American Israeli Paper Mills Ltd Adopts Stock Option Plan

Apr 03, 2001, 01:00 ET from American Israeli Paper Mills Ltd

    HADERA, Israel, April 3 /PRNewswire/ -- American Israeli Paper Mills Ltd
 (ASI: AIP) today announced that the Board of Directors of the Company has
 adopted a stock option plan under which options to purchase up to a total of
 194,300 shares of the Company may be granted to senior officers of the Company
 and certain other companies in AIPM's group
     The plan is subject to receipt of approvals in accordance with applicable
 laws.
 
 

SOURCE American Israeli Paper Mills Ltd
    HADERA, Israel, April 3 /PRNewswire/ -- American Israeli Paper Mills Ltd
 (ASI: AIP) today announced that the Board of Directors of the Company has
 adopted a stock option plan under which options to purchase up to a total of
 194,300 shares of the Company may be granted to senior officers of the Company
 and certain other companies in AIPM's group
     The plan is subject to receipt of approvals in accordance with applicable
 laws.
 
 SOURCE  American Israeli Paper Mills Ltd