Emblaze Ltd (LSE:BLZ)
("Emblaze" or "the Company")
BGI Investments (1961) Ltd. Cash Offer
Herzeliya, Israel, 29 January, 2014
Cash Offer
Capitalised terms will have the meanings ascribed to them in the circular (the
"Circular") published on 24 December, 2013 and sent to holders of Shares and
Depositary Interests on 30 December 2013 setting out the terms of the Offer.
Further to the Company's announcements of 24 December, 2013, 13 January, 2014,
16 January, 2014 and 24 January, 2014, BGI has informed the Company that as at
1.00pm on 28 January, 2014 (being the last time and date for receipt of Forms
of Acceptance, TTE Instructions from Depositary Interest Holders and Tax
Declaration Forms following the expiry of the Additional Acceptance Period), a
total of 44,513,267 Emblaze Shares from non-Interested Parties and 57,487
Emblaze Shares from Interested Parties have been tendered in connection with
the Offer, which in in aggregate amounts to 44,570,754 Emblaze Shares
representing approximately 40.52% of the Existing Issued Share Capital.
Prior to the expiration of the Offer Period, the Extended Group held (or held
options in relation to) approximately 43,016,965 shares of the Company,
representing approximately 39.1% of the Existing Issued Share Capital. Pursuant
to the Offer, BGI purchases an additional 5,499,513 shares of the Company,
representing 5% of the Existing Issued Share Capital, and the Extended Group
will hold (or will hold options in relation to) approximately 48,516,478 shares
of the Company, representing approximately 44.1% of the Existing Issued Share
Capital.
Chabad 770 is now entitled to exercise the call options granted to it in
relation to the BGI Option Shares and it is expected that following such
exercise, the Extended Group will hold 48,516,478 shares of the Company,
representing approximately 44.1% of the Existing Issued Share Capital.
Shareholders and Depositary Interest Holders who tendered Ordinary Shares as
part of the Offer will be treated in accordance with the terms set out in the
Circular and the timetable set out below as regards the payment for their
Emblaze Shares and/or return of their Shares or Depositary Interests
Cheques despatched for Emblaze Shares by 11 February, 2014
purchased pursuant to the Tender Offer and
payment through CREST for Depositary Interests
purchased pursuant to the Tender Offer
CREST accounts credited for revised holdings by 11 February, 2014
of Depositary Interests; and
TFE instructions to be made in CREST for the by 11 February, 2014
return of Depositary Interests where a vote
against the Offer has been made
Despatch of balance share certificates for by 11 February, 2014
unsold Emblaze Shares
Enquiries:
Hagit Gal, Emblaze hagit.gal@emblaze.com
The Emblaze Group has been traded on the London Stock Exchange (LSE: BLZ) since
1996.
www.emblaze.com