Notification of Interest
25 March 2010 - 4:27AM
UK Regulatory
TIDMORPK
RNS Number : 1447J
Orpak Systems Ltd
24 March 2010
24 March 2010
Orpak Systems Ltd
("Orpak" or "the Company")
Notification of Interest
Orpak announces that on 23 March 2010, Delek - the Israeli Fuel Company Ltd
("Delek") purchased 1,694,215 of the Company's ordinary shares of nominal value
NIS 0.02 per share ("Shares") for 85 pence per share from Orpak's wholly-owned
subsidiary, Del-Pak Systems Ltd. The Shares were released from Treasury by
Orpak.
The purchase represents 5.0% of the issued share capital of the Company. Delek
now holds 4,323,415 ordinary shares, currently representing 12.81% of the
Company's issued share capital and voting rights.
Following the transaction, Orpak's issued share capital consists of 29,867,667
ordinary shares with voting rights, excluding Treasury shares. In addition, the
Company holds 3,881,017 ordinary shares in Treasury.
Enquiries
Orpak Systems Ltd
Hayim Kohen, CEO +972 3 577 6868
Hemi Shtral, CFO
Libertas Capital
Sandy Jamieson +44 20
7569 9650
Corfin Communications
Harry Chathli, Claire Norbury +44 20 7977 0020
Note to Editors
Orpak develops, manufactures and markets end-to-end solutions for the automation
of fuel stations and fleet management. Orpak is a market leader in automated
refueling systems that incorporate fuel payment based on vehicle identification.
Using advanced technologies to meet customer requirements, Orpak's solutions
integrate forecourt automation and management, convenience-store management
systems, commercial and retail sales solutions, and fuel delivery systems. The
Company's solutions are designed to benefit customers through enabling fuel
savings, preventing fuel fraud, maximizing loyalty programs and providing other
advanced services that increase profitability.
The Company's products have been delivered to more than 11,500 fuel stations and
2.6 million vehicles in 30 countries across the globe and are distributed
through an international network of subsidiaries and partners.
Orpak has been ISO-9001 certified since 1995, and the Company's products meet
appropriate local safety standards and regulations in markets in which it
operates.
Orpak (AIM: ORPK) was admitted to AIM in December 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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