B.G.I. Investments (1961) Ltd (TASE:BGI) acquired 16.04% stake in Emblaze Ltd. (LSE:BLZ) from Fortissimo Capital and Naftali Shani for £14.5 million on August 14, 2013. Under the terms of agreement, B.G.I. Investments acquired 7.74 million shares from Naftali Shani and 9.9 million shares from Fortissimo Capital at £0.75 per share. As a part of the agreement, Naftali Shani has granted to BGI a call option providing BGI with the ability to acquire the remainder of Naftali Shani's holding of shares in Emblaze Ltd., comprising 7.74 million shares for £7.07 million together with an additional payment of £1.26 million in respect of the initial Shani shares. The Shani call option is exercisable by BGI within a 36 month period and assignable to third parties. In addition, Fortissimo Capital also granted to BGI a call option providing BGI with the ability to acquire the remainder of Fortissimo Capital's holding of shares in Emblaze Ltd., comprising 8.88 million shares for $13.29 million (£8.5 million). The Fortissimo Capital call option is exercisable by BGI within a 24 month period and assignable to third parties. B.G.I. Investments (1961) Ltd (TASE:BGI) holds 20.01% stake in Emblaze. Piers Coombs, Tim Redfern and Kit Stephenson of Canaccord Genuity Ltd acted as financial advisor to Emblaze Ltd. The conversions is done from www.oanda.com as of August 15, 2013.

B.G.I. Investments (1961) Ltd (TASE:BGI) completed the acquisition of 16.04% stake in Emblaze Ltd. (LSE:BLZ) from Fortissimo Capital and Naftali Shani on August 14, 2013.