AIRPORT CITY BUSINESS PARK, ISRAEL--(Marketwired - Apr 10, 2014) - RRsat Global Communications Network Ltd. (
"The increased ownership position reflects a significant, ongoing vote of confidence by a leading private equity investment group," commented Avi Cohen, RRsat's Chief Executive Officer.
Following this transaction, Viola Group owns approximately 28.6% of RRsat's shares. This latest acquisition by Viola Group follows its previously reported acquisitions during 2013 of 15% of RRsat's shares from Kardan Communications and 7% of RRsat's shares from David Rivel, RRsat's founder, director and former Chief Executive Officer.
RRsat Global Communications Network Ltd. (
Safe Harbor Statement
This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry as of the date of this press release. We undertake no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in our expectations, except as may be required by law. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements, including the risks indicated in our filings with the Securities and Exchange Commission (SEC). For more details, please refer to our SEC filings and the amendments thereto, including our Annual Report on Form 20-F for the year ended December 31, 2013 and our Current Reports on Form 6-K.