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PIA Pilat Tech.

4.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pilat Tech. LSE:PIA London Ordinary Share IL0010819832 ORD ILS0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Holding(s) in Company

26/11/2007 2:10pm

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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