25 October 2011
Metal-Tech Ltd. ("Metal-Tech" or "the Company") Director Shareholding
Metal-Tech has been informed on 24 October 2011 that Mr.
Ariel Rosenberg, Executive Chairman and CEO of the Company,
purchased 2,798,448 ordinary shares in the Company at 5.5
pence per share on the same day through a direct sale from
Genesis Investment Management LLP (Genesis).
Genesis informed Metal-Tech that its investment fund does not
invest in companies based in OECD member countries and, as
Israel has joined the OECD, Genesis wished to sell its
holding in Metal-Tech. Genesis has sold its entire
shareholding in the Company and no longer holds any interest
in Metal-Tech.
Following this purchase, Mr. Rosenberg beneficially owns
30,745,448 ordinary shares in aggregate in the Company (of
which 27,270,000 are registered in the name of Hillah
Consultants Ltd.). This total holding represents
approximately 80.1 per cent of the issued share capital of
the Company.
Aik Rosenberg, Executive Chairman and CEO of the Company,
said: "I would like to thank Genesis for their long term
support of Metal-Tech and we are sorry that for technical
reasons they could no longer retain their shareholding in the
Company."
Ariel (Aik) Rosenberg
Panmure Gordon +44 20 7459 3600Aubrey Powell
Hannah Woodley / Charles Leigh-Pemberton
Luther Pendragon +44 20 7618 9100Harry Chathli, Alexis Gore