Incredimail 2008 Annual Report Download - page 51

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The closing prices of our Ordinary Shares, as reported on the Nasdaq Global Market on June 23, 2009 and on the Tel Aviv Stock Exchange
on June 23, 2009, which are the last full trading days before filing of this annual report, were $4.81 and NIS 20.02, (equal to $5.04 based on the
Bank of Israel representative exchange rate as of such date), respectively.
Not applicable.
Our ordinary shares are quoted on the Nasdaq Global Market under the symbol “MAIL”, and on the Tel Aviv Stock Exchange under the
symbol “EMAIL”.
Not applicable.
Not applicable.
Not applicable.
55
Not applicable.
Registration Number and Purposes
Our registration number with the Israeli Companies Registrar is 51-284949-8. Pursuant to Section 3 of our articles of association, our
objectives are the development, manufacture and marketing of software and any other objective as determined by our board of directors.
Dividend and Liquidation Rights
The holders of the ordinary shares are entitled to their proportionate share of any cash dividend, share dividend or dividend in kind declared
with respect to our ordinary shares on or after the date of this annual report. We may declare dividends out of profits legally available for
distribution. Under the Israeli Companies Law, a company may distribute a dividend only if the distribution does not create a reasonable risk that
the company will be unable to meet its existing and anticipated obligations as they become due. A company may only distribute a dividend out of
the company’s profits, as defined under the Israeli Companies Law. If the company does not meet the profit requirement, a court may allow it to
distribute a dividend, as long as the court is convinced that there is no reasonable risk that such distribution might prevent the company from being
able to meet its existing and anticipated obligations as they become due.
Under the Israeli Companies Law, the declaration of a dividend does not require the approval of the shareholders of a company unless the
company’s articles of association provide otherwise. Our articles of association provide that the board of directors may declare and distribute
dividends without the approval of the shareholders. In the event of our liquidation, holders of our ordinary shares have the right to share ratably in
any assets remaining after payment of liabilities, in proportion to the paid-up par value of their respective holdings.
These rights may be affected by the grant of preferential liquidation or dividend rights to the holders of a class of shares that may be
authorized in the future.
Voting, Shareholder Meetings and Resolutions
** Since our listing on the Tel Aviv Stock Exchange on December 4, 2007.
B.
PLAN OF DISTRIBUTION
C.
MARKETS
D.
SELLING SHAREHOLDERS
E.
DILUTION
F.
EXPENSES OF THE ISSUE
ITEM 10.
ADDITIONAL INFORMATION
A.
SHARE CAPITAL
B.
MEMORANDUM AND ARTICLES OF ASSOCIATION