Valor Computerized Systems Ltd. / Miscellaneous
04.03.2010 19:42
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Yavne, Israel - March 4, 2010 - Notice is hereby given that on March 4,
2010, Valor Computerized Systems [Prime Standard: VCR, WKN 928731],
received a tax ruling from the Israeli Tax Authorities with regard to the
Merger Transaction between Valor and VR Acquisition Ltd. (a company formed
under the laws of the State of Israel and a wholly owned subsidiary of
Mentor Graphics (Netherlands) BV, a corporation formed under the laws of
the Netherlands which is a wholly owned subsidiary of Mentor Graphics
Corporation, an Oregon, U.S.A. corporation) (the 'Ruling') which, inter
alia, enables Valor's shareholders to elect that the provisions of Section
104H of the Israeli Income Tax Ordinance (the 'ITO') shall apply to the
equity portion of the Merger Consideration they shall receive under the
Merger Transaction, and which shall enable such electing shareholders to
defer their obligation to pay tax under Israeli law and with regard to
equity portion of the Merger Consideration they shall receive under the
Merger Transaction in accordance with and subject to the terms and
conditions of the ITO and the Ruling.
Any shareholder interested in applying Section104H to the equity portion of
the Merger Consideration it shall receive under the Merger Transaction,
must submit a request to the Israeli Tax Authority, department of Mergers
and Spin-offs, as soon as possible (considering the fact that further
action shall be required from such shareholder) and in any event by no
later than March 18, 2010.
For further and more comprehensive information with this regard, please
contact:
Valor Corporate
Mr. Alon Erlich
alon.erlich@valor.com
Tel: +972-(0)8-943-2430
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Information and Explaination of the Issuer to this News:
About Valor
Valor is a global provider of productivity improvement software solutions
for the printed circuit board, or PCB, manufacturing supply chain. PCBs are
the principal electronic interconnect technology used in the vast majority
of electronic products sold today. Valor's solutions target three key
segments in the PCB manufacturing market: design of the physical layout of
the PCB, fabrication of the bare PCB, and assembly of PCB components.
Certain statements included herein are forward-looking in nature and,
accordingly, are subject to risks and uncertainties. Such forward-looking
statements include statements regarding the size and timing of the proposed
offering. These forward-looking statements are only predictions based on
our current expectations and projections about future events. Many
factors, including those indicated in the press release, as well as general
market conditions, could impact the realization of these forward-looking
statements. Valor wishes to caution prospective investors not to rely on
any such forward-looking statements as predictions of future events. Valor
does not undertake, and specifically disclaims any obligation, to update
any forward-looking statements, which speak only as of the date made.
04.03.2010 19:42 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Valor Computerized Systems Ltd.
4 Faran Street
70600 Yavne
Israel
Phone: +972-(0)3 - 9432430
Fax: +972-(0)3 - 9432429
E-mail: IR@valor.com
Internet: www.valor.com
ISIN: IL0010845324
WKN: 928731
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Valor Computerized Systems Ltd.: Notice Regarding to a Certain Tax Aspect of the Valor Computerized Systems Merger Transaction
| Source: EQS Group AG