RA'ANANA, Israel and RIVER EDGE,
New Jersey, Feb. 21, 2019 /PRNewswire/ -- MTS - Mer
Telemanagement Solutions Ltd. (NASDAQ Capital Market: MTSL), a
global provider of telecommunications expense management
("TEM") and enterprise mobility management ("EMM")
solutions, announced today that it will hold an extraordinary
general meeting of shareholders (the "Meeting") on
Thursday, March 28, 2019 at
10:30 a.m. (Israel time) at the Company's offices at 15
Ha'tidhar Street, Entrance A, 11th Floor, Ra'anana,
Israel. At the Meeting, shareholders will be asked to adopt
the following resolutions, as further detailed in the attached
proxy statement:
The agenda of the Meeting is as follows:
- To elect Mr. Ronen Twito as an
outside director (as such term is defined in the Israeli Companies
Law) for an initial three-year term and to approve his terms of
service; and
- To ratify and approve terms of procurement of a directors' and
officers' liability insurance policy.
Shareholders of record at the close of business on Tuesday, February 26, 2019 are entitled to notice
of and to vote at the Meeting or any adjournments or postponements
thereof. The Company plans to mail a proxy statement that describes
the proposals to be considered at the Meeting and a proxy card on
or about March 1, 2019. The proxy
statement and proxy card will also be furnished to the Securities
and Exchange Commission on Form 6-K on or about February 21, 2019.
The approval of the proposals set forth in Items 1 and 2
requires the affirmative vote of holders of at least a majority of
our company's ordinary shares voted in person or by proxy at the
Meeting on the matter presented for passage. The approval of
the election of the outside director set forth in Item 1 and of the
resolution set forth in Item 2 with respect to certain of our
office holders also requires compliance with additional special
"disinterested" voting requirements as set forth in the proxy
statement.
Shareholders wishing to express their position on an agenda item
may do so by submitting a written statement to the Company's
offices at the above address no later than March 18, 2019. Any position statement
received will be furnished to the SEC on Form 6-K, which will be
available to the public on the SEC's website at http://www.sec.gov.
Eligible shareholders may present proper proposals for inclusion in
the Meeting by submitting their proposals to the Company no later
than February 28,
2019.
Shareholders may vote their ordinary shares by means of a proxy
card, which is required to be received by the Company, along with
the documentation set forth in the proxy statement, at least four
(4) hours prior to the appointed time of the Meeting, to be counted
for the Meeting.
About MTS
Mer Telemanagement Solutions Ltd. ("MTS") is focused on
innovative products and services for enterprises in the area of
telecom expense management ("TEM") and Call Accounting.
Headquartered in Israel, MTS
markets its solutions through wholly-owned subsidiaries in
Israel, the U.S and Hong Kong, as well as through distribution
channels. For more information please visit the MTS web
site: www.mtsint.com.
Certain matters discussed in this news release are
forward-looking statements that involve a number of risks and
uncertainties including, but not limited to, risks in product
development plans and schedules, rapid technological change,
changes and delays in product approval and introduction, customer
acceptance of new products, the impact of competitive products and
pricing, market acceptance, the lengthy sales cycle, proprietary
rights of the Company and its competitors, risk of operations
in Israel,
government regulations, dependence on third parties to manufacture
products, general economic conditions and other risk factors
detailed in the Company's filings with the United States Securities
and Exchange Commission.
MTS Contact:
Ofira
Bar
CFO
Tel: +972-9-7777-540
View original
content:http://www.prnewswire.com/news-releases/mts-announces-2019-extraordinary-general-meeting-of-shareholders-300799774.html
SOURCE Mer Telemanagement Solutions Ltd. (MTS)