THE TEL-AVIV STOCK EXCHANGE NOMINEE COMPANY

The Tel-Aviv Stock Exchange Nominee Company Ltd. was established in January 2018 as part of the TASE Group and is the largest and leading nominee company in the market.

Our hundreds of customers enjoy the most comprehensive services on the capital market, which allow them to transact with the Nominee Company with the click of a button, without drafting documents, signing them manually and having them delivered by courier.

The Nominee Company, an innovation leader, is the only nominee company that is fully digitized.

This saves the companies significant time and money.

Alongside the cutting-edge digital capabilities, the Nominee Company Team offers its customers personalized professional service and is dedicated to the success of the company.
The hybrid services of the Nominee Company are tailored to the specific needs of each customer.

We are the nominee company of choice for more than 80% of first-time issuers.

The majority of the offerings handled by the Nominee Company Team are among the largest and most complex in the capital market.

Why does a company require a nominee company?

The Securities Law requires a company that is listing its securities on the Stock Exchange to register all of its securities in the name of a nominee company.
Pursuant to the by-laws of the TASE Clearing House, even securities that are registered in the Clearing House only (NLS) must be registered with a nominee company.

What are the advantages of joining the Tel-Aviv Stock Exchange Nominee Company?

  • One stop shop - TASE provides all of the services under a single umbrella
  • New- Comprehensive digital system - enabling any transaction at a click of a button, without the hassle of paperwork and bureaucracy
  • Hybrid platform - customers enjoy specifically tailored services.
  • The Nominee Company’ professional team - possesses substantial experience and expertise in the work of TASE
  • Paperless digital offering - New service for the new issuers
  • Innovative digital - Digital, Secure and Easy Exercise of Stock Options service in collaboration with the trustees

Areas of activity of the Nominee Company:

  1. Registration of securities in the name of the Nominee Company and their deposit with the TASE Clearing House to the credit of the Clearing House members The Nominee Company is responsible for handling all types of applications for change in equity that is registered in the name of the Nominee Company including, among others, offering, private placement, exercise of trading and non-trading warrants, commercialization of certificates, redemptions, withdrawals and more.

    The TASE Nominee Company serves as trustee for TASE Clearing House in all matters pertaining to the inventory management of the securities registered with the TASE Clearing House.

    Inventory management is conducted in accordance with the Nominee Company’s undertakings toward the issuing company and the Clearing House.

  2. Ongoing handling of the rights relating to the securities as part of the related company events and payments.

    Common payments that are handled by the Nominee Company include, among others: interest, dividend, partial and final redemption and more.
    The TASE Nominee Company fulfills two key functions in the handing company events and payments:

    Transferring payment forecast reports and coordinating with the issuing company prior to the payment date
    Approximately two weeks prior to the payment date, or starting with the record date, the TASE Nominee Company transfers a payment forecast report to the issuing company and coordinates the payment with it.

    Supervising payment execution at the required time and controlling the integrity of its implementation
    The company is required to transfer the impending payment to the TASE Nominee Company’s bank account in accordance with the timetable as specified in the TASE Clearing house by-laws.
    On the payment date, the clearing house makes a withdrawal of the appropriate amounts of money from the TASE member with whom the nominee company’s bank account is held, and transfers such sums to the Clearing House members. This is done in accordance with the quantity of securities that are entitled to the payment, which are registered in favor of each such clearing house member. At the end of the process, the TASE Clearing House members credit the ultimate holders.

  3. Handling of convertible securities - including transferring the payment that was received following the conversion of a security to the account of the company.

How to join?

The process of joining to the TASE Nominee Company’s services is easy.
In return for the services, an annual fee is payable to the Nominee Company, according to the type and size of the company, the capital structure and liabilities of the company and the number of securities it wishes to issue.

You are invited to join our family, alongside hundreds of satisfied customers.
For a quote and/or further information and details, please contact the Nominee Company Team
by phone (+972-76-8160202) or by email (rishumim@tase.co.il)