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TAT Technologies Ltd. — Capital/Financing Update 2007
Feb 21, 2007
7072_rns_2007-02-21_0b82024d-4b4f-43e2-a757-d4e72f86f646.pdf
Capital/Financing Update
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TAT TECHNOLOGIES LTD.
P.O.BOX 80, GEDERA 70750 ISRAEL
AT THE COMPANY
Mr. Israel Ofen Executive Vice-President and Chief Financial Officer 011-972-8-859-5411
FOR IMMEDIATE RELEASE
February 21, 2007
FIMI Exercise their Warrants
GEDERA, Israel, February 21, 2007 TAT Technologies Limited (NASDAQ: TATTF) reported today that TA-TOP Limited Partnership (FIMI) exercised their 500,000 warrants in the Company, according to equity investment agreement dated August 10, 2004.
The total outstanding shares of the Company now are 6,542,671 shares.
The exercise price was $6.94 per share derived from a base price of $8.50 and by application of deductions of paid dividends.
TAT Technologies Ltd. together with its subsidiaries is principally engaged in the manufacture, repair and overhaul of heat transfer equipment, such as heat exchangers, precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems, electronic equipment and other applications. In addition the Company repairs and overhauls aircraft accessories and systems such as APU's, landing gear, propellers, pumps and valves.
For further information, please contact:
Mr. Israel Ofen Executive Vice-President and Chief Financial Officer TAT Technologies Ltd. +972-8-859-5411