Transaction in Own Shares
31 Dezember 2009 - 8:00AM
UK Regulatory
TIDMORPK
RNS Number : 8635E
Orpak Systems Ltd
31 December 2009
31 December 2009
Orpak Systems Ltd
("Orpak" or "the Company")
Transaction in Own Shares
Orpak announces that on 30 December 2009, through its wholly-owned subsidiary
Del-Pak Systems Ltd, it purchased 4,132,232 of the Company's ordinary shares of
nominal value NIS 0.02 per share ("Shares") for 82 pence per share from funds
managed by O.S.S. Capital Management LP. These Shares will not be cancelled and
will be held in Treasury.
The purchase represents 12.79% of the issued share capital of the Company.
Following the transaction, Orpak's issued share capital now consists of
28,176,948 ordinary shares with voting rights, excluding Treasury shares. In
addition, the Company holds 5,575,232 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 11,250 fuel stations and
2.5 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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