|
|
Article: ICTS International N.V. Change of Control to Conform to Transportation Security Administration Requirements.
- Article from:
- Business Wire
- Article date:
- September 5, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
NEW YORK--(BUSINESS WIRE)--Sept. 5, 2002
ICTS International N.V. (NASDAQ:ICTS) today reported that Mr. Ezra Harel, the Chairman of the Board of the Company and a United States citizen, has acquired through a wholly owned Delaware corporation approximately 3,842,190 shares of the Company's common stock at a price of $9.00 per share from various foreign stockholders.
Included in this group are the shares owned by Mr. Lior Zouker, the President of the Company. This brings Mr. Harel's ownership in the Company with his present holdings to approximately 64.5% of the Company.
The primary purpose of this acquisition was to ...