3rd Apr 2006 07:39
Adamind Ltd03 April 2006 Adamind Ltd (Adamind or "the Company") Notification of Interest Palo Alto: The Company was notified that on 31 March, Emblaze Ltd has sold itsentire shareholding in Adamind. Emblaze sold 17,735,000 existing ordinary sharesof ILS 0.01 ("Ordinary Shares") in Adamind to institutional investors at 110pper Ordinary Share through a placing with institutional investors by Bridgewell. Shailendra Jain, CEO of Adamind, said: "Since Adamind was created in November2004, Emblaze has been a supportive shareholder and has helped us to achieve themarket leading position we occupy today.The sale of Emblaze's holding in Adamindmeans that we now have the flexibility to operate as a wholly independentcompany and we believe that Adamind's position will be enhanced as a consequenceof that. "The Company will continue to build on its foundation to chart a successfulfuture as it expands its business into new territories and deliver sustainedshareholder value." Enquiries: Adamind Shailendra Jain, CEO +972 9769 9500Eli Sofer, CFO Corfin Communications Harry Chathli, Neil Thapar +44 20 7929 8989 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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