MP MENASHE, Israel--(BUSINESS WIRE)--
Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE), a leading manufacturer of high
quality engineered quartz surfaces, announced today that its
shareholder, Kibbutz Sdot-Yam, is offering for sale 5,500,000 ordinary
shares of the company in an underwritten public offering. The
underwriters will be granted a 30-day option to purchase up to 825,000
additional ordinary shares from the selling shareholder. Caesarstone
will not receive any proceeds from the offering.
J.P. Morgan Securities LLC and Barclays Capital Inc. are acting as joint
bookrunning managers and representatives for the proposed offering.
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and UBS
Securities LLC are additional bookrunners for the proposed offering and
Stifel is the co-manager for the proposed offering.
An automatic shelf registration statement (including a prospectus)
relating to these securities was filed today by Caesarstone with the
SEC. Such Registration Statement became automatically effective upon
filing with the SEC. A copy of the prospectus supplement and base
prospectus relating to the offering may be obtained by contacting: J.P.
Morgan Securities LLC, via telephone at (866) 803-9204 or by mail at
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New
York 11717; or Barclays Capital Inc., via telephone at (888) 603-5847,
by mail at c/o Barclays Capital Inc. at Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717 or barclaysprospectus@broadridge.com.
Before you invest, you should read these documents and other documents
filed by Caesarstone with the SEC for more complete information. You may
obtain these documents free of charge by visiting the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Caesarstone
Caesarstone manufactures high quality engineered quartz surfaces, which
are used in both residential and commercial buildings as countertops,
vanities, wall cladding, floors and other interior surfaces. The wide
variety of colors, styles, designs and textures of Caesarstone®
products, along with Caesarstone's inherent characteristics such as
hardness, non-porous, scratch and stain resistance and durability,
provide consumers with excellent surfaces for their internal spaces
which are highly competitive to granite, manufactured solid surfaces and
laminate, as well as to other engineered quartz surfaces. Caesarstone's
four collections of products — Classico, Supremo, Motivo and Concetto —
are available in over 50 countries around the world. (CSTE-E)
Investor Relations:
ICR, Inc.
James Palczynski,
Partner, +1 (203) 682-8229
Source: Caesarstone Sdot-Yam Ltd.
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