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NUR Announces Meeting; Purles Files Compliant For Voting Rights

Monday, October 17, 2005

Press release from the issuing company

LOD, Israel--Oct. 14, 2005-- Dan Purjes filed complaint against NUR - seeking reinstatement of his voting rights NUR Macroprinters Ltd., a leading supplier of wide-format inkjet production printing systems for the out-of-home advertising market, announced today that it will hold an annual and special general meeting of shareholders on October 27, 2005 at 10:00 a.m. Israel time, at the Company's offices located at 12 Abba Hillel Street, Northern Industrial Park, Lod, Israel. At the shareholders meeting, NUR's shareholders will be asked approve, among other matters, the previously announced $12 million investment by a group of investors led by Fortissimo Capital and the debt restructuring agreement among NUR and its three lender banks. These agreements are now subject only to the shareholders' approval and customary closing conditions as detailed in the proxy statement. Shareholders of record as of the close of business on September 23, 2005 are entitled to vote at the shareholders meeting. NUR mailed the notice and proxy statement to the shareholders on or about October 3, 2005. The notice and proxy statement will also be available on NUR's website at www.nur.com as of Sunday, October 16, 2005. NUR also announced that Dan Purjes, NUR's former Chairman and beneficial owner of approximately 36% of NUR's outstanding ordinary shares, filed a complaint against NUR in the Supreme Court, New York County for the reinstatement of his voting rights, the control of which had been granted to NUR pursuant to a voting agreement dated January 23, 2005. Mr. Purjes is seeking a declaratory judgment regarding the invalidity of the voting agreement and a permanent injunction to prevent NUR from taking any action that requires shareholder approval unless Mr. Purjes is permitted to vote his shares. NUR disputes Mr. Purjes's complaint, believes that is without merit and intends to contest the complaint vigorously. NUR intends to take appropriate steps to ensure that the shareholder meeting will take place as scheduled.

 

 

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