Stay of Proceedings
14 Febrero 2007 - 4:32AM
UK Regulatory
RNS Number:2348R
Kidron Industrial Holdings Ld
14 February 2007
Kidron Industrial Holdings Ltd.
Date of transmission: February 13, 2007
Reference: 2007-01-309407
The Israel Securities Authority The Tel-Aviv Stock Exchange Ltd.
http://www.isa.gov.il/ http://www.tase.co.il/
Immediate Report of an event or matter outside of the Company's normal course of
business
Regulation 36(a) of the Securities Regulations (Periodic and Immediate Reports)
5730-1970
Subject: Stay of proceedings
1. The Company hereby provides notice that today, February 13, 2007, the Company
filed a Motion for Stay of Proceedings with the Nazareth District Court.
Such motion requested, among other things, that the Court grant an order
pursuant to which, for the duration of an initial period ending December 31,
2007, it would not be possible to continue or to initiate any legal
proceedings against the applicant, except as permitted by the Court and on
the terms determined by the Court. The Court was further requested to
appoint to the Company a special manager and trustee during the term of the
stay of proceedings, and to approve a creditors' meeting, which would take
place within 45 days for the purpose of presenting a proposal for a
creditors' arrangement.
__________________________
2. The date and time on which the Corporation was first apprised of the event or
matter:
February 13, 2007 at 1:30 p.m.
Sincerely,
Kidron Industrial Holdings Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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