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Cimatron Ltd. Message Board

  • djhmk2 djhmk2 Apr 1, 2013 6:39 PM Flag

    Over allotment option excercised :

    GIVAT SHMUEL, Israel, April 1, 2013 /PRNewswire/ --

    Cimatron Limited (NASDAQ and TASE: CIMT), a leading provider of integrated CAD/CAM software solutions for the toolmaking and manufacturing industries, today announced that the underwriter of its previously announced secondary offering has exercised in full its over allotment option and have purchased an additional 375,000 ordinary shares from the selling shareholders. The over allotment option was granted by the selling shareholders in connection with an underwritten public offering of 2,500,000 shares at an offering price of $5.25 per share, which priced on March 21, 2013, and closed on March 26, 2013. All of such shares were offered and sold by shareholders of Cimatron, and such selling shareholders received all of the net proceeds from this offering. Cimatron did not receive any proceeds from this offering

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