Advanced Vision Technology Ltd. / Offer 10.09.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ronin announces commencement of tender offer to AVT shareholders Advanced Vision Technology (A.V.T.) Ltd. has been informed today by privately-held Israeli investment company Ronin Investment Managing Company Ltd. that Ronin is commencing a public tender offer to the shareholders of AVT. Ronin is offering to purchase up to 1,200,000 shares of AVT at a price of 7.1 per share. Pursuant to applicable Israeli law, the tender offer is conditioned upon the receipt of acceptances representing at least 5% of the voting power in AVT, and upon acceptance of a majority of the shareholders responding to the offer. The offer period will expire at the close of business on October 7, 2008. If the offer is accepted, shareholders that did not tender their shares will be able to do so in a subsequent offer period ending on October 17, 2008. According to Ronin they currently hold approximately 24.5% of AVTs outstanding voting shares. In the event that Ronin succeeds in purchasing substantially all the shares it is offering to purchase in the tender offer, it will hold approximately 47% of AVTs outstanding voting shares. The management board of AVT will evaluate the offering and communicate its views in due course. Hod-Hasharon/Israel, September 10, 2008 DGAP 10.09.2008 --------------------------------------------------------------------------- Language: English Issuer: Advanced Vision Technology Ltd. Hanagar 5 45241 Neve Ne'eman, Hod Hasharon Israel Phone: +972 9 761-4444 Fax: +972 9 761-4555 E-mail: IR@avt-inc.com Internet: www.avt-inc.com ISIN: IL0010837248 WKN: 931340 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Advanced Vision Technology Ltd: Ronin announces commencement of tender offer to AVT shareholders
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