The Company hereby announces that the reverse share split previously approved by the Company’s shareholders on August 31, 2016 has become effective on September 14, 2016.
Pursuant to the reverse split, each 2 Ordinary Shares, NIS 0.015 nominal value per share, will be converted into one Ordinary Share, NIS 0.030 nominal value per share. No fractional shares will be issued as a result of the reverse- split.
As of September 12, 2016, there were 34,428,237 Ordinary Shares outstanding and after the reverse split there will be 17,214,119 Ordinary Shares outstanding.
Company Contact: Investor Relation Contact:
RADA Electronics Industries GK Investor Relations
Shiri Lazarovich | CFO Ehud Helft / Gavriel Frohwein
Tel: +972-9-8921111 Tel: +1 646 688 3559