For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are Emblaze Ltd.
attached:ii
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
An acquisition or disposal of qualifying financial instruments which may result
in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to
qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the Israel 18 B.V. (formerly known as Chabad 770
notification obligation:iii B.V.)
Israel 18 B.V.
4. Full name of shareholder(s) BGI Investments (1961) Ltd.;
(if different from 3.):iv
B.G. Alpha Ltd.; and
Fortissimo Capital Management Ltd.
5. Date of the transaction and date on
which the threshold is crossed or 20 February, 2014
reached: v
6. Date on which issuer notified: 23 February, 2014
7. Threshold(s) that is/are crossed or 30%
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type Situation previous Resulting situation after the triggering transaction
of to the triggering
shares transaction
if possible Number Number Number Number of voting % of voting rights
using of of of shares rights x
the ISIN Shares Voting
CODE Rights
Direct Direct xi Indirect xii Direct Indirect
IL0010830219 1,750,000 1,750,000 5,092,233 5,092,233 33,057,203 4.63%
30.05%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting
financial date xiii Conversion Period xiv rights that may be rights
instrument acquired if the
instrument is
exercised/ converted.
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi
Resulting situation after the triggering transaction
Type of Exercise price Expiration Exercise/ Number of voting rights % of voting
financial date xvii Conversion instrument refers to rights xix, xx
instrument period
xviii
Nominal Delta
Total (A+B+C)
Number of voting rights Percentage of voting rights
38,149,436 34.68%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Israel 18 B.V. (formerly known as Chabad 770 B.V.) ("Israel 18") directly holds
5,092,233 ordinary shares of Emblaze Ltd. (the "Company") which represents
4.63% of the total number of the Company's voting rights.
BGI Investments (1961) Ltd. ("BGI"), a directly owned subsidiary of Israel 18,
holds 12,117,043 ordinary shares of Emblaze Ltd., which represents 11.01% of
the total number of the Company's voting rights. In addition, BGI holds, though
B.G. Alpha Ltd. ("BGA"), an indirectly wholly owned subsidiary of BGI, a
further 15,398,636 ordinary shares of the Company, which represents 14.00% of
the total number of the Company's voting rights.
In addition, Israel 18 holds a proxy to vote all the shares held by Fortissimo
Capital Management Ltd., being 5,541,524 Ordinary Shares ("Fortissimo") until
August 14, 2015.
In aggregate, Israel 18, BGI and BGA hold 32,607,912 ordinary shares of the
Company, which, when added to the proxy voting rights held by Israel 18 in
respect of Fortissimo's shares, represents 34.68% of the total number of the
Company's voting rights.
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
Information with respect to voting rights and thresholds
13. Additional information: is based on the number of ordinary shares in issue
(excluding shares held in Treasury) being 109,990,252
ordinary shares.
14. Contact name: Doron Shamir
15. Contact telephone number: +31 (0) 20 670 4455