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Orpak Systems LTD (ORPK)

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Tuesday 07 February, 2006

Orpak Systems LTD

Notices of Two Extraordinary General Meetings


                              Orpak Systems Ltd.                               

                 Notices of Two Extraordinary General Meetings                 

Orpak Systems Ltd. ('Orpak' or the 'Company') announces that it has sent
notices to shareholders convening two extraordinary general meetings ('EGM') to
be held at the offices of Speechly Bircham, 6 St Andrew Street, London EC4A
3LX, United Kingdom, at 10 a.m. and 2 p.m (London time) on 28 February 2006.

The resolutions to be proposed at the First EGM are as follows:

 1. To appoint Mr. David Christopher Squire Willis as an External Director of
    the Company for a term of 3 years as of the date of the First EGM.
   
 2. To appoint Mr. Madhukar N Bhagwat as an External Director of the Company
    for a term of 3 years as of the date of the First EGM.
   
The resolutions to be proposed at the Second EGM are as follows:

 1. To approve the service agreement of Mr. David CS Willis.
   
 2. To approve the service agreement of Mr. Madhukar N. Bhagwat.
   
 3. To approve the award of a special bonus in the amount of US$ 40,000 to
    Hayim K. Management Services Ltd (a private company owned by Mr. Hayim
    Kohen, a director of the Company and its CEO), for its efforts and
    contribution to the success of the admission of the Company's shares to the
    AIM market.
   
 4. To approve the award of a special bonus in the amount of US$ 25,000 to Mr.
    Hemi Shtral, a director of the Company and its CFO, for his efforts and
    contribution to the success of the admission of the Company's shares to the
    AIM market.
   
 5. To approve the Orpak Systems' 2006 Share Option Plan ('2006 Share Option
    Plan') designated to cover 1,227,140 shares of the Company (subject to
    certain possible adjustments).
   
 6. To approve the grant of up to 157,326 options under the 2006 Share Option
    Plan to Mr. Alexander Milner, a director of the Company and the Chairman of
    its Board of Directors.
   
 7. To approve the grant of up to 157,326 options under the 2006 Share Option
    Plan to Mr. Hayim Kohen, a director of the Company and its CEO.
   
 8. To approve the grant of up to 104,884 options under the 2006 Share Option
    Plan to Mr. Hemi Shtral, a director of the Company and its CFO.
   
Copies of the notices of the two EGMs can be obtained from the Company's
nominated advisor, Seymour Pierce Limited, Bucklersbury House, 3 Queen Victoria
Street, London EC4N 8EL

Further information:

Hemi Shtral - Orpak

+972 3 5776868

John Depasquale - Seymour Pierce

+ 44 20 7107 8010