Key Developments: Pointer Telocation Ltd (PNTR.PH)

PNTR.PH on Philadelphia Stock Exchange

28 Mar 2014
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Latest Key Developments (Source: Significant Developments)

Pointer Telocation Ltd announces commitments for $10.44 mln private placement
Thursday, 6 Mar 2014 03:50am EST 

Pointer Telocation Ltd:Receives irrevocable commitments to purchase ordinary shares in private placement to certain institutional companies in Israel.Pointer received commitments to purchase about 1.13 mln ordinary shares at $9.25 per share.For aggregate consideration of about $10.44 mln in offering.  Full Article

Pointer Telocation Ltd announces closing of acquisition of remainder of Shagrir Systems Ltd., reaching 100 pct ownership
Wednesday, 15 Jan 2014 07:22am EST 

Pointer Telocation Ltd:Says it has completed its previously announced acquisition of the 45.5 pct interest in Shagrir Systems Ltd. that it did not previously own, including Shagrir's management portion. Pointer now owns 100pct and has fully consolidated the share capital of Shagrir.Says in consideration Pointer paid aggregate of 27 Israeli Shekel mln (about $7.72 mln) and it issued 994,357 Ordinary Shares to Shagrir's selling shareholders, representing 15.2 pct of the issued share capital.  Full Article

Pointer Telocation Ltd gives FY 2014 revenue guidance
Thursday, 14 Nov 2013 06:23am EST 

Pointer Telocation Ltd:Says it expect that full year revenues in FY 2014 will exceed $100 million.  Full Article

Pointer Telocation Ltd Announces the Win of a $3M Project to Provide Advanced Solutions for Fleet Management in Brazil
Wednesday, 30 Oct 2013 08:30am EDT 

Pointer Telocation Ltd announced that it has been awarded a supply and installation contract to provide advanced solutions to manage a fleet of vehicles in Brazil. The contract is worth approximately $3 million with revenues expected to commence in the fourth quarter of 2013. The advanced solutions will enable the customer to effectively manage its fleet of over 3,000 motor vehicles.  Full Article

Pointer Telocation Ltd. Announces Completion Of Rights Offering
Thursday, 26 Jul 2012 05:10pm EDT 

Pointer Telocation Ltd. announced that the subscription period for its previously announced rights offering expired at New York City time, on July 26, 2012. Subscription rights that were not exercised by 5:00 p.m., New York City time, on July 26, 2012 have expired. Pointer will issue a total of 644,034 ordinary shares in connection with the exercise of the subscription rights. In connection with the rights offering, Pointer's majority shareholder, DBSI Investments Ltd., exercised its basic and over-subscription rights in full. Pointer will receive approximately $1.867 million of gross proceeds in connection with the exercise of the subscription rights. Pointer plans to use the net proceeds to repay a bridge loan and for general working capital purposes, including expanding its foreign operations.  Full Article

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