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Tefron major shareholders sell shares

10
May '06
Seamless intimate apparel retailer Tefron Ltd announced that it had been informed that Tefron's major shareholders, Norfet Limited Partnership (which is controlled by FIMI Opportunity Fund LP and by FIMI Israel Opportunity Fund LP) and Macpell Industries Ltd, and Tefron's CEO, Yos Shiran, had sold an aggregate of 2 million of their ordinary shares to Clal Finance Bitucha Ltd for a price of NIS 53.34 (approx. $12) per share.

Of the 2 million shares sold, 1,050,000 shares were sold by Norfet Limited Partnership, 800,000 shares were sold by Macpell Industries Ltd and 150,000 shares were sold by Yos Shiran following his exercise of 150,000 options to acquire shares.

Tefron manufactures boutique-quality everyday seamless intimate apparel, active wear and swim wear sold throughout the world by such name-brand marketers as Victoria's Secret, Nike, The Gap, Banana Republic, Target, Warnaco/Calvin Klein, Patagonia, Reebok and El Corte Englese, as well as other well known retailers and designer labels.

Tefron Ltd


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