The exchange offer is addressed to all shareholders of Ashtrom Properties, except in relation to the shares of Ashtrom Properties held by the Ashtrom Group.
The Ashtrom Group has decided to delist from the stock exchange Ashtrom Properties, whose shares have lost tens of percent since the beginning of the year.
The Group submits a full exchange purchase offer, for the purchase of all ordinary shares of NIS 1 par with each of Ashtrom Properties. This is in exchange for 13,625,015 ordinary shares of NIS 0.10 par each, of the Ashtrom Group.
Currently, there are 86,728,319 ordinary shares of NIS 1 par value each in the issued and paid-up capital of Ashtrom Properties.
The exchange offer is addressed to all shareholders of Ashtrom Properties, except for 47,132,228 shares of Ashtrom Properties held by the Ashtrom Group, which constitute approximately 54.34% of the issued and paid-up capital of Ashtrom Properties and its voting rights.
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