Camtek announces filing of registration statement

Camtek Ltd. has announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission for an offering of a total of 8.5 million of its ordinary shares, subject to market conditions and corporate approvals. The offering will consist of 5 million shares to be offered by Camtek and 3.5 million shares to be offered by Priortech Ltd., Camtek's principal shareholder. An additional 1.275 million ordinary shares are subject to an over-allotment option granted by Camtek and Priortech, on a pro rata basis, to the underwriters. Following the offering, Priortech's ownership interest in Camtek will be reduced from 77.8% to 54.7% (or to 51.9% if the underwriters' overallotment option is exercised in full).The purposes of this offering are to raise capital to support the expansion of Camtek's business and to expand its shareholder base, as well as for working capital and general corporate purposes. CIBC World Markets, HSBC and RBC Capital Markets will serve as underwriters for the offering.Source: PCBnewsline