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RNS Number : 9233N

Trendit Limited

03 February 2016

A shareholders rights agreement was entered into between Eran Romano, Shalom Dana and the Capital Partners (being Joshua Rurka, Udi Ginati and Nisan Zelayt) on 29 December 2015, becoming effective upon the issuance of shares to Romano and Shalom Dana (together the "Investor").

It was agreed that for as long as the Investor holds at least 10% of the issued share capital that the Capital Partners would vote for the appointment of one director appointed by the Investor to the Board of Directors.

The parties agreed on a right of first offer mechanism whereby they offer each other the right to purchase shares in the event that either party wishes to sell shares and only thereafter are they permitted to sell shares on the market. The offer period is five days for non-stock market transactions and two days for on-market transactions.

Tag-along rights are also agreed between the parties.

It was agreed that the parties would co-operate and try as far as is reasonable to reach a unified position with respect to voting intentions on principal issues at each shareholders meeting.

It was agreed that, should it be commercially reasonable for the company to do so, that it should attempt to distribute 50% of its profits available for distribution as dividend payments each year.

The term of the agreement is 7 years from Closing.

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRSSFSADFMSELE

(END) Dow Jones Newswires

February 03, 2016 03:42 ET (08:42 GMT)

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