8th Feb 2016 10:40
LONDON (Alliance News) - Digital advertising company Matomy Media Group Ltd said Monday that its dual listing on the Tel-Aviv Stock Exchange has been approved.
The company expects its shares to be admitted to trading on the Tel-Aviv Stock Exchange shortly, while they will continue to trade on the London Stock Exchange's Main Market.
"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," said Chief Executive Officer Ofer Druker in a statement.
Shares in Matomy were up 8.6% at 115.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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