Ordinary shares currently are listed on NASDAQ and will be listed on the Tel Aviv Stock Exchange (TASE) beginning January 12, 2016 under ticker symbol ABIL.
Ability Inc. (NASDAQ: ABIL; ABILW) (“Ability”), a leading provider of innovative tactical communications intelligence solutions, announced today that the Tel Aviv Stock Exchange (TASE) has approved the listing of the ordinary shares of Ability and trading is expected to begin on or about Tuesday, January 12, 2016 under the ticker symbol ABIL.
Anatoly Hurgin, Chief Executive Officer of Ability, stated: "As an Israel-based company, we are pleased to dual-list on the Tel Aviv Stock Exchange. It will allow local investors to be part of the Ability story, which represents Israeli ingenuity and innovation."
TASE CEO, Yossi Beinart said, “We welcome Ability to the Tel Aviv Stock Exchange. Ability joins a group of cross-listed companies entitling them to significant benefits, including added exposure to institutional and retail investors in Israel as well as the extension of the trading day.”
The shares of Ability will continue to be listed on NASDAQ, subject to the rules and regulations applicable to NASDAQ-listed companies. Investors should note that trading on the TASE occurs Sunday through Thursday from 9:30 am to 5:30 pm Israel time, except on TASE trading holidays. The TASE Clearing House is electronically linked to the Depository Trust Company, a subsidiary of the Depository Trust & Clearing Corporation, to automate the cross-border settlement of shares listed on both the TASE and a U.S. Exchange. The Tel Aviv listing is secondary to Ability’s primary listing on NASDAQ. No new shares are to be issued in connection with the admission to trading on the Tel Aviv Stock Exchange.