Cimatron Announces Pricing of Secondary Public Offering of Ordinary Shares

  Cimatron Announces Pricing of Secondary Public Offering of Ordinary Shares

Tuesday, May 21, 2013 12:30:00 PM (GMT)

PR Newswire

GIVAT SHMUEL, Israel, May 21, 2013

GIVAT SHMUEL, Israel, May 21, 2013 /PRNewswire/ --

Cimatron Limited (NASDAQ: CIMT), a leading provider of integrated CAD/CAM
software solutions for the toolmaking and manufacturing industries, today
announced that certain of its shareholders have priced an underwritten public
offering for an aggregate of 2,183,303 of its ordinary shares at a price to
the public of $6.25 per share. The selling shareholders have also granted to
the underwriter a 30-day option to purchase, at the same price per share as
the underwriters will pay for the initial shares, an additional 327,494
ordinary shares to cover over-allotments in connection with the offering.
Cimatron will not receive any proceeds from the sale of the ordinary shares by
the selling shareholders.

The offering is expected to close on Friday, May 24, 2013, subject to
customary closing conditions. Roth Capital Partners, LLC is acting as the sole
manager for the offering.

The selling shareholders in the current offering had offered and sold Cimatron
ordinary shares in an underwritten public offering in March 2013, with Roth
Capital Partners, LLC having acted as the sole manager of that offering as
well. 

The shares being offered by the selling shareholders currently are being
offered pursuant to a registration statement previously filed with and
subsequently declared effective by the Securities and Exchange Commission. A
preliminary prospectus supplement relating to the offering was filed with the
SEC on May 20, 2013 and is available on the SEC's website at
http://www.sec.gov. A final prospectus supplement relating to the offering
will be filed with the SEC and will be available on the SEC's website at
http://www.sec.gov. Copies of the prospectus supplement and accompanying base
prospectus relating to this offering may be obtained, when available, from
Roth Capital Partners, LLC, 888 San Clemente Drive, Newport Beach, CA 92660,
800-678-9147.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy any of the securities described herein, nor shall there by any
sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such state or jurisdiction.

About Cimatron

With 30 years of experience and more than 40,000 installations worldwide,
Cimatron is a leading provider of integrated, CAD/CAM software solutions for
mold, tool and die makers as well as manufacturers of discrete parts. Cimatron
is committed to providing comprehensive, cost-effective solutions that
streamline manufacturing cycles and ultimately shorten product delivery time.

The Cimatron product line includes the CimatronE and GibbsCAM brands with
software solutions for mold design, die design, electrode design, 2.5 to 5
Axis milling, wire EDM, turn, Mill-turn, rotary milling, multi-task machining,
and tombstone machining. Cimatron's subsidiaries and extensive distribution
network serve and support customers in the automotive, aerospace, medical,
consumer plastics, electronics, and other industries in over 40 countries
worldwide.

Safe Harbor Statement

This press release includes forward looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995,regarding the public
offering and the anticipated closing and timing of the closing.These
forward-looking statements are subject to risks and uncertainties that may
cause actual results to differ materiallyfrom those anticipated. Such
statements relate to, among other things, the anticipated satisfaction of the
conditions to closing of the offering, market conditions, and risks related to
Cimatron's plans, objectives and expected financial and operating results.
Investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties, many of
which are beyond Cimatron's ability to control. For more details about the
risks and uncertainties related to Cimatron's business, refer to Cimatron's
filings with the Securities and Exchange Commission. Cimatron undertakes no
obligation to publicly update or revise any forward looking statements,
whether as a result of new information, future events or otherwise.

For More Information Contact:

Ilan Erez
Chief Financial Officer
Cimatron Ltd.  
Phone: +972-73-237-0114
Email: ilane@cimatron.com

Investor Relations contact
Ehud Helft/Kenny Gree
CCG Investor Relation
Tel: (US) +1-646-201-9246
E-mail: Cimatron@ccgisrael.com

SOURCE Cimatron Ltd