Emblaze Ltd (LSE:BLZ)
("Emblaze" or "the Company")
Tender Offer for Willi-Food Investments Ltd. accepted
Tel Aviv, Israel, 28 April 2014
Capitalised terms will have the meanings ascribed to them in the Company's
announcements of 3 March, 2014 and 7 April, 2014.
Further to the Company's announcement of 7 April, 2014, the Company announces
that as at 14:00 (Israeli time) on 27 April 2014 (being the last time and date
for acceptance of the terms of the Special Tender Offer), acceptances in
respect of the Special Tender Offer were received from Willi-Food Investments
Ltd ("WFI") shareholders holding 6,550,698 shares in WFI (of which, 1,930,353
were shares held by shareholders who are deemed to be interested parties for
the purposes of said Special Tender Offer under Israeli law).
The number of acceptances exceeds the number of shares in WFI to which the
Special Tender Offer relates (658,685) and, having also been accepted by a
majority of those WFI shareholders to which the Special Tender Offer was
addressed, the Company confirms that the Special Tender Offer has become
unconditional.
Under Israeli law, those WFI shareholders who have not tendered their shares in
WFI pursuant to the Special tender Offer during the acceptance period which
expired yesterday, as well as shareholders who have previously rejected said
Special Tender Offer, have the right to tender their shares in WFI pursuant to
the Special Tender Offer during an additional four (4) day acceptance period,
which expires at 14:00 (Israeli time) on 1 May 2014.
Further to the Company's announcement of 3 March, 2014, the Company now
expects to make a further purchase from the Sellers of their remaining shares
in WFI, such that the Sellers will have sold, in aggregate, approximately 58%
of the shares of WFI (or approximately 55% on a fully diluted basis),
comprising their entire holding of shares in WFI).
Enquiries:
Eyal Merdler, CFO: Eyal.Merdler@emblaze.com
The Emblaze Group has been traded on the London Stock Exchange (LSE: BLZ) since
1996.
www.emblaze.com