13th Aug 2008 08:03
BANK LEUMI LE-ISRAEL B.M.
(GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE
PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.)
Translation of Immediate Report
Bank Leumi le-Israel B.M.
Registration No. 520018078
Securities of the Corporation are listed on The Tel Aviv Stock Exchange
Abbreviated Name: Leumi
Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546
Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732
Electronic Mail: [email protected]
12 August 2008
To: Israel Securities Authority (www.isa.gov.il)
The Tel Aviv Stock Exchange (www.tase.co.il)
Immediate Report
Nature of the Event: Extension of Agreement for the Sale of Shares in "Hot"
Further to the Immediate Report of 4 May 2008 and 17 April 2008, regarding the agreement between Netvision Ltd. ("Netvision") and Bank Leumi le-Israel B.M. (the "Bank") for the sale of a parcel of shares in Hot - Communications Systems Ltd. ("Hot") held by the Bank (some 15% of the issued and paid-up share capital of Hot), for a consideration of some NIS 480 million, the Bank announces that on 12 August 2008, Netvision and the Bank signed an agreement for the extension of the period for completion of the transaction by 45 additional days, i.e. until 30 September 2008.
Pursuant to the provisions of the first refusal rights agreement between the shareholders of Hot, and to the extent that the transaction is not completed prior thereto, on 25 August 2008 the first refusal rights for the purchase of the shares being purchased granted to the shareholders of Hot entitled thereto, that were not exercised by said shareholders, will be renewed. Completion of the transaction, to the extent that that the date thereof is following the date of renewal of the first refusal rights, is dependent on fulfillment of the following conditions precedent by the last date for completion of the transaction: (a) waiver or non-exercise of the first refusal rights, regarding the purchase of the shares being sold, by the shareholders of Hot who are entitled thereto; (b) receipt of all legally required permits for the purchase of the shares being sold.
Date and time at which the corporation first became aware of the event or matter:
12 August 2008 at 17:00.
________________________________________________________________
Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President, Group Secretary
POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732,
Electronic Mail: [email protected]
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