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Frutarom Industries (FRUT)

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Thursday 11 January, 2018

Frutarom Industries

Completion of Merger Transaction with Enzymotec

RNS Number : 6611B
Frutarom Industries Limited
11 January 2018
 

Below is the immediate report submitted today to the Israeli Securities Authority ("ISA") and the Tel-Aviv Stock Exchange through the ISA's electronic submission system in accordance with the Securities Regulations (Periodic and Immediate Reports), 1970.

 

Frutarom Industries Ltd.

("Frutarom")

Registration No.:  52-004280-5

The securities of Frutarom Industries Ltd. are listed for trading on the Tel-Aviv Stock Exchange

Name:  Frutarom

25 HaShaish St., P.O.B. 10067, Haifa 2611001

Tel:  +972-4-846 2401, Fax:  +972-4-872 2517, www.frutarom.com

Email:   tmirsky@frutarom.com

 

January 11, 2018

 

 

Israeli Securities Authority

Tel Aviv Stock Exchange Ltd.

http://www.isa.gov.il/

http://www.tase.co.il/

 

Dear Sir/Madam,

 

Subject: Completion of Merger Transaction with Enzymotec Ltd.  

Further to previous reports by Frutarom[1] with regard to its entering into a purchase agreement via Frutarom Ltd., a fully-owned subsidiary (the "Acquiring Company"), by means of a reverse triangular merger with Enzymotec Ltd., a public Israeli company whose ordinary shares are traded on NASDAQ (under the symbol ENZY) ("Enzymotec") and with a subsidiary of the Acquiring Company (respectively: the "Merger Transaction" and the "Merger Sub"), Frutarom is pleased to hereby announce that on January 11, 2018 the Merger Transaction was completed according to its conditions and all the conditions precedent established therein were fulfilled.

Upon completion of the Merger Transaction, Frutarom was transferred the balance of Enzymotec shares which it had not held (approximately 81%) in return for payment of the merger consideration (as defined in the report from October 29, 2017) to Enzymotec shareholders. Enzymotec thereby became a fully-owned indirect subsidiary of Frutarom, its shares were delisted from trading on NASDAQ, and it ceased to be a public company. Frutarom financed the Merger Transaction through loans from banking corporations. For further details see Frutarom's immediate report from January 11, 2018.

 

Sincerely yours,

Eden Senay Tagania, Adv.

Legal Counsel

Frutarom Industries Ltd.



[1]     See the reports dated August 1, August 4, August 24, September 19, October 29, December 12 and December 26, 2017, the details of which are hereby offered for reference.


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