Metis Capital Ltd.
Metis Capital Ltd.: Japanauto plans to purchase news area in Lod
Metis Capital Ltd. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Tel Aviv/ Israel; September 22, 2008 – Metis Capital Ltd. (Prime Standard: EIC; TASE: MTSC) announces that on September 18, 2008, the board of directors of Japanauto Israel Automobile Co. Ltd., a subsidiary under full control of Japanauto Holdings, which is a subsidiary jointly held by Metis Capital Ltd. and by Mirage Israel Development Ltd. at a rate of 50% each, passed a resolution for entering into an agreement with Mirage Israel Development Real Estates Ltd., a company controlled by Mirage Development, for purchasing an area under the ownership of Mirage Real Estates located in the Northern Industrial Zone in Lod. Japanauto Automobile has the intention of establishing in it the logistics center, as well as its offices. In exchange for the rights of Mirage Real Estates in the plot, Japanauto Automobile shall pay the amount of 30 million NIS plus VAT, upon signature of the formal agreement in question. The completion of the transaction shall be subject to the signature of a formal agreement and the approval by the board of directors of Metis Capital Ltd. Contact: Metis Capital Ltd. Ilan Engel, CFO Phone: +972-3-537 3000 E-mail: investor@metis-capital.com Janina Wismar Investor Relations Phone: +49-40-60918650 E-mail: janina.wismar@kirchhoff.de 22.09.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Metis Capital Ltd. 30 Hamasger Street 61090 Tel-Aviv Israel Phone: +972 (03) 537-3000 Fax: +972 (03) 537-4000 E-mail: investor@metis-capital.com Internet: www.metis-capital.com ISIN: IL0003570129 WKN: 936734 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
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