DGAP-Adhoc: Advanced Vision Technology Ltd: Ronin announces commencement of tender offer to AVT shareholders

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.
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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 AVT’s
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 AVT’s 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 
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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
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