The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Tender Offer for Willi-Food Investments Ltd. accepted

28 Apr 2014 07:00

EMBLAZE LTD - Tender Offer for Willi-Food Investments Ltd. accepted

EMBLAZE LTD - Tender Offer for Willi-Food Investments Ltd. accepted

PR Newswire

London, April 27

Emblaze Ltd (LSE:BLZ) ("Emblaze" or "the Company") Tender Offer for Willi-Food Investments Ltd. accepted Tel Aviv, Israel, 28 April 2014 Capitalised terms will have the meanings ascribed to them in the Company'sannouncements of 3 March, 2014 and 7 April, 2014. Further to the Company's announcement of 7 April, 2014, the Company announcesthat as at 14:00 (Israeli time) on 27 April 2014 (being the last time and datefor acceptance of the terms of the Special Tender Offer), acceptances inrespect of the Special Tender Offer were received from Willi-Food InvestmentsLtd ("WFI") shareholders holding 6,550,698 shares in WFI (of which, 1,930,353were shares held by shareholders who are deemed to be interested parties forthe purposes of said Special Tender Offer under Israeli law). The number of acceptances exceeds the number of shares in WFI to which theSpecial Tender Offer relates (658,685) and, having also been accepted by amajority of those WFI shareholders to which the Special Tender Offer wasaddressed, the Company confirms that the Special Tender Offer has becomeunconditional. Under Israeli law, those WFI shareholders who have not tendered their shares inWFI pursuant to the Special tender Offer during the acceptance period whichexpired yesterday, as well as shareholders who have previously rejected saidSpecial Tender Offer, have the right to tender their shares in WFI pursuant tothe Special Tender Offer during an additional four (4) day acceptance period,which expires at 14:00 (Israeli time) on 1 May 2014. Further to the Company's announcement of 3 March, 2014, the Company nowexpects to make a further purchase from the Sellers of their remaining sharesin WFI, such that the Sellers will have sold, in aggregate, approximately 58%of the shares of WFI (or approximately 55% on a fully diluted basis),comprising their entire holding of shares in WFI). Enquiries: Eyal Merdler, CFO: Eyal.Merdler@emblaze.com The Emblaze Group has been traded on the London Stock Exchange (LSE: BLZ) since1996.

www.emblaze.com

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.