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Emblaze president lifts stake

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Date: Monday 08 Oct 2007

LONDON (ShareCast) - Eli Reifman, president of Emblaze, has increased his stake in the Israeli tech firm to 15.4%, spending almost £11.4m.

Reifman bought 7.6m shares at 150p per share, taking his holding in the group to 17.1m shares.

Last week, Emblaze announced that its Emblaze Mobile unit has won a deal with Sharp and Access for the development of its next generation mobile device, but did not comment on any financial details of the deal.

“This landmark agreement with Sharp and Access represents a significant progress in joining forces with some of the strongest mobile players in the world,” said chief executive Guy Bernstein last Monday.


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