The TASE is announcing a new program, the TASE IR Desk, intended to encourage mid-cap companies to enhance their IR activities. This first-time program is in line with the global trend of offering and supporting such activities in listed companies.
Mid-cap companies require wide exposure as well as enhanced dialogue with their existing and potential investors, yet their ability to manage IR activities is usually limited. The program is offered to companies listed on the TA-MidCap Index and includes:
- A yearly allowance of up to 15,000 NIS for IR services provided by an external agency/provider.
- Use of TASE's Conference Center for investors/analysts conferences, once a year, free of charge.
In addition to the program, free access will be enabled from TASE's website to "STOCKER" - an online institutional investors' targeting database. With "STOCKER", companies can oversee their data as well as 4 more comparable companies. As the TASE places importance on encouraging investor relations, it is also considering further activities such as: sponsoring a professional IR forum, initiating courses and advanced studies in the field, and more.
Hani Shitrit-Bach, Senior VP and Head of Economics Department says: "TASE is targeting growth companies as a significant component of the economy. As part of our efforts to support these companies, TASE is launching this program which is comprised of several levels that are required for maintaining continuous and regular dialogue with investors: data and information infrastructure, professional support and a suitable venue for hosting professional gatherings. I hope that this support will also encourage companies that do not engage in IR activities on a regular basis to develop this area, strengthen their status, regularly engage with their existing investors and recruit new investors".
