April 1, 2019

mict


   MICT Reports Financial Results for the Year Ended December 31, 2018

- Acquisition agreement between BNN, MICT, and other parties is on track, with BNN having extended its tender offer for MICT common stock priced at $1.65 per share through April 8, 2019 - Conference call scheduled for today, April 1 at 9:00 a.m. EDT

Montvale, NJ – April 1, 2019 - MICT, Inc. (Nasdaq: MICT,  announced today financial results for the year ended December 31, 2018.

“The transactions contemplated by the acquisition agreement entered into among MICT, BNN Technology PLC, or BNN, ParagonEx, Ltd., and other third parties is currently proceeding, and the acquisition agreement contemplates the proposed business combination shall close on or before May 15, 2019. BNN has extended the expiration date of its tender offer to purchase up to 1,953,423 shares of MICT’s common stock from our current shareholders at $1.65 per share until April 8, 2019. We believe that the transactions contemplated by the acquisition agreement, including the business combination, if completed, will create substantial value for MICT shareholders, while also benefitting our merger partners. Meanwhile, MICT continues to maintain a 39.53% stake in Micronet Ltd.,” stated David Lucatz, Chief Executive Officer of MICT.

 

Read More...

 

Contact information:

Tel: (201) 225-0190

info@mict-inc.com

 


Copyright MICT Inc. 2018