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Orpak Systems Ltd (ORPK)

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Thursday 31 December, 2009

Orpak Systems Ltd

Transaction in Own Shares

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
 
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