Matomy Media Group Ltd. (LSE:MTMY) (“Matomy” or the “Company”), a leading provider of digital performance-based advertising, announces today that the Tel-Aviv Stock Exchange (“TASE”) has approved Matomy’s TASE Dual Listing Application pursuant to the Israeli Dual-Listing Law.
Following admission to TASE, it is assumed that Matomy’s shares will qualify for inclusion in the following indexes at the next quarterly review: TA Composite, TA MidCap-50, TA MidCap, TA Tech Elite, TA BlueTech, and TA Technology.
Matomy expects that its ordinary shares will be admitted to trading on the Tel-Aviv Stock Exchange shortly, following the finalization of certain settlement mechanics related to the TASE Dual Listing. Matomy will publish a further announcement confirming the timetable in due course.
No further action is required by the Company’s existing shareholders and the Company’s shares will continue to be admitted to trading on the High Growth Segment of the London Stock Exchange plc’s Main Market.
Ofer Druker, Matomy’s Chief Executive Officer, said, “We are delighted to announce our imminent dual-listing on the Tel-Aviv Stock Exchange. We are confident that this listing will make our shares more accessible to Israeli investors, and enhance our share liquidity, trading volumes, and the number of our shareholders. We believe that. Our continued growth and business success, combined with the listing on the Tel-Aviv Stock Exchange, will further enhance our market capitalization and liquidity, building value for existing and new shareholders”.
Yossi Beinart, CEO of the Tel Aviv Stock Exchange: "We congratulate Matomy on joining the Tel Aviv Stock Exchange and we thank the company for its vote of confidence in us. The dual listing of Israeli companies with global presence on TASE is important for the company, the Exchange and the Israeli economy. It gives Israeli investors the opportunity to invest in the company. Matomy will be joining to an increasing number of Israeli companies, which understand the financial value of trading on TASE. We will continue to work on bringing additional Israeli companies, which are listed in the US and in London, into the Tel Aviv Stock Exchange".
