Metalink Announces 2009 Annual General Meeting
20 Novembre 2009 - 12:00PM
PR Newswire (US)
YAKUM, Israel, November 20 /PRNewswire-FirstCall/ -- Metalink Ltd.
(NASDAQ:MTLK), today announced that its 2009 Annual General Meeting
of Shareholders will be held on Tuesday, December 29, 2009, at 6:00
p.m. (Israel time), at Metalink's offices in Yakum Business Park,
Yakum, Israel. The record date for the meeting is the close of
business on November 25, 2009. Metalink will send to its
shareholders of record a proxy statement describing the various
matters to be voted upon at the meeting, along with a proxy card
enabling them to indicate their vote on each matter. The Company
will also furnish the proxy statement to the Securities and
Exchange Commission (SEC) on Form 6-K. The agenda of this announced
annual general meeting is as follows: 1. To re-elect Tzvi Shukhman,
Uzi Rozenberg and Efi Shenhar, as directors; 2. To elect Orly
Etzion to a 3 year term as an outside director; 3. To authorize the
Company's Board of Directors to effect a reverse share split of all
of the Company's Ordinary Shares at a ratio not to exceed
one-for-ten and to approve related amendments to the Company's
Memorandum and Articles of Association; 4. To reappoint Brightman
Almagor & Co., Certified Public Accountants (Israel), a member
of Deloitte Touche Tohmatsu, to serve as the Company's auditors
until immediately following the next annual general meeting of
shareholders, and to authorize the Board of Directors of the
Company to fix their remuneration in accordance with the volume and
nature of their services, or to delegate to the Audit Committee the
authority to do so; and 5. To review and consider the audited
financial statements of the Company for the year ended December 31,
2008. Items 1, 3 and 4 require the approval of a simple majority of
the shares voted on the matter. Approval of Item 2 above will
require the affirmative vote of a majority of the shares, provided
that either (1) at least one third of the shares of non-controlling
shareholders voted at the meeting vote in favor or (2) the total
number of shares of non-controlling shareholders voted against the
matter does not exceed one percent of the aggregate voting rights
in the company. Item 5 does not require a vote by the shareholders.
ABOUT METALINK Metalink Ltd. (NASDAQ:MTLK) is a fabless
semiconductor Company engaged in the research, development and sale
of high-throughput wireless local area network (WLAN) chipsets, and
in the sale of high performance broadband access chip sets or
digital subscriber line (DSL) used by telecommunications and
networking equipment manufacturers. Metalink's WLANPLUS(TM) is a
high-throughput, 802.11n-draft-compliant wireless LAN technology
optimized for the networked home entertainment environment.
Featuring advanced MIMO technology and full support of QoS, and
operating in both 2.4GHz and 5GHz bands, WLANPLUS enables
multi-room networking of multiple high-definition video streams.
Further information is available at http://www.mtlk.com/ SAFE
HARBOR STATEMENT This press release contains "forward looking
statements" within the meaning of the United States securities
laws. Words such as "aim," "expect," "estimate," "project,"
"forecast," "anticipate," "intend," "plan," "may," "will," "could,"
"should," "believe," "predicts," "potential," "continue," and
similar expressions are intended to identify such forward-looking
statements. Because such statements deal with future events, they
are subject to various risks and uncertainties that could cause
actual results to differ materially from those in the forward
looking statements. Factors that could cause or contribute to such
differences include, but are not limited to: in light of our cash
status, our inability to raise additional funds or enter into other
strategic transactions on a timely basis may lead us to insolvency;
our inability to regain compliance with NASDAQ'S requirements for
continued listing; any unforeseen developmental or technological
difficulties with regard to our products; changes in the
competitive landscape, including new competitors or the impact of
competitive pricing and products; and the impact on revenues of
economic and political uncertainties and weaknesses in various
regions of the world, including the commencement or escalation of
hostilities or acts of terrorism. Additional factors that could
cause actual results to differ materially from these
forward-looking statements are set forth from time to time in
Metalink's filings with the SEC, including Metalink's Annual Report
in Form F-20. Readers are autioned not to place undue reliance on
forward-looking statements. Except as required by applicable law,
the Company undertakes no obligation to republish or revise
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrences of unanticipated
events. The Company cannot guarantee future results, events, and
levels of activity, performance, or achievements. Yuval Ruhama CFO
Metalink Ltd. Tel: +972-9-9605555 Fax: +972-9-9605544 DATASOURCE:
Metalink Ltd CONTACT: Yuval Ruhama: CFO, Metalink Ltd., Tel:
+972-9-9605555, Fax: +972-9-9605544,
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