EX-99.1 2 ea119687ex99-1_abilityinc.htm IMMEDIATE REPORT DATED MARCH 12, 2020

Exhibit 99.1

 

ABILITY INC.

 

Registrar number: 303448

 

Attn: Israel Securities Agency Attn: Tel Aviv Stock Exchange Ltd. Tav094 (public) Transmitted via Magna: 12/03/2020
  www.isa.gov.il   www.tase.co.il   Reference: 2020-01-023826

 

Immediate Report on a Senior Officeholder Who Ceased Holding Their Office

 

Regulation 34(a) of the Securities (Periodic and Immediate Reports) Regulations, 5730-1970

 

Explanation: in accordance with Regulation 34(d) of the Securities (Periodic and Immediate Reports) Regulations, 5730-1970, a list of senior office holders should be submitted in the framework of Tav097, concurrently with the submission of this form.

 

Reference numbers for previous reports on this matter: ________, ________, ________.

 

1.First Name: Ayelet

 

Name of Corporation/Last Name: Steinberg

 

Name of Corporation/Last Name and First Name in English: Ayelet Steinberg

 

Type of ID Number: ID Number

 

ID Number: 024434722

 

Citizenship/Country of Incorporation or Registration: Private person with Israeli citizenship

 

Country of Citizenship/Incorporation or Registration: ___________________

 

2.The office that they have ceased to hold:

 

  1 External Director ----------

 

Explanation: the following particulars should be filled in if they have ceased to hold the office of a director who was appointed on behalf of a corporation that is a director

 

Name of the director corporation that appointed the individual: _________________

 

Category of ID Number: ______________________

 

ID Number: ______________________

 

Citizenship/Country of Incorporation or Registration: ___________________

 

Country of Citizenship/Incorporation or Registration: __________________

 

3.The date on which they ceased or will cease to hold office: 11/03/2020. The date on which they began to hold office: 26/02/2020
  
4.To the best of the Corporation’s knowledge the retirement: not involves circumstances that should be brought to the knowledge of the holders of Corporation securities.

 

Explanation: If the retirement involved circumstances that should be brought to the knowledge of the holders of the securities of the Corporation, details should be given.

 

5.The manner in which office came to an end: Other

 

Retirement

 

6.The office of the Corporation which they continue to hold: He holds no office of the Corporation ____________

 

Do they continue to serve as a senior office holder of the Company? No

 

Explanation: If they serve as an authorized electronic signatory and their job title has been changed – a report should be made on Form Tav300. If they do not hold any office of the Corporation – a report should be made concurrently on Form Tav301.

 

7.Was the director a member of a directors’ committee No,

 

Name of the committee

 

 

 

 

8.Will the senior office holder continue, after their retirement, to be an interested party by virtue of holdings: No / By virtue of being a senior office holder as required under Regulation 33(h) of the Securities (Periodic and Immediate Reports) Regulations, 5730-1970 No

 

9.Did the company view the retiring director as having accounting and financial expertise? Yes

 

10.Following is the text of the notice of resignation of an external director and the reasons for resigning:

 

I wish to inform you of my decision to resign from my position as external director of the Company, due to the cash flow difficulties faced by the Company, and the liability and risks this poses to its officeholders.

 

Explanation: Should only be filled in if it concerns the resignation of an external director.

 

11. Did the Company consider the retiring director as an independent director? No

 

Did the proportion of independent directors serving on the Board of Directors fall below the proportion of independent directors required under the provision in the Articles of Association regarding the independence of the Board of Directors? Not relevant

 

Notwithstanding the retirement, is there a majority of independent directors? No

 

12.The date and time when it first became known to the Corporation of the event or the matter referred to in the report: On 11/03/2020 at 21:50.

 

Details of the Signatories on behalf of the Corporation:

 

  Name of Signatory Position
1 Anatoly Hurgin

Chairman of the board of directors and CEO

 

----------------------------

 

Explanation: pursuant to Regulation 5 of the Periodic and Immediate Reports Regulations (5730-1970), a report submitted under said regulations must be undersigned by Corporate Signatories. Staff position on this matter may be found on the Authority's website: click here.

 

The reference numbers of the previous documents on the subject (any citation made does not constitute inclusion by way of reference)

 

The securities of the Corporation are not listed for trading on the Tel Aviv Stock Exchange   Form structure updated on: 18/02/2020

  

Abbreviated Name: Ability

 

Address: 14 Yad Harutsim St., Tel Aviv 6770007                       Telephone: +972-3-687 9777, Fax: +972-3-537 6483

 

Email: evyatar@profinance.co.il Company Website: www.interceptors.com

 

Previous names of reporting entity:

 

Name of Electronic Reporter: Yanai Andrei Their Job Title: External Legal Consultant Name of Employing Company: Barnea & Co. Law Firm

 

Address: 58 Harakevet St., Tel Aviv 677016 Telephone: +972-3-6400600 Fax: +972-3-640 0650 Email: ayanai@barlaw.co.il

 

 

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