- Israel-focused gem miner Shefa Gems said it had agreed with investors to distribute its current mining business to shareholders by way of a dividend and would become a cash shell.

Shefa Gems said that as a cash shell, it would seek to make an acquisition in the web technology and software space.

The agreement also involved a share consolidation, fund raising, board changes and a change in the company's name to Alef Bet Advanced Technologies.

At 8:56am: [LON:SEFA] Shefa Yamim Ltd share price was 0p at 2.4p

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