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Prospect News home > News index > List of issuers T > Headlines for Top Image Systems, Ltd. > News item
Published on 8/15/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Top Image to buy back some of its convertibles for NIS 5 million

By Melissa Kory

Cleveland, Aug. 15 - Top Image Systems, Ltd. said that its board of directors approved the payment of up to NIS 5 million to repurchase outstanding series A convertible debentures.

The debentures were issued on Dec. 18, 2006 on the Tel Aviv Stock Exchange.

The repurchases may be in open market transactions, privately negotiated transactions or a combination of the two.

Top Image is a Tel Aviv-based producer of content management software.


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