Exhibit 99.1
Ability Inc.
ABILITY INC.
Registrar no.: 303448
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| To: | The Securities Authority | | To: | The Tel Aviv Securities Exchange Ltd. | | T053 (Public) | | Transmitted on MAGNA: | 01/01/2020 |
| | www.isa.gov.il | | | www.tase.co.il | | | | Reference | 2020-01-000585 |
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Immediate Report on Events or Issues Exceeding the Ordinary Business of the Corporation
Regulation 36 of the Securities Regulations (Periodic and Immediate Reports), 1970
Issuing results must be reported in T20 and not in this form.
Reports on debenture ratings or corporate ratings must be submitted using the T125 form.
Report on: ☐ Delayed report
Nature of incident: Delisting from the NASDAQ
| 1. | Following the Company’sreport from December 29 2019 (ref. no. Following the Company’sreport from December 29 2019 (ref. no. 2019-01-114564) regarding delisting the Company’sordinary shares from the Nasdaq (Nasdaq Capital Market) effective at the close of trading hours on December 27 2019, the Company hereby announces that it has changed its reporting format to a format in accordance with Chapter 6 of the Securities Law, 1968 (“the Law”) which apply to corporations reporting in Israel in all matters pertaining to its immediate reports, while regarding its periodic reports, it will continue to report in accordance with Chapter 5C of the Law, for six months from the Company’sordinary shares delisting as noted above, as set in Section 36(a2) of the Law. To date, the Company has filed its reports in Israel in accordance with the provisions of Chapter 5C of the Law applicable to dual companies. The Company would like to clarify that the Company remains a reporting company in the United States in accordance with U.S. securities law and therefore, in addition to the reporting format in accordance with Chapter 6 of the Law, as noted above, it intends to continue to file reports to the United States Securities and Exchange Commission, in accordance with applicable requirements. |
_________
| 2. | Date and time on which the corporation was first informed of the event or matter: |
☒ 
☐ _________
Report delayed in accordance with Regulation 36(b)”
| 3. | If the report was delayed – the reason for its delay: |
_________
| 4. | On_________ Time: _________ The obstacle to reporting has been removed. |
| 5. | ☐ The Company is a shell company as defined by the Stock Exchange’s bylaws. |
Details of signatories authorized to sign in the corporation’s name:
| | Name of Signatory | | Position |
| 1 | Avi Levin | | Chief Financial Officer |
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| 2 | Anatoly Hurgin | | CEO |
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Explanation: in accordance with Regulation 5 of the Periodic and Immediate Reports Regulation (1970), a report filed in accordance with these regulations shall be signed by those authorized to sign on behalf of the corporation. The staff position on the subject can be found on the Authority’s website:Press here.
Signed by CFO Avi Levin, C.P.A.
Reference numbers of additional documents on the subject (the reference does not constitute inclusion by way of reference):
2019-02-113325
| The corporation’s securities are not listed for trade on the Tel Aviv Securities Exchange | | Form structure update date: December 31st 2019 |
Abbreviated Name: Ability
Address: 14 Yad Harutzim , Tel Aviv 6770007 Telephone no.: 03-6879777, Fax: 03-5376483
Email: avi@ability.co.il Company website: www.interceptors.com
Former names of reporting entity:
Name of electronic reporter: Yannai Andrei Position: Outside legal counsel Name of employer: Barnea & Co., Attorneys at Law
Address: 58 Harakevet , Tel Aviv 6777016 Telephone no.: 03-6400600 Fax: 03-6400650 Email: ayanai@barlaw.co.il
