SHL TELEMEDICINE LTD. Press release
Swiss Takeover Board extends deadline for mandatory tender offer
Tel Aviv / Zurich, June 27, 2018 - SHL Telemedicine Ltd. (SIX Swiss Exchange: SHLTN) ("SHL"), a leading provider and developer of advanced personal telemedicine solutions, announced today that on 27 June 2018 the Swiss Takeover Board has taken the following decision 672/03 regarding a request for extension of the deadline to make a mandatory tender offer by Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd., Xiang Xu, Kun Shen, and Mengke Cai with respect to SHL:
- The deadline for Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd., Xiang Xu, Kun Shen, and Mengke Cai to make a tender offer to the shareholders of SHL Telemedicine Ltd. is extended until 31 August 2018.
- This deadline extension is provided under the condition that Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd., Xiang Xu, Kun Shen and Mengke Cai inform the Takeover Board about the progress regarding the realization and the financing of the mandatory tender offer once a week.
- The main motion of Himalaya (Cayman) Islands) TMT Fund, Himalaya Asset Management Ltd., Xian Xu, Kun Shen, and the motion para. 1 of Mengke Cai [motions to extend the deadline until 30 September 2018] are rejected.
- The main motion para. 1 [to reject the deadline extension request] as well as the motions para. 2-4 [to suspend voting rights of mandatory bidders; to forbid SHL and its organs to allow the exercise of the voting rights and related rights; to pay default interest of 5% p.a. on the offering price since 12 July 2017] of Nehama & Yoram Alroy Investment Ltd. and Elon Shalev are rejected.
- SHL Telemedicine Ltd. is obliged to inform the public on the deadline extension granted with this decision and to publish the orders of this decision. The publication has to be made at the same time as the publication of this decision by the Takeover Board.
- This decision will be published on the website of the Takeover Board after the notification of the parties.
- The fee jointly and severally charged to Himalaya (Cayman Islands) TMT Fund, Himalaya Asset Management Ltd., Xiang Xu, Kun Shen, and Mengke Cai amounts to CHF 20'000.
Instruction on the Right to Appeal as per the decision
Appeal (art. 140 of the Financial Market Infrastructure Act, SR 958.1):
This decision can be appealed within a period of five trading days with the Swiss Financial Market Supervisory Authority FINMA, Laupenstrasse 27, CH-3003 Bern. The appeal must be made in writing and must be substantiated. The appeal has to suffice the requirements of art. 52 of the Federal Act on Administrative Procedure.
For further information please contact:
Martin Meier-Pfister, IRF Communications, Phone: +41 43 244 81 40, shl@irfcom.ch
About SHL Telemedicine
SHL Telemedicine is engaged in developing and marketing personal telemedicine systems and the provision of medical call center services, with a focus on cardiovascular and related diseases, to end users and to the healthcare community. SHL Telemedicine offers its services and personal telemedicine devices to subscribers utilizing telephonic and Internet communication technology. SHL is listed on the SIX Swiss Exchange (SHLTN, ISIN: IL0010855885, Security No.: 1128957). For more information, please visit the web site at www.shl-telemedicine.com.
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