Jobookit Holdings Ltd (TASE:JBKT) signed a memorandum of understanding to acquire the operations and assets of Redmatch International Ltd for ILS 6.3 million on October 14, 2015. In exchange for the operations and assets, Jobookit will pay the largest part of the consideration in shares of Jobookit Holdings, and the rest in cash in 60 days from the aforementioned agreement. Subject to milestones, Jobookit will also allot additional shares for three years. The price of these shares will be equal to the Stock Exchange price at the time of issuance. The shares issued will be subject to a hold period of 18 months from allotment. Also, Redmatch’s Chief Executive Officer will act as Chief Executive Officer of Jobookit Technologies. Jobookit Holdings Ltd (TASE:JBKT) cancelled the acquisition of operations and assets of Redmatch International Ltd on October 14, 2016.