The bank bought 1,386,585 shares at NIS 28.88 per share for NIS 40 million, giving it a 5.03% stake in the company.
Kamada Ltd. (TASE: KMDA) today notified the TASE that Barclays Bank plc (LSE: BARC) became a party at interest in the company on March 21. The bank bought 1,386,585 shares at NIS 28.88 per share for NIS 40 million, giving it a 5.03% stake in the company (4.26% fully diluted).
Kamada CFO Eyal Leibovitz told "Globes", "I have no way of knowing who has become a party at interest if it does not notify me. Furthermore, this was an off-floor transaction."
Kamada's spokesman said, "This is a vote of confidence by foreign investors in the company. It seems that the notice was delayed because the bank bought the shares on behalf of other parties, a procedure that takes time."
Kamada's share price rose 3.1% today to NIS 29.79, giving a market cap of NIS 796 million.
Published by Globes [online], Israel business news - www.globes-online.com - on May 22, 2011
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