DGAP-Adhoc

Advanced Vision Technology Ltd.: AVT's request to reduce its capital by up to US$ 12 million has been tentatively approved by the District Court in Tel Aviv, Israel

Advanced Vision Technology Ltd. / Key word(s): Corporate Action

17.09.2014 18:33

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AVT's request to reduce its capital by up to US$ 12 million has been
tentatively approved by the District Court in Tel Aviv, Israel

Hod-Hasharon, Israel, September 17, 2014 - Advanced Vision Technology (AVT)
Ltd., the world's leader in print process control, quality assurance and
color control for the packaging, labels, folding cartons and commercial
print markets, announced that the District Court in Tel Aviv, Israel, has
tentatively approved the Company's request to allow the reduction of its
capital by up to US$12 million.
The court's ruling will become final on October 2, 2014, if the Israeli Tax
Authority will not file an objection to this ruling prior to October 2nd.
Once final, per applicable Israeli law, this ruling will enable the board
of directors of the Company to opt to declare a distribution of dividends
and/or adopt a share buy-back program, which will consume up to US$12
million of the Company's capital


17.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Advanced Vision Technology Ltd.
Hanagar 6
45241 Neve Ne'eman, Hod Hasharon
Israel
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.avt-inc.com
ISIN: IL0010837248
WKN: 931340
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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