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Unitronics Major Shareholding Notification 2016
7101_mrq_2016-07-26_e1a22d66-514a-49c4-aed0-b5f6d491598a.pdf
Major Shareholding Notification
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PRESS RELEASE Airport City, Israel
UNITRONICS (1989) (R"G) LTD.
UNITRONICS (1989)(R"G) Ltd. [EURONEXT, TASE]
Press Release Regulated Information Tel Aviv, 26 July 2016
Publication of a transparency notification (Article 14, first paragraph of the Law of 2 May 2007 on disclosure of major holdings)
1. Summary of the notification
The following report is being filed further to the consummation on May 18, 2016 of that certain transaction under which Fimi Funds purchased from Unitronics and Mr. Shani an aggregate of 6,875,000 of Unitronics ordinary shares, constituting 64.10% of the voting rights in the Company1 .
2. Content of the notification
The notification dated July 21, 2016 contains the following information:
Reason for notification:
Acquisition or disposal of voting securities or voting rights
Notification by
A person that notifies alone
Persons subject to the notification requirement
Unitronics 1989 (R''G) Ltd
Transaction Date
18/05/2016
Threshold that is crossed
10%
Denominator2
15,428,504
1 As instructed by the FSMA, the percentages of Fimi Funds' and Mr. Shani's voting rights indicated above, are calculated on the basis of an issued and outstanding share capital of Unitronics of 15,428,504 ordinary shares, which include 1,676,192 ordinary shares of Unitronics held by Unitronics itself; Such shares held by Unitronics itself are defined under Israeli Law as 'Dormant Shares' which, under Israeli Law do not grant the Unitornics any rights whatsoever including no voting nor equity rights; Accordingly, in Israel, the percentages of Fimi Funds' and Mr. Shani's voting rights are calculated disregarding such Dormant Shares, i.e. in Israel, Fimi Funds is reported as holding 49.99%, Haim Shani is reported as holding 21.92% and jointly they are reported as holding 71.91% of the Unitronics voting rights. See comment 1 above.
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PRESS RELEASE Airport City, Israel
UNITRONICS (1989) (R"G) LTD.
Notified Details
| A) Voting rights | Previous notification | After the transaction | |||
|---|---|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights 3 | |||
| Holders of voting rights | Linked to securities | Not linked to the securities |
Linked to securities | Not linked to the securities |
|
| Unitronics 1989 (R"G) Ltd | 1,476,116 | 1,676,192 | 10.86% | ||
| TOTAL | 1,676,192 | 0 | 10.86% | 0.00% |
| B) Equivalent financial instruments | After the transaction | ||||||
|---|---|---|---|---|---|---|---|
| Holders of equivalent financial instruments | Type of financial instrument | Expiration date | Exercise period or date |
# of voting rights that may be acquired if the instrument is exercised |
% of voting rights |
||
| TOTAL | (in relation to all expiration dates) |
0 | 0.00% |
| TOTAL (Voting rights & Equivalent financial instruments) | # of voting rights | % of voting rights | |
|---|---|---|---|
| CALCULATE | 1,676,192 | 10.86% |
<sup>3 See comment 1 above.
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PRESS RELEASE Airport City, Israel
UNITRONICS (1989) (R"G) LTD.
Chain of controlled undertakings through which the holding is effectively held Unitronics 1989 (R''G) Ltd is not controlled4
3. Miscellaneous
- This information will also be posted on www.unitronics.com/investors.
- Contact persons:
Hilit Bar Sorya, in-house legal counsel, [email protected], +972-3-9778844;
Avi Peleg, comptroller, [email protected], +972-3-9778844
About Unitronics
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 sixty distributors (and a wholly owned US subsidiary) in approximately sixty countries throughout Europe, Asia, America and Africa. The services of the Systems Department are provided to customers in Israel and also outside Israel.
4 Such statement is being made upon the FMSA's instructions (who informed Unitronics that Belgian law does not refer to 'control' when an agreement to act in concert is concluded). Under Israeli law, Fimi Funds and Mr. Haim Shani, are deemed joint controlling shareholders of Unitronics by virtue of their holding (collectively), of a majority of the voting rights in Unitronics and being party to an agreement to act in concert in connection with nomination of members of Unitronics' board of directors and certain other matters.