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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Eltek Ltd | NASDAQ:ELTK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.69 | 7.24 | 12.46 | 0 | 09:35:01 |
Eltek Ltd.
(Registrant)
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By:
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/s/ Amnon Shemer | ||
Amnon Shemer | |||
Vice President, Finance and
Chief Financial Officer
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Press Release
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· |
The loan will bear interest of Prime+ 1.35%. Since Nistec obtained a loan from a commercial bank for a repayment on behalf of Eltek, should Eltek fail to repay the loan and accrued interest on the due date, the interest shall be increased to the interest determined by the bank with respect to the underlying loan received by Nistec.
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· |
The loan will be repaid by April 30, 2019
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However, Eltek has the option to extend the term of the loan until March 31, 2020 in the event that its Audit Committee determines that such extension is required for the Company's orderly operations.
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· |
In the event of an equity investment in the Company, Nistec may demand immediate repayment of the loan, provided that such repayment will be used only for a conversion of the loan into the Company’s ordinary shares.
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· |
Nistec may demand immediate repayment of the loan upon the occurrence of certain customary events of default or in the event of a change of control.
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· |
The loan (or any part thereof) may be repaid at any time at the Company’s discretion.
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Eli Yaffe
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Amnon Shemer
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Chief Executive Officer
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Chief Financial Officer
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eliy@nisteceltek.com
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amnons@nisteceltek.com
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+972-3-9395023
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+972-3-9395023
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1 Year Eltek Chart |
1 Month Eltek Chart |
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