Global City Holdings
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10

Apr

Change in the shareholding level

The Board of Directors of Global City Holdings N.V., a company duly organized and existing under the laws of the Netherlands, with its registered office in Amsterdam, the Netherlands (the “Company”), hereby announces that on the date of this current report, the Company received the following notification from I.T. International Theatres Ltd., Israel Theatre Ltd., Near East Finance Corporation Ltd., D.K.G Investments Company Ltd., Mr Moshe Greidinger and Mr Israel Greidinger:

“Acting on the basis of Article 69.2.2 of the Act of 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws of 2005, No. 183, Item 1538), we hereby announce that, in connection with the settlement on 10 April 2014 of the transactions involving the purchase by the Company of 2,370,724 ordinary bearer shares in Global City Holdings N.V. (the “Company”) executed on 7 April 2014 in the course of the public tender offer to subscribe for the sale of the Company’s own shares announced on 28 February 2014, the overall number of votes in the Company held by the entities which are making this notification in the total number of votes in the Company increased by 4.63% of the total number of votes.

Prior to the settlement of the above-mentioned transactions:

  1. I.T. International Theatres Ltd. directly held 27,589,996 shares in the Company entitling their holder to exercise 27,589,996 votes at the General Meeting of the Company, which represent a 53.89% stake in the Company’s share capital and 53.89% of the total number of votes at the General Meeting of the Company;
  2. Israel Theatre Ltd., directly held 137,905 shares in the Company entitling their holder to exercise 137,905 votes at the General Meeting of the Company, which represent a 0.27% stake in the Company’s share capital and 0.27% of the total number of votes at the General Meeting of the Company, and, as the dominant entity of I.T. International Theatres Ltd indirectly held 27,589,996 shares in the Company entitling their holder to exercise 27,589,996 votes at the General Meeting of the Company, which represent a 53.89% stake in the Company’s share capital and 53.89% of the total number of votes at the General Meeting of the Company;
  3. Near East Finance Corporation Ltd., as the dominant entity of Israel Theatre Ltd., indirectly held 27,727,901 shares in the Company entitling their holder to exercise 27,727,901 votes at the General Meeting of the Company, which represent a 54.16% stake in the Company’s share capital and 54.16% of the total number of votes at the General Meeting of the Company;
  4. D.K.G Investments Company Ltd., as the dominant entity of Near East Finance Corporation Ltd. indirectly held 27,727,901 shares in the Company entitling their holder to exercise 27,727,901 votes at the General Meeting of the Company, which represent a 54.16% stake in the Company’s share capital and 54.16% of the total number of votes at the General Meeting of the Company; and
  5. Messrs. Moshe Greidinger and Israel Greidinger, as the joint dominant entities of D.K.G Investments Company Ltd. indirectly held 27,727,901 shares in the Company entitling their holder to exercise 27,727,901 votes at the General Meeting of the Company, which represent a 54.16% stake in the Company’s share capital and 54.16% of the total number of votes at the General Meeting of the Company.

After the settlement of the transactions:

  1. I.T. International Theatres Ltd. directly holds 27,589,996 Shares, entitling their holder to exercise 27,589,996 votes at the General Meeting of the Company, which represent a 53.89% stake in the Company’s share capital and 53.89% of the total number of votes at the General Meeting of the Company and, as the dominant entity of the Company, indirectly holds 2,370,724 Company’s own shares purchased by the Company and representing an entitlement to exercise 2,370,724 votes at the General Meeting of the Company, which represent a 4.63% stake in the Company’s share capital and 4.63% of the total number of votes at the General Meeting of the Company;
  2. Israel Theatre Ltd., directly holds 137,905 Shares, entitling their holder to exercise 137,905 votes at the General Meeting of the Company, which represent a 0.27% stake in the Company’s share capital and 0.27% of the total number of votes at the General Meeting of the Company, and, as the dominant entity of I.T. International Theatres Ltd., indirectly holds 27,589,996 Shares, entitling their holder to exercise 27,589,996 votes at the General Meeting of the Company, which represent a 53. 89% stake in the Company’s share capital and 53.89% of the total number of votes at the General Meeting of the Company, as well as indirectly holding 2,370,724 Company’s own shares purchased by the Company and representing an entitlement to exercise 2,370,724 votes at the General Meeting of the Company, which represent a 4.63% stake in the Company’s share capital and 4.63% of the total number of votes at the General Meeting of the Company;
  3. Near East Finance Corporation Ltd., as the dominant entity of Israel Theatre Ltd., indirectly holds 27,727,901 Shares, entitling their holder to exercise 27,727,901 votes at the General Meeting of the Company, which represent a 54.16% stake in the Company’s share capital and 54.16% of the total number of votes at the General Meeting of the Company, as well as indirectly holding 2,370,724 Company’s own shares purchased by the Company and representing an entitlement to exercise 2,370,724 votes at the General Meeting of the Company, which represent a 4.63% stake in the Company’s share capital and 4.63% of the total number of votes at the General Meeting of the Company;
  4. D.K.G Investments Company Ltd., as the dominant entity of Near East Finance Corporation Ltd. indirectly holds 27,727,901 Shares, entitling their holder to exercise 27,727,901 votes at the General Meeting of the Company, which represent a 54.16% stake in the Company’s share capital and 54.16% of the total number of votes at the General Meeting of the Company, as well as indirectly holding 2,370,724 Company’s own shares purchased by the Company and representing an entitlement to exercise 2,370,724 votes at the General Meeting of the Company, which represent a 4.63% stake in the Company’s share capital and 4.63% of the total number of votes at the General Meeting of the Company; and
  5. Messrs. Moshe Greidinger and Israel Greidinger, as the joint dominant entities of D.K.G Investments Company Ltd. indirectly hold 27,727,901 Shares, entitling their holder to exercise 27,727,901 votes at the General Meeting of the Company, which represent a 54.16% stake in the Company’s share capital and 54.16% of the total number of votes at the General Meeting of the Company, as well as indirectly holding 2,370,724 Company’s own shares purchased by the Company and representing an entitlement to exercise 2,370,724 votes at the General Meeting of the Company, which represent a 4.63% stake in the Company’s share capital and 4.63% of the total number of votes at the General Meeting of the Company.

Based on Article 118:7 of the Dutch Civil Code, the Company cannot vote any of the shares held thereby in its share capital.”