SodaStream Will Begin Dual Listing on TASE
Dec 16, 2015, 11:18 ET
TEL AVIV, Israel, December 16, 2015 /PRNewswire/ --
The Minister of Justice and SodaStream's management took part in the Opening Bell Ceremony at the Tel Aviv Stock Exchange (TASE), to mark the dual-listing of SodaStream shares on TASE.
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During the ceremony, the Minister of Justice, Ms. Ayelet Shaked, said: "I am happy to be here today. The Tel Aviv Stock Exchange is the natural place for any Israeli company to trade and we need to make a joint effort to attract additional companies to list in Tel Aviv. This exchange is a reflection of the Israeli economy which is robust and thriving, therefore we should reinforce and celebrate this economy with a strong stock exchange. At the Ministry of Justice, together with the Deputy Attorney General, Avi Licht, we are leading a deliberate effort to provide regulatory relief to encourage additional dual-listings following the listing of SodaStream today. It is a great accomplishment to the State of Israel that an Israeli company, such as SodaStream, which employs more than 2,000 employees in Israel, will be listed on the Exchange. SodaStream is a source of great pride to us all and an inspiring symbol of coexistence."
Daniel Birnbaum, CEO of SodaStream said: "In the last year, we have sold more than 50 million products in 45 countries around the world, and each time someone buys one of these products, we are so proud to be planting a little Israeli flag in that home -- whether in Tokyo, Paris, Sydney or New York. We bring a message of health, convenience, environmental sustainability and fun, and do so as proud Israelis. We have chosen to set up our flagship factory in the Negev, with an investment of nearly $70 million, and we employ 2,000 people in Israel from diverse backgrounds, representing the rich tapestry of the Israeli society. Therefore, it is only natural that we list our company for trading also on the Tel Aviv Stock Exchange. I am delighted that beginning today we are trading also at home and hope that other Israeli companies will follow in our footsteps."
Amnon Neubach, Chairman of the Board of the TASE said: "SodaStream is a pioneer, paving the way for those who will follow. We are hopeful and are making every effort to ensure that SodaStream will be followed by an increasing number of companies to become dual-listed in TASE. I wish to thank the Minister of Justice, Ayelet Shaked, and the Deputy Attorney General, Avi Licht, for their commitment to the promotion of reliefs' legislation that will encourage the dual-listing of Israeli companies, for the benefit of the investment community as well as the entire Israeli economy."
For more information please contact:
Idit Yaaron or Orna Goren, TASE, +972(076)-8160405/6
Visit the Tel Aviv Stock Exchange's Website: http://www.tase.co.il
SOURCE Tel Aviv Stock Exchange (TASE)
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