Tikcro Technologies Ltd. (fka TKCRF)

[midastouch017]

Tikcro Announces 2006 Annual General Meeting

Thursday July 13, 8:30 am ET

TEL AVIV, Israel--(BUSINESS WIRE)--July 13, 2006--Tikcro Technologies Ltd. (OTCBB: TKCRF - News) today announced that its Annual General Meeting of Shareholders will be held on August 17, 2006 at 3:00 p.m. Israel time, at the offices of the Company, 126 Yigal Allon Street, Tel Aviv, Israel. The record date for the meeting is July 18, 2006. Tikcro will send to its shareholders of record 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.
The agenda of the meeting is as follows:

(1) election of Eric Paneth and Izhak Tamir to our Board of
Directors;

(2) election of Irit Gal and Yiftach Atir as outside directors;

(3) approval of the compensation of our outside directors;

(4) approval of amendments to our Articles of Association in order
to incorporate certain provisions of recent amendments of the
Israeli Companies Law, including amendments relating to the
indemnification of directors and officers;

(5) subject to the approval of the amendments to our Articles of
Association relating to the indemnification of directors and
officers, approval of amendments to our indemnification
agreements in favor of our directors.

(6) approval for Izhak Tamir to serve as both our Chairman of the
Board and Chief Executive Officer for a period of up to three
years;

(7) approval of amendments to our memorandum and articles of
association converting the Ordinary Shares, NIS 0.10 par
value, into Ordinary Shares with no par value and approving a
one-for-three reverse share split of our Ordinary Shares;

(8) approval of the grant of contingent stock options to Izhak
Tamir and Eric Paneth;

(9) reappointment of Kost Forer, Gabbay and Kasierer, a member of
Ernst & Young, as our independent auditors; and

(10) consideration of our financial statements for the year ended
December 31, 2005.

Items 1 through 9 require the approval of a simple majority of the shares voted on the matter. Item 10 will not involve a vote of the shareholders.

About Tikcro Technologies:

Until the closing of the Assets Transaction with STMicroelectronics in 2002, Tikcro Technologies Ltd. (formerly known as Tioga Technologies Ltd.) developed standard integrated circuits (ICs) for broadband communications applications. Substantially all of its assets and related liabilities were sold to STMicroelectronics. Tikcro is headquartered in Tel Aviv, Israel. For more information, visit Tikcro website at www.tikcro.com.

http://biz.yahoo.com/bw/060713/20060713005328.html?.v=1

Dubi