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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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|]]]|] --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Valor Computerized Systems Ltd.: Notice Regarding to a Certain Tax Aspect of the Valor Computerized Systems Merger Transaction
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