Eviation Aircraft Ltd. Announces Special General Meeting

KADIMA-TZORAN, Israel, July 3, 2019 /PRNewswire/ -- Eviation Aircraft Ltd. today announced that a Special General Meeting of the Shareholders will be held on Thursday, August 15, 2019, at 2:00 p.m. Israel time, at the Company's offices at 2 Ha'Ofeh Street, Kadima-Tzoran, 6092000, Israel. The record date for the meeting is set for July 9, 2019.

The agenda of the meeting is as follows:

1. To approve a reverse split of the Company's ordinary shares of no par value at a 1-for-2,550 ratio, and effect a corresponding reduction of share capital and amendments to the Company's Memorandum of Association and Articles of Association.

Only holders of record of Ordinary Shares as of the close of business on July 9, 2019 are entitled to notice of and to vote at the Meeting.

Additional Information and Where to Find It

In connection with the meeting, Eviation will send to its shareholders as of the record date a proxy statement describing the various matters to be voted upon at the meeting, along with a proxy card enabling them to indicate their vote on each matter. Copies of the resolutions to be adopted at the Meeting will be available to any shareholder entitled to vote at the Meeting, at the Company's offices during regular business hours or upon written request, submitted to the Company. You can contact the Company by phone at (972) 8 9137934.

About Eviation Aircraft

Eviation Aircraft Ltd. is developing and manufacturing efficient electric aircraft in an effort to make electric aviation a fast, competitive, and sustainable answer to the on-demand mobility of people and goods. Its distributed propulsion, high-energy density batteries, mission-driven energy management, and new airframe are designed from the ground up to maximize these technological advances for regional flight operators. Eviation is a member of NASA's on-demand mobility program, and serves on the electric aviation committees of the General Aviation Manufacturers' Association (GAMA) and the U.S. Federal Aviation Administration (FAA). Please visit us at www.eviation.co.

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SOURCE Eviation Aircraft Ltd.