Thorpez will pay NIS 16 million, this is the company it will buy

The purchase agreement includes an option in respect of the balance of shares in Elirom by Thorpez, which can be exercised from a period of 4 years after the date of completion of the transaction, at a price based on the business performance of Thorpez’s consolidated activities in Israel. A period of 12 months.

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The option will be paid in cash or alternatively, in exchange for Thorpez shares that will be allotted to the sellers according to their average price in the 30 days prior to the date of the exercise notice, depending on the sellers’ choice on the exercise date of the option.