|
| |
| BATM Advanced Communications Limited (LSE: BVC), a leading provider of real-time technologies for the networked telecoms and medical laboratory equipment markets, is pleased to announce that the ordinary shares of the Company have been approved for listing on the Tel Aviv Stock Exchange (“TASE”) under the symbol “BATM”. Trading is scheduled to commence on 19 September 2012.
Dr Zvi Marom, Chief Executive Officer of BATM, said: “We are pleased to have gained a listing on the TASE, which will increase BATM’s profile amongst the investment community in Israel. Whilst we are a global company, our headquarters are in Israel and this is a natural step in order to strengthen our ties with the country where we have an extensive network of operations and where our research and development centres are based. As we progress towards returning to growth and profitability, we look forward to benefitting from a wide range of investors and delivering value to all shareholders.”
Ester Levanon, TASE CEO views BATM as a welcome addition to TASE: "We welcome BATM, a technology company whose activities span the globe, to the Tel Aviv Stock Exchange and to TASE's leading share price indices. We constantly endeavor to advance TASE and render it one of the leading and most sophisticated exchanges in world, particularly in the fields of high tech and biotechnology. We invest significant time and resources in bringing important companies to the local market and we encourage all Israel companies listed on exchanges abroad to cross list their shares on TASE. Under TASE's dual listing arrangement these companies are entitled to significant benefits, including: added exposure among Israeli investors; extension of the trading day; investment by Exchange Traded Product vendors, such as ETN issuers, and by mutual fund managers specializing in passive and active equity investments; and, of course, easy access to institutional and retail investors as well as to global growth companies."
The ordinary shares will continue to trade on the Main List of the London Stock Exchange, where it has been listed since 12 July 1999, under the symbol “BVC”.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
