29th Oct 2018 09:38
LONDON (Alliance News) - Energean Oil & Gas PLC on Monday reported commencement of dealings in its shares on the Tel Aviv Stock Exchange.
The FTSE250-listed oil & gas producer said it will maintain its primary listing on the Main Market of the London Stock Exchange.
Energean said its shares will be "fully transferrable and fungible" between the two markets.
The oil & gas company said it will not issue any new shares with the secondary listing.
In Tel Aviv, Energean expects to become a constituent of the TA-90, the TA-125 and the TA-Oil & Gas indices.
The TA-90 index is composed of the 90 biggest companies listed on the Tel Aviv market not included in the TA-35 index. The TA-125 combines the TA-35 and TA-90 indices.
London listed shares in Energean Oil & Gas were up 3.1% Monday morning at 608.00 pence each.
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Energean Oil & Gas