RA'ANANA, Israel and
RIVER EDGE, New Jersey,
Aug 14, 2017 /PRNewswire/ --Mer
Telemanagement Solutions Ltd. (MTS) (Nasdaq Capital Market:
MTSL), a global provider of telecommunications expense management
(TEM), enterprise mobility management (EMM) solutions, and video
advertising solutions for online and mobile platforms, today
announced that the following resolutions were adopted at the 2017
Annual General Meeting of Shareholders that was held on
Sunday, August 13, 2017:
![MTS Logo MTS Logo](http://mma.prnewswire.com/media/462544/MTS_Logo.jpg)
- To re-elect six directors for terms expiring at our 2018 Annual
General Meeting of Shareholders and when their successors are
elected and qualified;
- To re-elect Ms. Varda Trivaks as
an outside director (as such term is defined in the Israeli
Companies Law) for a fourth three-year term and to approve her
terms of service;
- To approve terms of procurement of a directors' and officers'
liability insurance policy for current and future office
holders;
- To ratify the authorization of our company's Board of Directors
to effect a reverse share split of our company's ordinary shares at
a ratio not to exceed one-for-four and to approve related
amendments to our company's Memorandum and Articles of
Association;
- To approve the extension of the period in which options can be
granted under our company's 2006 Option Plan;
- To approve a change in the terms of employment of Mr.
Alon Mualem, our company's Chief
Financial Officer and Interim Chief Executive Officer;
- To approve a private placement by our company to: (1) certain
of the former shareholders of Vexigo Ltd. and FPSV Holdings Ltd.,
including Mr. Tzvika Friedman, a
member of our Board of Directors, and Mr. Kobi Ram, the CEO of Vexigo Ltd., (2) Mr.
Haim Mer, Chairman of our Board, (3)
Mr. Roger Challen, a member of our
Board of Directors, and (4) Lior
Salansky, our former CEO; and
- To ratify and approve the reappointment of Kost Forer Gabbay & Kasierer, registered
public accountants, a member of Ernst & Young Global, as our
company's independent registered public accountants for the year
ending December 31, 2017, and to
authorize the Board of Directors to fix such independent registered
public accountants' compensation in accordance with the volume and
nature of their services or to delegate such power to the Audit
Committee.
In addition, the Company's auditor's report and consolidated
financial statements for the year ended December 31, 2016 were presented for
discussion.
The complete text of the resolutions and related background are
set forth in the proxy statement distributed to the Company's
shareholders and furnished to the Securities and Exchange
Commission as an exhibit to a Form 6-K dated June 29, 2017.
About MTS
Mer Telemanagement Solutions Ltd. (MTS) provides digital
advertising solutions for online and mobile platforms and call
accounting and TEM solutions and services.
MTS's Vexigo (www.vexigo.com) subsidiary provides digital
advertising solutions for online and mobile platforms, and
leverages them to offer advertising optimization services to
advertisers and website owners.
MTS's telecommunications business provides innovative products
and services to enterprises for their call accounting and for
management of their telecom expenses (TEM).
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:
http://mtsint.com/.
Contact:
Alon
Mualem
CFO
Tel:
+972-9-7777-540
Email: alon.mualem@mtsint.com
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SOURCE Mer Telemanagement Solutions Ltd. (MTS)