News Column

QUEENCO LEISURE INTERNATIONAL LTD - Private Placements

June 12, 2014



12 June 2014 Agreements to Invest in QLI Queenco Leisure International Ltd. (the "Company" or "QLI"), the emerging markets entertainment center and casino developer and operator, today announces that it has entered into several share purchase agreements with non-affiliated investors (the "Investors"), pursuant to which the Company shall issue to the Investors a total of 29,415,530 shares of the Company (the "Issued Shares") in consideration for a price per share of NIS 0.136 (approximately Euro 0.029), provided the Company's general meeting of shareholders, which was convened for 23 June 2014, shall approve the par value decrease of the Company's shares. If the investments are consummated, the total consideration to QLI shall amount to NIS 4 million (approximately Euro 0.85 million). The Issued Shares shall constitute approximately 2.61% of the Company's share capital after the issuance. These issuances reflect a Company's pre-money valuation of NIS 150 million (approximately Euro 32 million). Set forth below are the holding percentages of QLI's share capital before and after the contemplated issuances: Name of Shareholder Percentage of Holdings in QLI's Share Capital Before the Issuance After the Issuance (Y.Z.) Queenco Ltd. 21.53% 20.97% Shahar Hamillennium 15.72% 15.31% (1991) Ltd. Yigal Muli Tourism Ltd. 5.15% 5.01% Asyv Hotels Ltd 33.56% 32.69% Public 24.04% 26.02% Queenco Leisure International Ltd. For further information about the Company please visit www.queenco.comor contact: Queenco Leisure International Ltd. Yariv Lerner, Chief Executive Officer T: +972 3 7566 555 ??' ???? ???? 11 ???? 30 ??? ??, ????? FLOOR RAMAT-GAN, ISRAEL 11 MENAHEM BEGIN ST. 30



??: 03-7566555 ???: 03-7566500 TEL: 972-3-7566555 FAX: 972-3-7566500


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Source: PR Newswire (UK Disclosure)


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