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NETANYA, Israel, Sept. 14, 2016 -- 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 [email protected] Investor Relation Contact GK Investor Relations Ehud Helft / Gavriel Frohwein Tel: +1 646 688 3559 [email protected]
