TEL AVIV, Israel, Feb. 18, 2022 /PRNewswire/ -- The Capri Family
Foundation ("Capri") announced today that it increased its offer
price to purchase 941,942 ordinary shares of Optibase Ltd.
("Optibase") (Nasdaq: OBAS) and (TASE: OBAS) to $12.64 per share.
The increased offer price, $12.64
per Optibase Share, is approximately 7.6% greater than the closing
sale price per Optibase share as reported by Nasdaq on February 14, 2022, the last U.S. trading day
before the commencement of the tender offer, and approximately 9.0%
greater than the original offer price of $11.60 per share.
The tender offer is scheduled to expire at 10:00 a.m., New
York time (5:00 p.m.
Israel time), on March 17, 2022, unless extended by Capri.
The complete terms and conditions of the tender offer, including
important U.S. and Israeli income and withholding tax
considerations relating to the tender offer, are contained in the
Offer to Purchase included as an exhibit to the Tender Offer
Statement on Schedule TO filed with the U.S. Securities and
Exchange Commission (the "SEC") and with the Israel Securities
Authority ("ISA"). Capri expects to amend the Offer to Purchase, on
or around February 23, 2022, to
update matters that relate to the increased offer price. American
Stock Transfer & Trust Company is the U.S Depositary for the
offer and Israel Brokerage & Investments - I.B.I. - Ltd. is the
Israeli Depositary for the offer.
Important Information: This is not an offer to
buy or the solicitation of an offer to sell any ordinary shares of
Optibase. The tender offer that is described in this press release
will only be made through the Offer to Purchase, Letter of
Transmittal and related tender offer documents. All shareholders of
Optibase should read the tender offer materials which have been
filed by Capri. Shareholders of Optibase should read the tender
offer materials because they contain important information about
the tender offer. The tender offer materials and other filed
documents are available at no charge on the SEC's website at
http://www.sec.gov and on the ISA's website at
http://www.magna.isa.gov.il, and also are available without charge
to all shareholders by contacting D.F. King & Co., Inc., the
information agent for the tender offer, at (800) 829-6554 or (212)
269-5550 (banks and brokers). Shareholders are urged to read these
materials carefully before making any decision with respect to the
tender offer.
Forward-Looking Statements: This press release may
contain forward-looking statements. The accuracy of such statements
is subject to a number of risks, uncertainties and assumptions that
may cause actual results to differ materially from those projected,
including, but not limited to, the effect of general economic
conditions, political events and fluctuations in the share price of
Optibase. These statements are based on information available at
the time of the press release and Capri undertakes no obligation to
publicly update any forward-looking statements, whether as a result
of new information, future events or otherwise (except as required
by law).
About Capri: Capri is a foundation organized under the
laws of the Republic of Panama.
The Information Agent in the offer is:
D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, NY 10005
(800) 829-6554
(212) 269-5550 (banks and brokers)
optibase@dfking.com
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SOURCE Capri Family Foundation