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Safe Harbor Statement
Statements concerning Lipman’s business outlook or future economic performance; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are “forward-looking statements” as that term is defined under U.S. Federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to: our dependence on distributors and customers; the competitive market for our products; market acceptance of new products and continuing products; timely product and technology development/upgrades and the ability to manage changing market conditions; manufacturing in Israel; compliance with industry and government standards and regulations; dependence on key personnel; and other factors detailed in Lipman’s filings with the U.S. Securities and Exchange Commission. Lipman assumes no obligation to update the information in this release.xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Date of Incorporation
Lipman (Lipman Electronic Engineering, Ltd.) - established in 1974 and traded on the Tel Aviv Stock Exchange (TASE: LPMA) and the NASDAQ National Market (LPMA) - is a global leader in advanced solutions for the electronic payment industry.
Public Offering
Our ordinary shares began trading on the Tel-Aviv Stock Exchange in May 1993.
In January 2004, we have priced an initial public offering in the United States of 3,000,000 ordinary shares at a price of $41.60 per share. Of the 3,000,000 ordinary shares Lipman sold 2,250,000 shares and certain selling shareholders of Lipman sold 750,000 shares. In addition, Lipman has granted the underwriters a 30 day option to purchase up to 450,000 additional ordinary shares to cover over-allotments.
The offering was managed by Merill Lynch & Co., HSBC Securities (USA) Inc. and Piper Jaffray & Co.
Independent Auditors
Kost, Forer & Gabbay (A Member of Ernst and Young International)
Counsel
In the US: Fulbright & Jaworski L.L.P.
In Israel: Shnitzer, Gotlieb, Sharon & Co. Law Offices
Transfer Agent and Registrar
In the US: American Stock Transfer & Trust Company.
In Israel: Israel Discount Bank Nominees Ltd.
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