This morning the management of Aspen Group rang the bell to open trading on TASE, to mark the 25th anniversary of the company’s listing on TASE.
The company was founded 40 years ago by Mario Lesnik and is engaged in the acquisition, rental, management and betterment of income-producing properties, which include buildings used for industry, logistics, offices, services and commerce, located in Israel, Holland, Germany and Switzerland. In addition, the company has investments in solar farms and electricity production facilities in Israel and Italy.
Guy Pereg, Chairman of Aspen Group: “We are delighted to be marking Aspen Group’s 25th anniversary as a public company whose shares and debentures are traded on TASE. Aspen Group has come an extremely long way in its time as a TASE company and, since Rony Zarom acquired control of the company, it has considerably expanded its operations and has become an extremely active property company, with its activities being focused in Israel, Holland and Germany. The scope of the properties that Aspen Group owns has grown and now totals approx. NIS 2.4 billion. We consider TASE to be an important and integral platform to furthering Aspen Group’s growth. Over the years, we have raised equity and debt in a scope of more than NIS 1 billion, and we will continue to do so in the coming years”.
Adi Barkan, EVP and Chief Compliance Officer at TASE: “After 25 years that Aspen Group has been traded on TASE today the company has a market value of approx. NIS 460 million and anticipated revenues in excess of NIS 200 million annually. The company has an annually-updated dividend distribution policy and is included in the TA-SME60 Index, the TA-SME150 Index and the TA-Real Estate Index. Its share yield since the beginning of the year stands at about 20%. We wish the company many more years of growth for the benefit of its management, workers and the public invesors ”.
Pictured: Aspen Group’s management – Rony Zarom, the company’s controlling shareholder; Guy Pereg, Chairman of the Board of Directors; Guy Elias, CEO; Tsofit Harel, Chief Financial Officer; Bert Knot, VP Business Development; Victor Arbiv, VP Property and Marketing; Keren Ben-Zvi, Legal Counsel and Company Secretary; representatives of TASE’s management – Adi Barkan, EVP and Chief Compliance and Enforcement Officer for TASE and the Clearing Houses; Ittai Ben-Zeev, TASE’s CEO; and Amnon Neubach, Chairman of TASE’s Board of Directors”.
Photo credit: Guy Assiag, for no financial consideration.
