POINTER TELOCATION plan to spinoff SHAGRIR GROUP VEHICLE SERVICES

Pointer Telocation Ltd. (Nasdaq Capital Market: PNTR) a leading developer, manufacturer and operator of Mobile Resource Management (MRM), today announced that it has filed an information statement with the United States Securities and Exchange Commission (“SEC”) in connection with its contemplated spin-off of Shagrir Group Vehicle Services Ltd. (“Shagrir”). The information statement contains information regarding Shagrir, including a free translation of the Hebrew language prospectus filed by Shagrir in Israel for the listing of the Shagrir ordinary shares on the Tel Aviv Stock Exchange. Read more…

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