SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of
February 2007
RADA ELECTRONIC INDUSTRIES LIMITED
(Name of Registrant)
7 Giborei Israel Street, Netanya 42504, Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-____________
This Form 6-K is being incorporated by reference into the Registrant's
Form F-3 Registration Statements File Nos. 333-12074, 333-115598, 333-117954,
and 333-127491 and Form S-8 Registration Statement File No. 333-111437.
RADA ELECTRONIC INDUSTRIES LTD.
6-K Items
1. Press Release re RADA Electronic Industries Ltd. Declares 3-for-1
Reverse Stock Split dated February 1, 2007.
ITEM 1
Press Release Source: Rada Electronic Industries Ltd
RADA Electronic Industries Ltd. Declares 3-for-1 Reverse Stock Split
Thursday February 1, 5:00 pm ET
NETANYA, Israel, February 1 /PRNewswire-FirstCall/ -- RADA Electronic Industries
Ltd. (NASDAQ: RADI - News), announced today that a three (3)-for-one (1) reverse
stock split (the "Reverse Split") and corresponding decrease in the authorized
capital stock of the Company from 49,000,000 ordinary shares, par value NIS
0.005 to 16,333,333 ordinary shares, par value NIS 0.015 was approved by the
Company's shareholders on January 29, 2007. The Reverse Split will become
effective at the open of trading on February 14, 2007 (the "Effective Date").
The record date for the Reverse Split is February 13, 2007.
As a result of the Reverse Split, on the Effective Date each holder of ordinary
shares will be entitled to receive one share for each three shares held
immediately prior to the Effective Date. No fractional shares will be issued.
Promptly after the Effective Date, the Company's transfer agent, American Stock
Transfer & Trust Company, will mail letters of transmittal to the Company's
stockholders on the Effective Date, which will describe the procedures for
surrendering stock certificates in exchange for a new certificate representing
the Company's shares on a post-Reverse Split basis. In order to receive a new
stock certificate, holders of the Company's stock certificates must deliver
their stock certificates and a properly completed letter of transmittal to the
Company's exchange agent, American Stock Transfer & Trust Company, Inc. Upon
receipt of the stock certificates and properly completed letters of transmittal,
the transfer agent will, where applicable, deliver the new stock certificates to
the shareholders of the Company.
About RADA
RADA Electronic Industries Ltd. is an Israel based company involved in the
military and commercial aerospace industries. The Company specializes in
Avionics systems (Digital Video Recorders, Ground Debriefing Stations, Stores
Management Systems, Flight Data Recorders, Inertial Navigation Systems),
Trainers Upgrades, Avionics systems for the UAV market, and Electro optic
cameras for airplanes and armored vehicles.
Note: Certain statements in this press release are "forward-looking statements"
within the meaning of the Private Securities Litigation Act of 1995. Such
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results to differ materially. Such risk uncertainties and other
factors include, but are not limited to, changes in general economic conditions,
risks in product and technology developments, market acceptance of new products
and continuing product demand, level of competition and other factors described
in the Company's Annual Report on Form 20-F and other filings with the
Securities and Exchange Commission.
Company Contact:
Zvika Alon (V.P Business Development)
Tel: +972-9-892-1111
alon_zvika@rada.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Rada Electronic Industries Ltd.
(Registrant)
By: /s/Herzle Bodinger
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Herzle Bodinger, Chairman
Date: February 2, 2007