Inrom Construction Industries Ltd announced that it expects to receive ILS 225.000002 million in funding
February 31, 2024
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Inrom Construction Industries Ltd announces private placement of 20,642,202 ordinary shares at an issue price of ILS 10.90 per share for gross proceeds of ILS 225,000,001.8 on February 1, 2024. The transaction is subject to approval from the Tel Aviv Stock Exchange Ltd. The transaction will include participation from Mor Group for 9,633,026 shares, Investments Altshuler Shaham Gemal and Pension Ltd for 3,319,266 shares, Alpha Value Ltd. for 2,359,645 shares, Clal Insurance Company Ltd. for 2,000,000 shares, Yelin
Group for 733,944 shares, Lapidot AS Bartman Investments Ltd for 600,000 shares, Orcom Strategies Ltd for 500,000 shares, Pontifex Fund Opportunities Limited Partnership for 450,000 shares, VERTICAL for 334,000 shares, The Phoenix Insurance Company Ltd. for 293,578 shares, Arbitrage Global LP for 126,000 shares, Alfie Bandek Investment Portfolio Management Ltd for 110,000 shares, Magdalor Hedging Fund Opportunities Limited for 91,000 shares, Partnership Menorah Mivathim Insurance Ltd. for 79,743 shares and keeper for 12,000 shares.
Inrom Construction Industries Ltd is an Israel-based company engaged in servicing the construction sector. The Company operates in three segments: Building Solutions, engaged in the manufacture, sale and marketing of products and solutions for construction and environmental development, including blocks products, internal partitions, reinforced (Itung) boards, concrete products, (Terrazzo) flooring and paving stones, among others; Construction Finishing Materials - which focuses on the manufacture, sale and marketing of construction materials for various purposes, including plaster, adhesives, mortar, rifle, sealants, additives and related tools, among others, as well as Color Products, engaged in the manufacture, sale and marketing of a number of colors, color bedding products, coatings and products sealing for a number of uses mainly for construction and industry.