Metis Capital Ltd.
Metis Capital Ltd.: Metis acquires further shares in Petro Group
Metis Capital Ltd. / Mergers & Acquisitions 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; February 17, 2009 – Further to the reports of Metis Capital Ltd. (Prime Standard: EIC; TASE: MTSC) dated 17.11.08, 11.12.08, 04.01.09 and 02.02.09 the Company announces that at a licitation conducted on February 16th, 2009, the Company's offer to acquire Petro's shares from the official receiver was declared as the winning bid. The Company's winning bid stands at a value of about 5.1977 NIS per Petro share, and it is higher by about 64% than the closing rate of said share at the Exchange as indicated on February 16th, 2009 (about 3.162 NIS per share). Said offer reflects for Petro a company value of 83 million NIS. The total of the shares to be acquired from the official receiver account for about 48.48% of Petro's issued and paid-up shares, and together with the Company's existing holdings in the Petro shares (about 24.95%), the Company shall hold a proportionate share of about 73.44% in the shares of Petro. The completion of the acquisition of the shares from the official receiver is subject to the approval of the Court. Petro is a public company, whose shares are traded at the Tel Aviv Stock Exchange, and pursuant to Regulation 36 (A1) of the Securities Regulations, the Company refers to the periodic report published by Petro for the year 2007, to the quarterly statements it published, as well as to its remaining reports. 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 17.02.2009 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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