Ahead of the launch of TASE's index reform on February 9, 2017: All the large companies expected to be included in TASE's new flagship index, the TA-35, are in compliance with rules concerning their free float rate

Press Release
11/12/2016
 
In addition, TASE eases matters for medium and small sized companies, and extend the target date for complying with the free float rate for stocks included in the TA-90 and SME-60 indices.​

As part of its overall effort to refine the trading process and encourage liquidity, TASE has taken action, through its indices reform, to increase the minimum rate of public holdings required for inclusion in TASE indices.

Over the past year, TASE staff has made efforts to accompany all companies in the process of increasing their public holdings rate, and indeed, all of the companies that are expected to be included in the flagship TA-35 Index have met the target rate of more than 30% of public holdings.

In addition, some of the companies that are expected to be included in the smaller indices (TA-90 and SME-60) are finding it somewhat difficult to increase their public holdings rate due to, among other things, relatively low company worth and the depth of market liquidity.  In light of this and based on the understanding of the importance of increasing the public holdings rate, TASE has consented to the companies' request and decided to extend the period for meeting the public holdings target rate by an additional 12 months from the effective date of the reform. 

Accordingly, companies that are required to raise their public holdings rate to 25% by the end of 2016 and to 30% by June 30, 2016 will be able to remain with their existing public holdings rate and continue to be included in the indices - for an additional 12 months from the effective date of the reform.​