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Camtek Ltd. — Capital/Financing Update 2006
Jun 21, 2006
6712_rns_2006-06-21_b1b7b301-df7d-4054-baed-8a7b050da52a.pdf
Capital/Financing Update
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Camtek
INTELLIGENT IMAGING
Camtek Ltd.
P.O.Box 544, Ramat Gabriel Industrial Park
Migdal Ha'Emek 23150, ISRAEL
Tel: +972 (4) 604-8100 Fax: +972 (4) 644-0523
E-Mail: [email protected] Web site: http://www.camtek.co.il
June 21, 2006
Priortech sells Camtek shares to Israeli Institutional Investors
MIGDAL HA'EMEK, Israel, June 21, 2006- Camtek Ltd. (Nasdaq: CAMT, TASE: CAMT) announced that its major shareholder, Priortech, sold 2,440,000 Camtek ordinary shares to a number of Israeli institutional investors at a price of $6.13 per share, the closing price on Nasdaq on Friday, June 16. Priortech also granted to the investors options for four years, for an additional 1,220,000 shares at an exercise price of $7.05 per share.
The sale has decreased Priortech's holdings in Camtek to 63% of the issued share capital. On a fully diluted basis, assuming the full exercise of all convertible securities, Priortech's holdings decrease to 47% of the share capital of Camtek.
Ronit Dulberg, CFO of Camtek said, "The sale of Priortech's shares increases the public-float and should improve the liquidity of Camtek's shares. We see the broader public ownership of Camtek's shares as a positive development for all shareholders."
Ms. Dulberg concluded, "The Israeli institutions that purchased shares are all long-term focused investors that see significant future potential in Camtek. Over the last few quarters we have seen very strong growth in our revenues and profitability. We see the purchase of our shares as another vote of confidence in our business and our performance by the capital markets. I would like to take this opportunity to welcome these institutional investors as our shareholders."
ABOUT CAMTEK LTD.
With headquarters in Migdal Ha'Emek Israel, Camtek Ltd., designs, develops, manufactures, and markets automatic optical inspection systems and related products. Camtek's automatic inspection systems are used to enhance both production processes and yield for manufacturers in the printed circuit board industry, the high density interconnect substrate industry and the semiconductor manufacturing and packaging industry. This press release is available at www.camtek.co.il.
This press release may contain projections or other forward-looking statements regarding future events or the future performance of the Company. These statements are only predictions and may change as time passes. We do not assume any obligation to update that information. Actual events or results may differ materially from those projected, including as a result of changing industry and market trends, reduced demand for our products, the timely development of our new products and their adoption by the market, increased competition in the industry, price reductions as well as due to risks identified in the documents filed by the Company with the SEC.
CONTACT INFORMATION
CAMTEK: Ronit Dulberg, CFO Tel: +972-4-604-8308 Fax: +972-4-604 8300 Mobile: +972-54-905-0776 [email protected]
IR/PR ISRAEL Financial Communication Noam Yellin Tel: +972 3 6954333 Fax: +972 544 246720
IR INTERNATIONAL Ehud Helft / Kenny Green GK International Investor Relations Tel: (US) 1 866 704 6710 [email protected] [email protected]