TEL AVIV, Israel, May 1, 2013 /PRNewswire/ --
RADCOM Ltd. (NASDAQ: RDCM) (the "Company"), a leading
network service assurance provider, announced today that it has
scheduled an extraordinary general meeting of shareholders to take
place on Wednesday, June 5, 2013 at
10:00 a.m. (Israel time), at the offices of the Company,
24 Raoul Wallenberg Street, Tel
Aviv, Israel. The record date for the meeting is
May 7, 2013.
Proxy statements describing the proposals on the agenda and
proxy cards for use by shareholders that cannot attend the meeting
in person will be sent by mail, on or about May 7, 2013, to the Company's shareholders of
record and to shareholders that hold shares registered with the
American Stock Transfer & Trust Company. The Company will also
furnish the proxy statement to the Securities and Exchange
Commission on Form 6-K.
The agenda of the meeting is to approve the Company's issuance
of 406,610 of its ordinary shares, as well as the grant by the
Company of warrants to purchase 135,537 Ordinary Shares, to
entities controlled by Mr. Zohar Zisapel, the Company's Chairman,
who may be deemed a controlling shareholder of the Company, for a
total investment by Mr. Zisapel equal to approximately $1.1 million.
Quorum
Two or more shareholders of the Company holding shares
conferring in the aggregate at least one-third (1/3) of the voting
power of the Company, present in person or by proxy and entitled to
vote, will constitute a quorum at the meeting.
Voting Requirements
The affirmative vote of the holders of a majority of the voting
power in the Company present, in person or by proxy, and voting on
the matter, provided that either (i) a majority of the shares of
shareholders who do not have a personal interest in the resolution
are voted in favor of the matter or (ii) the total number of shares
of shareholders who do not have a personal interest in the
resolution voted against the matter does not exceed two percent of
the Company's outstanding ordinary shares.
About RADCOM
RADCOM provides innovative service assurance solutions for
communications service providers and equipment vendors. RADCOM
specializes in solutions for next-generation networks, both
wireless and wireline. RADCOM's comprehensive, carrier-strength
solutions are used to prevent service provider revenue leakage and
to enable management of customer care. RADCOM's products facilitate
fault management, network service performance analysis,
troubleshooting and pre-mediation with an OSS/BSS. RADCOM's shares
are listed on the NASDAQ Capital Market under the symbol RDCM. For
more information, please visit http://www.RADCOM.com
Contact:
Gilad Yehudai
Chief Financial Officer
+972-77-774-5060
gilady@radcom.com
SOURCE RADCOM Ltd