Document:

exhibit_4-4.htm

Exhibit 4.4

Magal Security Systems Ltd.

P.O. Box 70, Industrial Zone

Yehud 56100, Israel

[           ]

 

To holders of ordinary shares of Magal Security Systems Ltd.:

 

Enclosed are the prospectus and other materials relating to a Rights Offering by Magal Security Systems Ltd.  Please carefully review the prospectus, which describes how you can participate in the Rights Offering.  You will be able to exercise your subscription rights to purchase additional ordinary shares only during a limited period.  You will find answers to some frequently asked questions about the Rights Offering beginning on page 3 of the prospectus.  You should also refer to the detailed Instructions as to Use of Subscription Certificates, which is attached to this letter.  All exercises of subscription rights are irrevocable.

 

The following is a summary of the terms of the Rights Offering:

 

	
  

	
·

	
You will receive one non-transferable subscription right for every two ordinary shares you hold of record at the close of business on [             ].  We will not issue fractional subscription rights or cash in lieu of fractional subscription rights.  Fractional subscription rights will be rounded down to the nearest whole number.

 

	
  

	
·

	
You may purchase one ordinary share, par value NIS 1.0 of Magal Security Systems Ltd. for each whole subscription right you receive at a subscription price of $[__] per share.

 

	
  

	
·

	
If you exercise in full the subscription rights issued to you, you may subscribe for additional ordinary shares through the oversubscription right, as more fully described in the prospectus.

 

	
  

	
·

	
The Rights Offering will expire at 5:00 p.m., Eastern Time (midnight, Israel time), on [             ].  If you do not exercise your subscription rights before that time, they will expire and will have no monetary value.

 

	
  

	
·

	
You cannot revoke the exercise of either your basic or over-subscription rights.

 

	
  

	
·

	
If your ordinary shares are held in the name of a bank, dealer or other nominee, you must contact your bank, dealer or other nominee if you wish to participate in the Rights Offering.

 

If you have any questions concerning the Rights Offering, please feel free to contact us at +972-3-5391490 or our Information Agent for the rights offering Phoenix Advisory Partners, toll free at (800) 576-4314.

 

	 	Very truly yours, 

MAGAL SECURITY SYSTEMS LTD.exhibit_4-5.htm

Exhibit 4.5

Magal Security Systems Ltd.

P.O. Box 70, Industrial Zone

Yehud 56100, Israel

[           ]

To Securities Dealers, Commercial Banks, Trust Companies, and Other Nominees:

 

This letter is being distributed to securities dealers, commercial banks, trust companies and other nominees in connection with the offering by Magal Security Systems Ltd. (“Magal”) of an aggregate of  5,273,274 ordinary shares, par value NIS 1.0, of Magal (“Ordinary Shares”) at a subscription price of $[   ] per Ordinary Share (the “Subscription Price”), pursuant to the exercise of non-transferable subscription rights initially distributed on [                       ] (“Subscription Rights”), to all holders of record of Ordinary Shares of Magal as of the close of business on [     ] (the “Record Date”).  The Subscription Rights are described in the enclosed prospectus and evidenced by a Subscription Certificate registered in your name or in the name of your nominee.

 

Each beneficial owner of Ordinary Shares registered in your name or the name of your nominee is entitled to one Subscription Right for each two Ordinary Shares owned by such beneficial owner on the Record Date (the “Basic Subscription Rights”).  Each Subscription Right also carries the right to oversubscribe at the Subscription Price for additional Ordinary Shares (subject to proration if necessary) up to the total amount of Ordinary Shares remaining upon completion of the Basic Subscription Rights (defined below).  Holders of Ordinary Shares will not receive fractional Subscription Rights, but instead Subscription Rights will be rounded down to the nearest whole number.

 

We are asking you to contact your clients for whom you hold Ordinary Shares registered in your name or in the name of your nominee as of the Record Date to obtain instructions with respect to the Subscription Rights.

 

Enclosed are copies of the following documents:

 

	
  

	
1.

	
Prospectus;

 

	
  

	
2.

	
Subscription Certificate;

 

	
  

	
3.

	
Instructions as to Use of Subscription Certificates;

 

	
  

	
4.

	
Form of Notice to Shareholders who are Record Holders;

 

	
  

	
5.

	
Form of Beneficial Owner Election Form; and

 

	
  

	
6.

	
Form of Nominee Holder Certification.

 

Your prompt action is requested.  The Subscription Rights will expire at 5:00 P.M., Eastern Time, on [                       ], (the “Expiration Date”).

 

To exercise Subscription Rights, properly completed and executed Subscription Certificates and payment in full for all Subscription Rights exercised must be delivered to the Subscription Agent as indicated in the prospectus prior to the Expiration Date.

 

Additional copies of the enclosed materials may be obtained by contacting us at +972-+972-3- 5391490 or the Information Agent for the rights offering Phoenix Advisory Partners, toll free at (800) 576-4314 or if you are a bank or broker at (212) 493-3910.

 

	 	
Very truly yours,

 

MAGAL SECURITY SYSTEMS LTD.exhibit_4-6.htm

Exhibit 4.6

 

[Letterhead of Dealer, Bank, Trust Company or Nominee]

[           ]

To our clients:

 

Enclosed are the prospectus and other materials relating to a Rights Offering by Magal Security Systems Ltd. (“Magal”).  Please carefully review the prospectus, which describes how you can participate in the Rights Offering.  You will be able to exercise your subscription rights to purchase additional ordinary shares only during a limited period.  You will find answers to some frequently asked questions about the Rights Offering beginning on page 3 of the prospectus.  You should also refer to the detailed Instructions as to Use of Subscription Certificates, which is attached to this letter.  All exercises of the Rights are irrevocable.

