Report Publication Announcement • Jun 3, 2015
Report Publication Announcement
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PRESS RELEASE Airport City, Israel, June 3, 2015
UNITRONICS (1989) (R"G) LTD.
("Company")
Airport City, Israel – June 3, 2015 - Unitronics published the attached Immediate Report pursuant to the requirements of Israeli law, in connection with the publication of the Annual report regarding Company Debentures (series 5) published by the trustee for such Debentures.
Unitronics (1989) (R"G) Ltd. is an Israeli company that engages, through its Products Department, in the design, development, production, marketing and sale of industrial automation products, mainly Programmable Logic Controllers ("PLCs"). PLCs are computer-based electronic products (hardware and software), used in the command and control of machines performing automatic tasks, such as production systems and automatic systems for industrial storage, retrieval and logistics. The Company also engages, through its Systems Department and/or its subsidiaries, in the design, construction and maintenance services in the framework of projects for automation, computerization and integration of computerized production and/or logistics systems, mainly automated warehouses, automated distribution centers and automated parking facilities. The Company's PLCs are distributed by over one hundred and forty distributors (and a wholly owned US subsidiary) in approximately fifty countries throughout Europe, Asia, America and Africa. The services of the Systems Department are provided to customers in Israel and also outside Israel.
This press release contains certain forward-looking statements and information relating to the Company that are based on the beliefs of the Management of the Company as well as assumptions made by and information currently available to the Management of the Company. Such statements reflect the current views of the Company with respect to future events, the outcome of which is subject to certain risks and other factors which may be outside of the Company's control. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein as projected, anticipated, believed, estimated, expected or intended.
Attached annual report with respect to activities performed by the Trustee during the period commencing on September 10, 2014 and until the date of this report all in accordance with to the provisions of the Deed of Trust and the law.
Respectfully,
Unitronics (1989) (R"G) Ltd.
Tel Aviv, June 3, 2015
To:
Debenture Holders (Series 5) of Unitronics (1989) (R"G) Ltd. Dear Madam/Sir:
By virtue of its duty as the trustee of debentures (Series 5) issued by Unitronics (1989) (R"G) Ltd. ("the Company"), Hermetic Trust (1975) Ltd., (the "Trustee") is pleased to present the annual report with respect to activities performed by the Trustee during the period commencing on September 10, 2014 and until the date of this report ("Period of Report"), all in accordance with to the provisions of the Deed of Trust and the law.
The Deed of Trust was executed by the Company and the Trustee on September 10, 2014, nominated Hermetic Trust (1975) Ltd., as the trustee of the debenture holders (Series 5) (the "Deed of Trust").
As of the date of this report the total amount of the outstanding debentures is 40,000,000 NIS par value.
The debentures are not secured by any collateral.
The Company is obligated under the Deed of Trust to comply with financial covenants as set forth in Appendix 5 to the Deed of Trust and has undertaken not to create floating charges over all of its assets.
For details regarding payments of principal and interest please review the debenture conditions overleaf including the appendices to the Deed of Trust and the Company's reports and details on the MAYA website of the Tel Aviv Stock Exchange Ltd.
During the Period of Report the Trustee has not been informed of: (1) Significant breaches of the Deed of Trust; (2) Non-compliance with significant obligation of the Company; (3) Other extraordinary event in connection with the debentures or the Deed of Trust.
This Report is not a substitute for reviewing the public reports and notifications of the Company and its financial statements and the auditors' report.
The debentures are not rated by any rating company.
During the period of the Report the Company has not distributed dividends to the shareholders.
For further details please review the Company's public reports and notifications on the MAGNA system of the Securities Authority on the Maya website of the Tel Aviv Stock Exchange Ltd
The Company submitted all certificates required under the Deed of Trust and as requested by the Trustee.
Yours sincerely, Hermetic Trust (1975) Ltd.
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