CUSIP No. M75253100
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Page 2 of 6 Pages
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1. |
NAME OF REPORTING PERSON
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2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) x
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3. |
SEC Use Only
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4. |
SOURCE OF FUNDS
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5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
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6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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7. |
SOLE VOTING POWER
0
|
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8. |
SHARED VOTING POWER
2,568,658
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9. |
SOLE DISPOSITIVE POWER
0
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10. |
SHARED DISPOSITIVE POWER
2,568,658
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11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,568,658
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12. |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
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13. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.17%
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14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CUSIP No. M75253100
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Page 3 of 6 Pages
|
1. |
NAME OF REPORTING PERSON
|
||
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) x
|
||
3. |
SEC Use Only
|
||
4. |
SOURCE OF FUNDS
|
||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
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6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7. |
SOLE VOTING POWER
|
|
8. |
SHARED VOTING POWER
2,568,658
|
||
9. |
SOLE DISPOSITIVE POWER
|
||
10. |
SHARED DISPOSITIVE POWER
2,568,658
|
||
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,568,658
|
||
12. |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
|
||
13. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.17%
|
||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CUSIP No. M75253100
|
Page 4 of 6 Pages
|
1. |
NAME OF REPORTING PERSON
|
||
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) x
|
||
3. |
SEC Use Only
|
||
4. |
SOURCE OF FUNDS
|
||
5. |
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
¨
|
||
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
|
7. |
SOLE VOTING POWER
0
|
|
8. |
SHARED VOTING POWER
2,568,658
|
||
9. |
SOLE DISPOSITIVE POWER
0
|
||
10. |
SHARED DISPOSITIVE POWER
2,568,658
|
||
11. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,568,658
|
||
12. |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
¨
|
||
13. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.17%
|
||
14. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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Page 5 of 6 Pages
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Dated: 12 June 2014
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Ion Asset Management Ltd.
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By:
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/s/ Jonathan Half /s/ Stephen Levey | |
Jonathan Half Stephen Levey
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Director Director |
Dated: 12 June 2014
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By:
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/s/ Jonathan Half | |
Jonathan Half
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Dated: 12 June 2014
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By:
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/s/ Stephen Levey | |
Stephen Levey
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I.
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In accordance with Section 66(b) of the Israel Companies Law 1999 and Article 68(g) of the Company's Articles of Association, we hereby provide notice of the nomination of Gabi Seligsohn, Ronnie KennethAlan Gelman, Tsipi Kagan, and Jonathan Kolodny to serve on the Board of Directors (biographical summaries, declarations, resumes, questionnaires and consents from such nominees are attached hereto as Appendix B). Accordingly, you are hereby requested to:
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A.
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Amend the resolutions proposed in Items 1 and 2 (Election of Directors) of the notice and agenda of the Annual General Meeting of Shareholders scheduled for July 10, 2014, as follows (deleted language is crossed out and new language is underlined):
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1.(a)
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The Class I Director, Yochai Richter, be, and he hereby is, re-elected for a term of approximately three years expiring at the end of the annual general meeting of shareholders to be held in 2017 and when his successor has been duly elected;
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(b)
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The Class I Director, Eliezer Tokman, be, and he hereby is, re-elected for a term of approximately three years expiring at the end of the annual general meeting of shareholders to be held in 2017 and when his successor has been duly elected;
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(c)
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Gabi Seligsohn;
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(d)
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Ronnie KennethAlan Gelman;
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2.(a)
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The external director Michael Anghel, be, and he hereby is, re-elected as an external director as defined in the Israeli Companies Law, 5759-1999, for a term of three years, and that his remuneration and benefits as presented in the Company’s Proxy Statement for its 2014 Annual General Meeting of Shareholders be ratified and approved;
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(b)
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Joseph Tenne be, and he hereby is, elected as an external director as defined in the Israeli Companies Law, 5759-1999, for a term of three years, and that his remuneration and benefits as presented in the Company’s Proxy Statement for its 2014 Annual General Meeting of Shareholders be ratified and approved;
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(c)
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Tsipi Kagan;
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(d)
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Jonathan Kolodny.”
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B.
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Make corresponding changes in the Proxy Statement and Proxy Card to effectuate the above requests, including but not limited to amendment to Items 1 and 2 on the Proxy Card substantially as provided in Appendix C and inclusion in the Proxy Statement of the biographical summaries provided in Appendix B.
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II.
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In accordance with Section 66(b) of the Israel Companies Law 1999, you are hereby requested to:
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A.
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Include an additional Item on the notice and agenda of the Annual General Meeting of Shareholders scheduled for July 10, 2014 asking shareholders of the Company to approve amendments to the Articles of Association to eliminate provisions which provide for a staggered board and, instead, to provide that all Directors, other than External Directors, will be elected or re-elected annually at the Company's Annual General Meeting, as follows:
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1.
