RADVIEW SOFTWARE LTD. ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING FROM MAY 18 2022
Rosh Ha’ain, Israel, May 25, 2022 – RadView Software Ltd. (OTCMKTS:RDVWF) today announced that at the Annual General Meeting of Shareholders held on May 18, 2022 at 16:00 (Israel time) at the offices of the Company, 13 Ha’Amal Street, Park Afek, Rosh Ha’Ain, Israel, the following resolutions were adopted:
1. To re-elect Mr. Shai Beilis, Mr. Avi Fried, Mr. Ori Gal and Mr. Assaf Katan and to elect Mr. Guy Offer* to the Company’s Board of Directors, to serve until the next annual general meeting of shareholders and until their successors have been duly elected and qualified;
2. To elect Ms. Tamar Naor as an external director, to hold office for 3 years, commencing from the date of her election;
3. To set the compensation of the External Directors;
4. To set the compensation of Mr. Guy Offer, the CEO*;
5. To set the compensation of Mr. Assaf Katan, a director of the Company;
6. To set the compensation of Mr. Ori Gal, a director of the Company;
7. To approve the renewal of the Company’s directors’ and officers’ liability insurance policy and the Company’s indemnification and exemption of directors and officers;
8. To approve the Convertible Loan Agreement of October, 2021 with the Company’s controlling shareholder, Formula Ventures (Holdings) Ltd, and other certain lenders, as amended;
9. To reapprove the Compensation Policy of the Company;
10. To approve a reverse split of the Company’s ordinary shares at a ratio of 1,000:1, and to effect the corresponding amendments to the Company’s Memorandum of Association and Articles of Association;
11. To reappoint Kost, Forer, Gabbay, and Kasierer, a member of Ernst & Young International Ltd., as the Company’s Independent Auditors, for the fiscal years ending December 31, 2021 and December 31, 2022 and for such additional period until the next annual general meeting of shareholders.
* Mr. Guy Offer has recently resigned his position as CEO and will also not assume the office of a director. He is expected to continue with the Company in a reduced scope for a certain transitional period.
About RadView
RadView helps companies perfect their web and mobile applications with the most reliable and flexible performance engineering platform available, for more than 25 years. We address the performance requirements of such applications throughout their product life-cycle, from initial design through development, deployment, and ongoing changes and upgrades. Visit www.radview.com or call 1-888-RADVIEW.