LONDON and TEL AVIV, Israel, Feb. 8, 2016 /PRNewswire/ -- Matomy Media Group Ltd. (LSE: MTMY) ("Matomy" or the "Company"), a leading provider of digital performance-based advertising, announces today that the Tel-Aviv Stock Exchange ("TASE") has approved Matomy's TASE Dual Listing Application pursuant to the Israeli Dual-Listing Law.
Following admission to TASE, it is assumed that Matomy's shares will qualify for inclusion in the following indexes at the next quarterly review: TA Composite, TA MidCap-50, TA MidCap, TA Tech Elite, TA BlueTech, TA Technology.
Matomy expects that its ordinary shares will be admitted to trading on the Tel-Aviv Stock Exchange shortly, following the finalization of certain settlement mechanics related to the TASE Dual Listing. Matomy will publish a further announcement confirming the timetable in due course.
No further action is required by the Company's existing shareholders and the Company's shares will continue to be admitted to trading on the High Growth Segment of the London Stock Exchange plc's Main Market.
Ofer Druker, Matomy's Chief Executive Officer, said, "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."
Yossi Beinart, CEO of the Tel Aviv Stock Exchange: "We congratulate Matomy on joining the Tel Aviv Stock Exchange and we thank the company for its vote of confidence in us. The dual listing of Israeli companies with global presence on TASE is important for the company, the Exchange and the Israeli economy. It gives Israeli investors the opportunity to invest in the company. Matomy will be joining an increasing number of Israeli companies, which understand the financial value of trading on TASE. We will continue to work on bringing additional Israeli companies, which are listed in the U.S. and in London, into the Tel Aviv Stock Exchange."
About Matomy Media Group Ltd.
Matomy Media Group Ltd. (LSE: MTMY) is one of the world's leading digital performance-based advertising companies, delivering results across web, mobile and social media platforms. Matomy provides a single gateway to all digital media channels, and combines internal media capabilities with advanced optimization technology to ensure quality leads and sales for its advertising clients and maximum monetization for its media partners. The media channels include: a display ad network, mobile, social, video, email marketing, search marketing (SEM and SEO) and domain monetization.
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Established in September 1953, the Tel Aviv Stock Exchange (TASE) is an efficient one-stop shop for the Israeli securities industry, hosting an increasingly sophisticated range of products available to investors, including shares, corporate bonds, treasury bills and bonds, index-tracking products and derivatives. The exchange is home to 461 listed companies with a total market capitalization of U.S$ 200 billion, 600 corporate bonds and 640 Exchange-Traded Notes. TASE is a fully-automated exchange with a central order book trading system, providing clearing, settlement and depository services to local and international investors. To learn more Visit TASE.
Some statements in this announcement are forward-looking. They represent expectations for the Optimatic's and Matomy's businesses, and involve risks and uncertainties. These forward-looking statements are based on current expectations and projections about future events, and both Matomy and Optimatic believe that current expectations and assumptions with respect to these forward-looking statements are reasonable. However, because they involve known and unknown risks, uncertainties may exist in some cases beyond the control of Matomy and Optimatic, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.
SOURCE Matomy Media Group Ltd.