RiT Technologies Ltd. (RITT) said that its shareholders approved all of the items on the agenda at the annual meeting. The shareholders authorized the board to effect a reverse share split of all of the ordinary shares at a ratio not to exceed one-for-eight. The shareholders approved terms and framework of compensation to an employee who is related to STINS COMAN Inc., the controlling shareholder of the company.
The shareholders also approved a private issuance by the company of ordinary shares to STINS COMAN and the renewal of a distribution agreement between the company and STINS Corp, a subsidiary of STINS COMAN.
The company's shareholders further approved a special bonus payment to Liora Katzenstein, following termination of her service as director and approved terms of compensation to a non-employee director.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.