrod Betzer 58,824 0.2
Autumn 209 Holding & 2,205,882 8.3
Sharing Ltd
SH Sky Investment (ADM) 3,840,979 14.5
L.P.
Total 6,105,685 23.0
PTI has been informed that the New Shareholders have entered into a
shareholders' agreement pursuant to which Sky Private Equity Fund, the General
Partner of SH Sky Investment (ADM) L.P., has control over the voting rights of
all of the Shares and therefore controls 23 per cent. of the issued share
capital of the Company.
Pilat Technologies International Ltd 00 972 3 767 9200
Chaim Helfgott, Corporate Secretary
Hanson Westhouse Limited 0113 246 2610
Tim Feather
Matthew Johnson
END
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