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Unitronics — Regulatory Filings 2014
Feb 23, 2014
7101_rns_2014-02-23_a113dc2f-ee7a-4c11-a03b-5da4d0aaa06f.pdf
Regulatory Filings
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UNITRONICS (1989) (R"G) LTD.
PRESS RELEASE Airport City, Israel February 23rd , 2014
***Regulated Information*** ***For Immediate Release***
An Immediate Report on an Event or Matter Outside the Ordinary Corporate Business Regulation 36(A) of Securities Regulations (Periodic and Immediate Reports), 1970 Re: Approval of Agreement for the sale of property
Airport City, Israel – February 23rd, 2014– Unitronics published the attached Immediate Report pursuant to the requirements of Israeli law, in concerning with the Approval of Agreement for the sale of property
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 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.
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Unitronics (1989) (R"G) Ltd. (the "Company")
Re: Approval of Agreement for the sale of property
Pursuant to Regulation 36(A) of Securities Regulations (Periodic and Immediate Reports), 1970
Further to the Company's report dated February 23, 2014 (reference No. 2014-01- 044935) concerning an agreement with a third party unrelated to the Company or to the interested parties therein (hereinafter "the Agreement" and "the Buyer", respectively) for the sale of the Company's rights in a real estate property covering 11,000 square meters, in the Hevel Modiin – Tirat Yehuda Industrial Zone and the plans held by the Company in connection with the planning of the said property (hereinafter – "the Property" and the "Plans" respectively), the Company hereby announces that on February 23, 2014, the Company's Board of Directors, approved the Agreement and the Suspensive Condition has been met.
Sincerely,
Unitronics (1989) (R"G) Ltd.