This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Retalix Shareholders Approve Strategic Financing Transaction by Vast Majority 2009-10-19 07:30 ET - News Release RA'ANANA, Israel, Oct. 19, 2009 (GLOBE NEWSWIRE) -- Retalix(R) Ltd. (Nasdaq:RTLX) ("Retalix") announced today that at its 2009 Annual Meeting of Shareholders held today, the Retalix shareholders voted to approve the private placement transaction contemplated by the share purchase agreement, dated September 3, 2009, between the Company and a group of investors comprised of Boaz Dotan, Eli Gelman, Nehemia Lemelbaum, Avinoam Naor and Mario Segal. Holders of a total of 68.3% of the outstanding ordinary shares of Retalix voted on the transaction, of which 95.4% voted in favor. 56.2% of the shares held by non-interested shareholders voted on the transaction, of which 92.2% voted in favor.
Mr. Ishay Davidi, the Chairman of the Board of Retalix, said: "On behalf of Retalix and the new investors, we are very pleased to have received this strong vote of confidence from the Retalix shareholders in this strategic transaction and in the new investors."
The proposals approved at the 2009 Annual Meeting of Shareholders were: (i) the re-election of the Company's incumbent directors, (ii) the re-appointment of the Company's independent auditors and (iii) the approval of the private placement share purchase agreement and related matters. The proposal regarding the adoption of a new equity incentive plan for U.S. tax purposes was not approved by the shareholders.
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