 

The following is a summary of the terms of the Rights Offering:

 

	
  

	
·

	
You will receive one non-transferable subscription right for every two ordinary shares you hold of record at the close of business on [              ].  Magal will not issue fractional subscription rights or cash in lieu of fractional subscription rights.  Fractional subscription rights will be rounded down to the nearest whole number.

 

	
  

	
·

	
You may purchase one ordinary share, par value NIS 1.0 of Magal for each whole subscription right you receive at a subscription price of $[__] per share.

 

	
  

	
·

	
If you exercise in full the subscription rights issued to you, you may subscribe for additional ordinary shares through the oversubscription right, as more fully described in the prospectus.

 

	
  

	
·

	
The Rights Offering will expire at 5:00 p.m., Eastern Time, on [            ].  If you do not exercise your subscription rights before that time, they will expire and will have no monetary value.

 

	
  

	
·

	
You cannot revoke your exercise of your subscription rights at any time prior to the expiration of the Rights Offering.

 

THE MATERIALS ENCLOSED ARE BEING FORWARDED TO YOU AS THE BENEFICIAL OWNER OF ORDINARY SHARES HELD BY US IN YOUR ACCOUNT BUT NOT REGISTERED IN YOUR NAME.  EXERCISES OF SUBSCRIPTION RIGHTS MAY BE MADE ONLY BY US AS THE RECORD OWNER AND PURSUANT TO YOUR INSTRUCTIONS.  Accordingly, we request instructions as to whether you wish us to elect to subscribe for any ordinary shares to which you are entitled pursuant to the terms and subject to the conditions set forth in the enclosed prospectus and other materials.  We urge you to read the prospectus and other enclosed materials carefully before instructing us to exercise your subscription rights.

 

Your instructions to us should be forwarded as promptly as possible in order to permit us to exercise subscription rights on your behalf in accordance with the provisions of the Rights Offering.  The Rights Offering will expire at 5:00 p.m., Eastern Time, on the Expiration Date, so you are encouraged to forward your instructions to us before the Expiration Date to allow us ample time to act upon your instructions.

 

  

  

  

 

If you wish to have us, on your behalf, exercise the subscription rights for any ordinary shares to which you are entitled, please so instruct us by timely completing, executing, and returning to us the Beneficial Owner Election Form attached to this letter.

 

With respect to any instructions to exercise (or not to exercise) subscription rights, the enclosed Beneficial Owner Election Form must be completed and returned such that it will be actually received by us by 5:00 p.m., Eastern Time, on [                      ], the last business day prior to the scheduled expiration date of the Rights Offering of [                      ].

 

Please indicate whether you wish to receive a separate subscription rights certificate issued to you by checking the appropriate box.

 

o   Yes     o   No

 

If you have any questions concerning the Rights Offering, please feel free to contact us at [                      ].

 

	 	
Very truly yours,

 

[                      ]exhibit_4-7.htm

Exhibit 4.7

 

BENEFICIAL OWNER ELECTION FORM

 

INSTRUCTIONS

 

To [______________]:

 

The undersigned acknowledge(s) receipt of your letter and the enclosed materials referred to therein relating to the offering of ordinary shares, par value NIS 0.1 (the “Ordinary Shares”), of Magal Security Systems Ltd. (the “Company”).

 

With respect to any instructions to exercise (or not to exercise) Subscription Rights, the undersigned acknowledges that this form must be completed and returned such that it will actually be received by you by 5:00 p.m., Eastern Time, on [____________], the last business day prior to the scheduled expiration date of the Subscription Rights Offering of [____________].

 

This will instruct you whether to exercise Subscription Rights to purchase Ordinary Shares distributed with respect to the Ordinary Shares held by you for the account of the undersigned, pursuant to the terms and subject to the conditions set forth in the Prospectus and the related “Instructions as to Use of Subscription Rights Certificates.”

 

Box 1. o  Please DO NOT EXERCISE SUBSCRIPTION RIGHTS for Ordinary Shares.

 

Box 2. o  Please EXERCISE SUBSCRIPTION RIGHTS for Ordinary Shares as set forth below.

 

The number of Subscription Rights for which the undersigned gives instructions for exercise under the Basic Subscription Right should not exceed the number of Subscription Rights that the undersigned is entitled to exercise.

 

	  	
Number of Ordinary Shares

	 	 	
Per Share Subscription Price

	 	
Payment

	 
	
Basic Subscription Right:

	x 	 	$	
          [___]

	 =	$	 	 
	  	 	 	 	  	 	 	 	 
	
Oversubscription Right:

	x 	 	$	
          [___]

	 =	$	 	 
	  	 	 	 	  	 	 	 	 
	
Total Payment Required:

	 	 	 	  	 	$	 	 

Box 3. o  Payment in the following amount is enclosed $_____________ .

 

Box 4. o  Please deduct payment from the following account maintained by you as follows:

 

	  	  	  
	
Type of Account

	  	
Account No.

	  	  	  
	Amount to be deducted:	$	 
	  	  	  
	
Date:

	  	  	  
	  	  	  
	  	  	  
	  	  	
Signature(s)

	  	  	  
	  	  	
Please type or print name(s) below

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