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 Fortissimo Capital
notification obligation:iii Management Ltd.
4. Full name of shareholder(s) N/A
(if different from 3.):iv
5. Date of the transaction and date on
which the threshold is crossed or April 28, 2014
reached: v
6. Date on which issuer notified: April 28, 2014
7. Threshold(s) that is/are crossed or 5%
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
Number Number Number Number of voting % of voting rights
if possible of of of shares rights x
using Shares Voting
the ISIN Rights Direct Direct xi Indirect Direct Indirect
CODE xii
Ordinary 5,541,524 0% (see 4,541,524 0% (see 4,541,524 0% (see 4.12%
Shares item 13) item 13) item 13)
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period xiv rights that may be rights
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 Expiration Exercise/ Number of voting rights % of voting
financial price 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
4,541,524 (indirect - see item 13) 4.12%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
Fortissimo Capital Management Ltd, is the management company of the following
affiliated funds on whose behalf it acquired shares: Fortissimo Capital Fund
(Israel) LP; Fortissimo Capital Fund (Israel-DP), LP; Fortissimo Capital Fund,
LP; and Fortissimo Capital Fund II (Israel) LP. See item 13 as well.
Proxy Voting:
10. Name of the proxy holder: Israel 18 B.V.
11. Number of voting rights proxy holder will cease 4,541,524 (4.12%)
to hold:
12. Date on which proxy holder will cease to hold August 14, 2015
voting rights:
Granted call option to Israel 18 B.V. (previously Chabad 770 B.V.) to
13. Additional acquire remaining holdings through April 30, 2014 as well as a proxy to
information: vote all of Fortissimo's shares through August 14, 2015.
Information with respect to voting rights and thresholds is based on the
number of ordinary shares in issue (excluding shares held in Treasury)
being 109,990,252 ordinary shares.
14. Contact Marc Lesnick
name:
15. Contact
telephone +972 3 915 7466
number: