RADA Announces 1-for-2 Reverse Split of Ordinary Shares Effective as of September 14, 2016
September 14 2016 - 1:53PM
RADA Electronic Industries Ltd. (Nasdaq:RADA) 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:
RADA Electronics Industries
Shiri Lazarovich, CFO
Tel: +972-9-8921111
mrkt@rada.com
Investor Relation Contact
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: +1 646 688 3559
Rada@gkir.com
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