Electronics Line 3000 Ltd.
Electronics Line 3000 Ltd.: RISCO Ltd. proposes merger to Electronics Line 3000 Ltd.
Electronics Line 3000 Ltd. / Key word(s): Strategic Company Decision/Squeeze Out 21.05.2015 16:41 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Electronics Line 3000 Ltd.: RISCO Ltd. proposes merger to Electronics Line 3000 Ltd. Rishon LeZion, Israel (21 May 2015) - Electronics Line 3000 Ltd. (the "Company") was approached by RISCO Ltd. ("RISCO"), its controlling shareholder, with a proposal to consider a merger between the Company and a fully owned subsidiary of RISCO (the "Subsidiary"). Today RISCO presented to the Company its proposal as to the major terms of such merger (the "Proposed Merger"). The Proposed Merger contemplates the purchase by RISCO of all of the Company's issued and outstanding share capital held by the public for a cash consideration of 0.46 Euro per share, as a result of which the Subsidiary would be merged with and into the Company and the Company would become a wholly owned subsidiary of RISCO and its controlling shareholders. The Audit Committee of the Company and the Board of Directors of the Company approved today the proposed terms of the merger and resolved to submit the merger agreement to the shareholders general meeting for voting. The Proposed Merger is subject, among other things, to obtaining all of the requisite approvals, including the approval of the Company's shareholders' meeting by a majority of shareholders who participate and vote at the meeting who are not holders of control in the Company or have a personal interest in the approval of the proposal. The Company will summon a general meeting of shareholders in the coming weeks. At this stage, there is no assurance that the Proposed Merger will be approved and finalized. Israel, Rishon LeZion, 21 May 2015 Contact: For more information please contact: Investor Relations Sari Ellenberg investor.relations@electronics-line.com --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About Electronics Line (EL): EL is a pioneer in next-generation security solutions for the residential and small commercial markets. The Company designs and produces cutting-edge solutions for security and control of living and working environments. The EL line provides comprehensive security protection, as well as sophisticated system and home management functionality, for optimal comfort, safety and peace of mind. This new industry standard is further upgraded with enhanced remote management capabilities that give homeowners instant access to their system from anywhere in the world. Upgrading Everyday Security EL solutions enable new levels of control and maintenance in protected sites through the ELAS, a proprietary remote management server. The Company enjoys a unique market position in supplying ELAS-governed systems for the home and workplace, which provide the multiple benefits of a virtual security presence, convenient home automation, and energy efficiency, all customized by the end-user and/or the service provider. EL's wireless solutions offer enhanced detection and PSTN/IP/GSM/GPRS-based event reporting, along with advanced remote management tools. The back-office support and customized branding of EL solutions provide superior security with significant business benefits and market expansion potential. Global Partnerships Nearly three decades of cutting-edge leadership have earned EL a solid market position, allowing users worldwide to benefit from EL's ongoing development of upgraded security solutions. The Company maintains long-term partnerships worldwide. EL has made emerging technology, user-friendly design and exceptional quality the benchmarks for serving its international network of clients and partners. Drawing on a tradition of pioneering expertise, EL specialists also provide security integration consultancy, installation service, training and technological support. EL was established in 1982 and is headquartered in Israel. The Company is publicly traded on the Frankfurt Stock Exchange (ELN) and is part of the RISCO Group, an established leader in the international security market. Disclaimer: This release contains forward-looking statements, which express the current beliefs and expectations of management. Such statements involve a number of known and unknown risks and uncertainties that could cause the Company's future results, performance or achievements to differ significantly from those expressed or implied by such forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report and its other filings and releases. Forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. 21.05.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Electronics Line 3000 Ltd. 14 Hachoma St. 75655 Rishon LeZion Israel Phone: 00972 3 9181333 Fax: 00972 3 9616 584 E-mail: investor.relations@electronics-line.com Internet: www.electronics-line.com ISIN: IL0010905052 WKN: A0B5R7 Indices: DAXsector All Technology, DAXsector Technology, DAXsubsector All Communications Technology, DAXsubsector Communications Technology , Prime All Share, Technology All Share Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden