Announcement of withdrawal of 2017 Annual General Meeting Agenda item pertaining to service contract with company affiliated with the CEO

Tuesday, February 20, 2018, Or Yehuda, Israel

 

The Board of Directors of Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), announced today that Item 6 on the agenda for the 2017 Annual General Meeting of Shareholders to be held on Wednesday, February 28, 2018 has been withdrawn. Shareholders will not be asked to approve a Services Agreement with a company affiliated with the Company’s CEO.


For further information contact:

Amit Birk | VP M&A and General Counsel 

Magic Software Enterprises

ir@magicsoftware.com

 

Except for any historical information contained herein, matters discussed in this press release might include forward-looking statements that involve a number of risks and uncertainties. Regarding any financial statements, actual results might vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both locally and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in Magic's most recent annual report and other filings with the Securities and Exchange Commission.

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