Capital/Financing Update • Jun 30, 2013
Capital/Financing Update
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PRESS RELEASE Airport City, Israel, June 30, 2013
UNITRONICS (1989) (R"G) LTD.
Airport City, Israel – June 30, 2013 - 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 3) published by the trustee for such Debentures.
Unitronics (1989) (R"G) Ltd. is an Israeli company that designs, develops, produces and markets Programmable Logic Controllers (PLCs), the computer 'brains' that enable control of automated production lines, storage systems and machines. Unitronics' products include controllers designed to enable bi-directional manmachine interaction through simple user-friendly interface (including integrated graphic operator interface), as well as products embedded with Internet and Intranet capabilities, intended for remote diagnostics and communications on the Internet and Ethernet/LAN levels, and GSM enabled PLC's designed to allow remote control and m-commerce solutions. Unitronics' international distribution network composes of approximately 140 distributors and sales representatives spanning Europe, America, Israel and the Far East, as well as most of the states of the USA, whose efforts are coordinated and supported through Unitronics' wholly owned US subsidiary, Unitronics, Inc.
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
(the "Company")
Essence of event: Annual Trustee report re: Company Debentures (Series 3)
Attached annual report on the affairs of the trustee, for holders of debentures (Series 3), Reznik Paz Nevo Trustees Ltd., for the period from 01.01.2012 until 31.12.2012
Respectfully,
Unitronics (1989) (R"G) Ltd.
June 26, 2013
| Company name: | Unitronics (1989) (RG) Ltd. |
|---|---|
| Series: | 3 |
| File No.: | 12061 |
| Series issuance date: | March 23, 2011 |
| Series termination date: | March 23, 2017 |
In the course of the year the company made interest payments in accordance with its undertaking in the trust deed. For further information, see the company's reports on the MAYA website of the Tel Aviv Stock Exchange.
There were no principal payments during this year.
The company reported via the MAGNA system its quarterly and annual financial statements as required of a publicly traded company.
The bonds are not rated by any rating agency.
There were no series expansions during this year.
There were no bondholder meetings during this year.
| 1. A deviation from the financial covenants will increase the interest rate by | |||
|---|---|---|---|
| 0.50%. 2. The company's own equity on its balance sheet may not be less | |||
| than NIS 20 million during two quarters. 3. The net financial debt to CAP ratio | |||
| may not exceed 80%. |
| Collateral at the | 1. The company undertook not to create a charge on |
|---|---|
| time of issuance: | its assets in favor of a third party, unless it creates an identical and parallel charge in favor of the holders. 2. Charge on bank account containing an amount equal to the annual interest payment. 3. Within seven days from the date of an interest payment the company will report the balance of the reserve for interest payments. |
| Type of certification | Received |
|---|---|
| CFO's report on compliance with the financial | All confirmations received. |
| ratios. | |
| CFO's report that no charges were created. | All confirmations received. |
| CFO's report on the balance in the reserve | All confirmations received. |
| account. | |
| CFO's declaration that no business operations | All confirmations received. |
| and/or assets of the company were sold that | |
| account more than 50% of its annual revenues. | |
| Chairman's certification of no breach. | All confirmations received. |
This report is not a substitute for perusal by the holder of the company's public reports, including perusal of the financial statements and the opinions of the independent auditors.
Sincerely yours, Resnik Paz Nevo Trusteeships Ltd.
14 Yad Harutzim St., Tel Aviv 6770007 Tel. 03-6389200, Fax 03-63897222 www.rpn.co.il
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