Alroy Lawsuit against the Company deleted by the Tel Aviv District Court

A Judgement by default granted against Mrs. Cai Mengke and Himalaya Asset Management Limited (declaring them controlling shareholders of the Company at the time the lawsuit was filed)
Tel Aviv / Zurich, 19 October 2017 – SHL Telemedicine Ltd. (SIX Swiss Exchange: SHLTN, OTCPK: SMDCY) (“SHL”), a leading provider and developer of advanced personal telemedicine solutions, today announced that in the lawsuit filed in January 2017 by a group of shareholders of the Company, represented by Yariv Alroy, against, inter alia, SHL and two of its then major shareholders – Mrs. Cai Mengke, and Himalaya Asset Management Limited (Himalaya) – on 18 October 2017, the Tel Aviv district court gave a judgement by default against Mrs. Cai Mengke and Himalaya (i.e. following said parties’ failure to plead or otherwise defend), thus declaring that said shareholders were controlling shareholders of the Company at the time the lawsuit was filed (January 12, 2017). The lawsuit against the Company was deleted with no expenses and the court further declared that the judgement does not raise claims against resolutions adopted by the Company following said date. For more information Click here