Israel Top Image Tender

TEL AVIV Israel and PLANO Top Image Systems Ltd. the Company or Top Image Systems announced the closing of its acquisition by Kofax a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end processes and a portfolio company of Thoma Bravo a leading private equity investment firm.Under the terms of the agreement Top Image Systems shareholders will receive merger consideration in the amount of 0.86 in cash for each share of Top Image Systems ordinary stock they hold without interest and subject to any applicable withholding taxes or other amounts required to be withheld therefrom under applicable law. American Stock Transfer Trust Company has been appointed as paying agent in connection with the merger and will be mailing a letter of transmittal to all Top Image Systems shareholders of record within two business days. The letter of transmittal will instruct shareholders on how to surrender their shares of Top Image Systems ordinary shares in exchange for the merger consideration.The transaction was announced on February 4 2019 and received approval from Top Image Systems shareholders on April 4 2019. As a result of the completion of the transaction shares of Top Image Systems ordinary stock were removed from listing on the NASDAQ Stock Exchange NASADAQ with trading in Top Image Systems shares suspended prior to the opening of business .