Metal-Tech Ltd Update on Tender Offer (4640N)
28 September 2012 - 9:25PM
UK Regulatory
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RNS Number : 4640N
Metal-Tech Ltd
28 September 2012
28 September 2012
Metal-Tech Ltd.
("Metal-Tech" or "the Company")
Update on Tender Offer for all issued and outstanding share
capital of Metal-Tech
Metal-Tech, the producer and recycler of specialty metals such
as tungsten and molybdenum, provides the following update to the
announcement of 3 September, 2012 that Hillah Consultants Ltd. Inc.
("Hillah Consultants") had commenced a Cash Tender Offer to acquire
all of the Company's issued and outstanding share capital not
already held by Hillah Consultants and its sole shareholder, Mr.
Ariel Rosenberg, totalling 4,148,045 Ordinary Shares of the
Company, representing approximately 10.8 percent of the issued and
outstanding share capital of the Company (except for certain
Ordinary Shares to be purchased by Mr. Rosenberg from a shareholder
of the Company upon consummation of the Tender Offer or
alternatively following the adoption by the Company's shareholders
of the resolution for the cancellation of the admission of the
Company's shares from trading on AIM).
The expiry date for the tender offer was 28 September 2012.
However, Hillah Consultants and Mr Rosenberg have informed the
Company that they have extended the Tender Offer period to expire
at 1700hrs (British Summer Time), 4 October 2012.
Enquiries:
Metal-Tech Ltd.
Peter Syme +44 20 7618 9100
Oren Kind +972 542491013
Panmure Gordon +44 20 7886 2500
Fred Walsh
Hannah Woodley, Charles Leigh-Pemberton
Luther Pendragon +44 20 7618 9100
Harry Chathli, Alexis Gore
This information is provided by RNS
The company news service from the London Stock Exchange
END
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