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Revise Article 68(d) of the Company's Articles of Association, as follows (deleted language is crossed out and new language is underlined):
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2.
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Revise Article 68(f) of the Company's Articles of Association as follows (deleted language is crossed out and new language is underlined):
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3.
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Delete Article 68(h)(ii) of the Company's Articles of Association in its entirety, as follows (deleted language is crossed out):
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4.
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Upon adoption of this resolution, the terms of all Directors (except for External Directors whose term shall be determined in accordance with applicable law) shall expire at the next Annual General Meeting and when his successor has been duly elected.
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B.
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Make corresponding changes in the Proxy Card and the Proxy Statement to effectuate the above requests, including but not limited to amendment to the Proxy Card by providing for a new Item 3 substantially as provided in Appendix C and inclusion of the following language describing this proposal in the Proxy Statement (new language is underlined):
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III.
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In accordance with Section 66(b) of the Israel Companies Law 1999, you are hereby requested to:
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A.
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Include an additional Item on the notice and agenda of the Annual General Meeting of Shareholders scheduled for July 10, 2014 asking shareholders to amend the Company's Articles of Association to provide for a permanent committee of the Board of Directors to consider capital allocation issues, as follows:
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1.
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Adopt Article 81(c) as a new article to appear in the Company's Articles of Association as follows (new language is underlined):
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B.
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Make corresponding changes in the Proxy Card and the Proxy Statement to effectuate the above requests, including but not limited to amendment to the Proxy Card by providing for a new Item 4 substantially as provided in Appendix C and inclusion of the following language describing this proposal in the Proxy Statement (new language is underlined):
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Appendix C
Proxy Card
GO GREEN
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0 ¢
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ORBOTECH LTD.
THIS PROXY SOLICITED BY THE BOARD OF DIRECTORS
FOR THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
TO BE HELD ON JULY [10], 2014
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes and appoints MR. YOCHAI RICHTER and MR. ASHER LEVY, and each of them, the true and lawful attorneys, agents and proxies of the undersigned, with full power of substitution, to vote with respect to all Ordinary Shares of ORBOTECH LTD. (the “Company”), standing in the name of the undersigned at the close of trading on June 2, 2014, at the 2014 Annual General Meeting of Shareholders of the Company (the “Meeting”) to be held at the Company’s principal offices at 7 Sanhedrin Boulevard, North Industrial Zone, Yavne, Israel, on Thursday, July [10], 2014, at 10:00 a.m., Israel time, and at any and all adjournments thereof, with all the power that the undersigned would possess if personally present and especially (but without limiting the general authorization and power hereby given) to vote as specified on the reverse side:
(Continued and to be signed on the reverse side)
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¢
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14475 ¢
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Discretionary authority is hereby granted with respect to such other matters as may properly come before the Meeting or any adjournment thereof.
The shares represented by this Proxy will be voted in the manner directed and, if no instructions to the contrary are indicated, will be voted “FOR” Proposals 1 - 5 listed herein. Any other matters that may properly come before the Meeting, if any, will be voted by the persons designated as proxies in their judgment.
Notwithstanding the above, please note that pursuant to Israeli law you are requested to indicate, with respect to Proposals 2(A), 2(B), 2(C) and 2(D), on this Proxy, or inform the Company prior to voting at the Meeting thereon, whether or not you are a ‘controlling shareholder’ of the Company and whether or not you have a ‘personal interest’ in the approval of Proposals 2(A), 2(B), 2(C) or 2(D) as a result of a relationship with a ‘controlling shareholder’ of the Company. Otherwise, your vote on Proposals 2(A), 2(B), 2(C) or 2(D) above may not be counted. See Page 2 of the Proxy Statement for more information.
As of the date of the Proxy Statement, the Company is not aware of any ‘controlling shareholders’ as such term is defined for purposes of the Israeli Companies Law, 5759-1999. Therefore, the Company expects that the none of its shareholders are controlling shareholders or have a ‘personal interest’ with respect to Proposals 2(A), 2(B), 2(C) or 2(D) as a result of a relationship with a ‘controlling shareholder’, and accordingly all of its shareholders would indicate NO where asked whether they are ‘controlling shareholders’ or whether they have a ‘personal interest’ with respect to Proposals 2(A), 2(B), 2(C) or 2(D) as a result of a relationship with a ‘controlling shareholder’.
If the undersigned has not indicated otherwise with respect to either of Proposals 2(A), 2(B), 2(C) or 2(D) then, by signing below, the undersigned certifies that the undersigned is not a ‘controlling shareholder’ of the Company and that neither the undersigned nor any of the persons or entities described on Page 2 of the Proxy Statement has a ‘personal interest’ in the relevant proposal as a result of a relationship with a ‘controlling shareholder’ of the Company.
Any and all proxies heretofore given are hereby revoked.
