Sale of the Company Successfully Completed

 

TIDMDTK 
 
RNS Number : 8100P 
Dmatek Ld 
31 March 2009 
 

 
 
 
 
Dmatek Ltd. 
 
 
('Dmatek' or the 'Company') 
 
 
 Sale of the Company to an Investor Group Led by Francisco Partners is now 
Successfully Completed 
 
 
31 March, 2009, Tel Aviv, Israel - Dmatek (LSE: DTK), a leading global provider 
of remote people monitoring technologies, today announces that all conditions to 
the Merger of an investment vehicle controlled by a investor group led by 
Francisco Partners with and into Dmatek, have been satisfied and, accordingly, 
the Merger has  successfully completed. A merger certificate has been issued 
today by the Israeli Companies' Registrar and Dmatek shares will be cancelled in 
due course. 
 
 
Yoav Chelouche, Chairman of the Board of Dmatek, said, "I am very pleased to see 
this transaction through. I believe it presented our shareholders a well-timed 
opportunity to cash in on their investment at a very good value. I remain 
excited about the potential growth opportunities in Dmatek's markets, and trust 
that the company will continue to thrive and steer towards realising its full 
potential." 
 
 
Yoav Reisman, Dmatek's Chief executive Officer stated: "I wish to thank our 
investors, larger and small, who stood by the Company, and have been important 
stakeholders and allies, many of them for considerable time periods." 
 
 
Shareholders of record today, the Merger's Effective Time, will in due course be 
mailed certain forms and declarations together with instructions for their use, 
and they will be entitled to claim their share of the Cash Consideration from 
the Paying Agent by completing such forms and returning them to the Paying Agent 
together with their share certificates or other evidence of ownership, as 
directed. Holders of uncertificated depositary interests will not have share 
certificates, and will accordingly not be required to surrender share 
certificates in order to claim their share of the Cash Consideration. Their 
holdings were transferred from the register of depositary interest holders to 
the register of shareholders after close of business on Friday, 27 March 2009. 
 
 
About Dmatek Ltd 
Dmatek is a leading provider of remote people monitoring technologies. Current 
applications of the company's technology solutions are marketed by Dmatek's 
wholly owned subsidiaries - Elmo-Tech Ltd., and Pro-Tec Inc. which address the 
global law enforcement and corrections industry and HomeFree Systems, which 
operates in the emerging elderly monitoring market. Dmatek's systems are used by 
private operators and government agencies in over 25 countries worldwide. For 
more information, visit www.dmatek.com. 
 
 
About Francisco Partners 
With nearly $5.0 billion of committed capital and offices in San Francisco and 
London, Francisco Partners is one of the world's largest technology-focused 
private equity funds. The firm was founded to pursue structured investments in 
technology companies undergoing strategic, technological, and operational 
inflection points. Francisco Partners targets majority and minority investments 
in private companies, public companies, and divisions of public companies, with 
transaction values ranging from $30 million to $2.0 billion. The principals of 
Francisco Partners have a proven track record, having invested in excess of $3.0 
billion of equity capital in over 50 technology companies. For additional 
information, visit www.franciscopartners.com. 
 
 
Capitalised terms used in this announcement have the same meanings ascribed to 
them in the Circular dated 21 January 2009. 
 
 
Enquiries 
 
 
Dmatek Ltd. 
Idit Mormobile: 07834 126 742 ; [phone] 
[e-mail] 
 
 
BDO Stoy Hayward Corporate Finance 
Michael Cobb    [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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