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Security National Financial Corp. Message Board

csi_banks 1 post  |  Last Activity: Jun 19, 2015 10:48 AM Member since: Dec 6, 2006
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  • csi_banks by csi_banks Jun 19, 2015 10:48 AM Flag

    Whatever happened to our shares?

    "Pointer is pleased to announce, further to its announcement of December 1, 2014, the completion as of December 30, 2014, of the transfer of certain assets and liabilities of its wholly owned subsidiary, Shagrir Systems Ltd. ("Shagrir") into a new wholly owned subsidiary, Shagrir Group Vehicle Services Ltd. ("Shagrir Group"). The merger between Shagrir, with its remaining assets (primarily Fleet Management and Stolen Vehicle Recovery services), into Pointer has also been completed, with effective date of December 31, 2014 (subject to approval of the Israeli Registrar of Companies). As previously announced, Pointer intends, subject to the applicable legal requirements, to distribute the shares of Shagrir Group to Pointer's shareholders as a dividend-in-kind"

    Sentiment: Hold

7.27+0.27(+3.86%)11:38 AMEDT