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1. | THE ELECTION OF CLASS I DIRECTORS | ||||
THE NOMINEE AS CLASS I DIRECTOR IS:
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FOR | AGAINST | ABSTAIN | |||
A YOCHAI RICHTER
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o | o | o | |||
THE NOMINEE AS CLASS I DIRECTOR IS:
B ELIEZER TOKMAN
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o | o | o | |||
THE NOMINEE AS CLASS I DIRECTOR IS:
C GABI SELIGSOHN
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o | o | o | |||
THE NOMINEE AS CLASS I DIRECTOR IS:
D ALAN GELMAN
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o | o | o | |||
2. | THE ELECTION OF EXTERNAL DIRECTORS (AND THEIR REMUNERATION AND BENEFITS)
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THE NOMINEE AS EXTERNAL DIRECTOR IS: | FOR | AGAINST | ABSTAIN | |||
A MICHAEL ANGHEL (INCLUDING HIS
REMUNERATION AND BENEFITS)
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o | o | o | |||
YES | NO | |||||
ARE YOU A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY, OR DO YOU, OR ANY OF THE PERSONS OR ENTITIES DESCRIBED ON PAGE 2 OF THE PROXY STATEMENT, HAVE A ‘PERSONAL INTEREST’ IN PROPOSAL 2(A) AS A RESULT OF A RELATIONSHIP WITH A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY?
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o | o | ||||
THE NOMINEE AS EXTERNAL DIRECTOR IS: | FOR | AGAINST | ABSTAIN | |||
B JOSEPH TENNE (INCLUDING HIS
REMUNERATION AND BENEFITS)
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o | o | o | |||
YES | NO | |||||
ARE YOU A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY, OR DO YOU, OR ANY OF THE PERSONS OR ENTITIES DESCRIBED ON PAGE 2 OF THE PROXY STATEMENT, HAVE A ‘PERSONAL INTEREST’ IN PROPOSAL 2(B) AS A RESULT OF A RELATIONSHIP WITH A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY?
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o | o | ||||
THE NOMINEE AS EXTERNAL DIRECTOR IS: | FOR | AGAINST | ABSTAIN | |||
C TSIPI KAGAN (INCLUDING HIS
REMUNERATION AND BENEFITS)
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o | o | o |
YES | NO | |||||
ARE YOU A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY, OR DO YOU, OR ANY OF THE PERSONS OR ENTITIES DESCRIBED ON PAGE 2 OF THE PROXY STATEMENT, HAVE A ‘PERSONAL INTEREST’ IN PROPOSAL 2(C) AS A RESULT OF A RELATIONSHIP WITH A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY?
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o | o | ||||
THE NOMINEE AS EXTERNAL DIRECTOR IS:
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FOR | AGAINST | ABSTAIN | |||
D JONATHAN KOLODNY (INCLUDING HIS
REMUNERATION AND BENEFITS)
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o | o | o | |||
YES | NO | |||||
ARE YOU A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY, OR DO YOU, OR ANY OF THE PERSONS OR ENTITIES DESCRIBED ON PAGE 2 OF THE PROXY STATEMENT, HAVE A ‘PERSONAL INTEREST’ IN PROPOSAL 2(D) AS A RESULT OF A RELATIONSHIP WITH A ‘CONTROLLING SHAREHOLDER’ OF THE COMPANY? | o | o | ||||
FOR | AGAINST | ABSTAIN | ||||
3. | APPROVAL OF AMENDMENTS TO THE COMPANY'S ARTICLES OF ASSOCIATION TO ELIMINATE PROVISIONS WHICH PROVIDE FOR A STAGGERED BOARD AND, INSTEAD, TO PROVIDE THAT ALL DIRECTORS, OTHER THAN EXTERNAL DIRECTORS, WILL BE ELECTED OR REELECTED ANNUALLY AT THE COMPANY'S ANNUAL GENERAL MEETING. | o | o | o | ||
FOR | AGAINST | ABSTAIN | ||||
4. | APPROVAL OF AMENDMENT TO THE COMPANY'S ARTICLES OF ASSOCIATION TO PROVIDE FOR A PERMANENT COMMITTEE OF THE BOARD OF DIRECTORS TO CONSIDER CAPITAL ALLOCATION ISSUES. | o | o | o | ||
FOR | AGAINST | ABSTAIN | ||||
To change the address on your account, please check the box at right and indicate your new address in the address space above. Please note that changes to the registered name(s) on the account may not be submitted via this method. | o | 5. | APPROVAL OF PROPOSAL TO RE-APPOINT KESSELMAN & KESSELMAN AS AUDITORS OF THE COMPANY: | o | o | o |
Signature of Shareholder | Date: | Signature of Shareholder | Date: |
Note:
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Please sign exactly as your name or names appear on this proxy. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. If signer is a partnership, please sign in partnership name by authorized person.
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