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OTC Disclosure & News Service

 

Submission of Outline of an Offer of Securities for Employees

Sep 10, 2015

OTC Disclosure & News Service

Ness-Ziona, Israel -

With regard to the Company's Employee Stock Option Plan, the Company announces that today it submitted a non-
material private offering of the Company's securities as set forth in the Securities
Law, 1969, the Securities Regulations (Private Offering of Securities in a
Listed Company), 2000, and an outline as set forth in the Securities
Regulations (Details of an Outline of an Offer of Securities of Employees),
2000 (the "Outline") is hereby submitted for the offering and
issuance of up to 2,000,000 unregistered ordinary shares of the Company, to be
offered to the Company's employees and officers, at an exercise price of ILS 1.65 per share. 
According to the Outline requirements, the Options may be issued
until the earlier of: (i) the publication of the Company's annual report for
the fiscal year of 2015; or (ii) by March 31st, 2016.

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