KOOR INDUSTRIES LTD.
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OFFICE OF LEGAL COUNSEL
21 Ha'arba'a Street
Tel Aviv 64739
Israel
Tel: 972-3-6238420
Fax: 972-3-6238425
April 6, 2000
The Securities Authority The Registrar of Companies The Tel Aviv Stock
Exchange 54 Ahad Ha'am St. 97 Yafo St.
22 Kanfei Nesharim St. Tel Aviv 65202 Jerusalem 91007
Jerusalem 95464 -------------- ---------------
- --------------- Fax: 03-5105379
Fax: 02-6513940
Dear Sirs,
RE: IMMEDIATE REPORT - KOOR INDUSTRIES LTD. (NO. 16/2000)
COMPANY NO. 52-001414-3
Koor Industries Ltd. (hereinafter: "Koor") hereby announces the following:
1. On April 3, 2000 Koor acquired, during regular trading in the Stock
Exchange, various quantities at various rates, of ordinary shares (value of
0.001 NIS per share) of Koor. The total shares acquired this day were 25,157
for a total sum of 9,154,381.4 NIS. (the closing price of said shares on
this day was 36,010)
Further on April 4, 2000 Koor acquired, during regular trading in the Stock
Exchange, various quantities at various rates, of ordinary shares (value of
0.001 NIS per share) of Koor. The total shares acquired this day were
28,157 for a total sum of 10,324,110 NIS. (the closing price of said shares
on this day was 36,660)
Further on April 5, 2000 Koor acquired, during regular trading in the Stock
Exchange, various quantities at various rates, of ordinary shares (value of
0.001 NIS per share) of Koor. The total shares acquired this day were
29,405 for a total sum of 10,486,325 NIS. (the closing price of said shares
on this day was 35,450)
2. As stated, Koor acquired a total of 82,719 ordinary shares, which
represent 0.5% of its issued share capital.
Yours sincerely,
Shlomo Heller, Adv.
Legal Counsel
EXHIBIT DESCRIPTION
A A. Translation from Hebrew to English of an Immediate
Report (the "Report"), which was served on the Israeli
Securities Authority, The Tel-Aviv Stock Exchange Ltd. and
the Registrar of Companies, on April 6, 2000, regarding the
acquisition of Koor shares.
