38
Sarine Technologies Ltd. • Annual Report
2014
Directors’ report
2
Avraham Eshed is deemed a shareholder of the Company by virtue of his indirect ownership through Gemstar, Ltd. of 14,581,772
shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians, 187,500 shares held on his
behalf by Eyal Khayat, Option Plan 2005 trustee, through UOB Kay Hian Pte. Ltd., pursuant to the Plan, and by virtue of his indirect
ownership of 178,750 shares held on his behalf by Union Bank of Israel Ltd.
3
Ehud Harel is deemed a shareholder of the Company by virtue of his indirect ownership through Hargem, Ltd. of 25,458,848 shares
held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians and, by virtue of his indirect ownership
of 187,500 shares held on his behalf by Eyal Khayat, Option Plan 2005 trustee, through UOB Kay Hian Pte. Ltd., pursuant to the Plan.
4
Uzi Levami is deemed a shareholder of the Company by virtue of his indirect ownership through U. Levami Holdings, Ltd. of
11,472,906 shares held on his behalf by Bank Hapoalim (Israel) through HSBC Singapore custodians and by virtue of his indirect
ownership of 612,500 shares held on his behalf by Eyal Khayat, Option Plan 2005 trustee, through UOB Kay Hian Pte. Ltd., pursuant
to the Plan.
5
Chan Kam Loon is deemed a shareholder of the Company by virtue of his direct holdings of 539,000 shares and by virtue of the direct
holdings of his wife (Au Yin Ling Patricia) of 24,000 shares.
6
Eyal Mashiah is deemed a shareholder of the Company by virtue of his indirect ownership through Ramgem, Ltd. of 15,600,096
shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians and by his indirect ownership of
625,000 shares held on his behalf by Bank Leumi Ltd.
7
Valerie Ong Choo Lin is deemed a shareholder of the Company by virtue of her indirect ownership of 575,000 shares held on her
behalf by Bank of Singapore Nominees Pte Ltd.
8
Hanoh Stark is deemed a shareholder of the Company by virtue of his indirect ownership through Stark Hanoh Holdings, Ltd. of
24,440,524 shares held on his behalf by the Israel Discount Bank through Citibank N.A. Singapore custodians.
* In January 2015 (prior to 21 January, 2015) Sarin Research and Development Ltd. and Interhightech (1982) Ltd. transferred all their
holdings in the Company to their respective shareholders, including the aforementioned directors. Following such transfer neither
Sarin Research and Development Ltd., nor Interhightech (1982) Ltd. hold any shares in the Company, and therefore, the deemed
shareholdings of the aforementioned directors were reduced accordingly. It is emphasized, however, that no change in the directors’
beneficial holdings of Company shares was effected as a result of such transfers. Please refer to the Company announcement of
19 January 2015 in this regard for further information regarding the divestment of Sarin Research and Development Ltd. and
Interhightech (1982) Ltd. of their shares as noted.
Shareholdings in which the director is deemed to have an interest*
Related Corporations
As at 1
January 2014
As at 31
December 2014
As at 21
January 2015
Sarin Research and Development Ltd.
Ordinary Shares of NIS 0.01 par value each. Fully paid up
Hanoh Stark (Shares registered in the name of
Hanoh Stark Holdings Ltd.)
32,689
32,689
32,689
Ehud Harel (Shares registered in the name of Hargem Ltd.)
34,051
34,051
34,051
Eyal Mashiah (Shares registered in the name of Ramgem Ltd.)
19,522
19,522
19,522
Avraham Eshed (Shares registered in the name of Gemstar Ltd.)
18,160
18,160
18,160
Interhightech (1982) Ltd.
Ordinary Shares of NIS 0.01 par value each. Fully paid up
Daniel Benjamin Glinert (Shares registered in the name of
Glinert Projects Initiation and Execution, Ltd.)
9,893
9,893
9,893
Uzi Levami (Shares registered in the name of
U. Levami Holdings Ltd.)
9,893
9,893
9,893
* As noted above, as of 21 January, 2015, neither Sarin Research and Development Ltd., nor Interhightech (1982) Ltd.
hold any shares of the Company. The data specified in this table is therefore applicable solely with regard to the
period preceding such date.
