25th Feb 2005 12:01
Emblaze Ltd25 February 2005 Emblaze Raises its stake in Adamind Ltd Ra'anana, Israel, 25 February 2005: Emblaze Ltd, (Emblaze or "the Company")(LSE: BLZ) announces that it has increased its stake in Adamind Ltd ("Adamind")(LSE: ADA) from 47.5% to 50.01% following the purchase of 885,000 shares in theopen market at a mean price of 153p per ordinary share. These purchases weremade on 22 February and 23 February 2005 taking Emblaze's total holding to17,685,000 ordinary shares. Emblaze has no intention to further increase its shareholding. The purchase willenable Emblaze to consolidate Adamind's figures into the Company's accounts.Adamind continues to have a balanced Board and will fulfill all its corporategovernance obligations. Emblaze's strategy is to create shareholder value through a group of tightlyfocused technology businesses that provide telecom operators with solutions,products and technologies for the next generation services. Enquiries Emblaze LtdDoron Cohen, Hagit Gal + 972 9 7699831 / 339 Corfin CommunicationsHarry Chathli, Neil Thapar + 44 207 645 2990 Shared ValueAlex Dee + 44 207 321 5013 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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