More Than 100 Public Companies Join The TASE Nominee Company Launched At The Beginning Of 2018 - From Its Inception, The Nominee Company Cut Registration Costs By More Than 50% And Will Continue To Cut Joining Fees In 2019

The TASE Nominee Company Will Launch a Digital Online Portal, Which Will Enable Public Companies Secure Digital Document Upload and Will Lower the Cost of Digital Services Provided to Public Companies

The TASE Nominee Company continues to gain traction, attracting more than 100  public and reporting companies to join as of November 2018. Some of the more prominent names include: Teva Pharmaceuticals, Ormat Technologies, Israel Electric Corporation, Gilat Satellite Networks, Jerusalem Economic Corporation, Industrial Buildings Corporation, Ratio Oil Exploration, Amidar Israeli Public Housing Company, and Israel Ports Development & Assets.

All four ETN (imminently ETF) issuers, Psagot ETN, Tachlit Trackers, Harel Sal and K.S.M. Sal, have joined as well.

The TASE Nominee Company offers its clients, public and reporting companies, services which are more than 50% less expensive than those offered on the eve of its launch by its three bank-owned competitors, the nominee companies of Bank Mizrahi, Bank Hapoalim and Bank Discount. This TASE initiative to lower the costs incurred by public companies has enhanced competition, and led competitors to lower the costs they charged public companies up to the launch of the TASE Nominee Company.

In 2019, the Company will offer its services at even lower costs than those offered in 2018. This comes as a result of the experience gained throughout its first year of operation and the ensuing improvements in efficiency engendered by the inclusion of these services under TASE’s umbrella, given TASE’s vast experience in understanding and handling the needs of public companies.

One of the Company’s key advantages is its development of an advanced digital system for paperless capital registration management, which obviates the need for physical certificates and saves public companies both bureaucracy and costs.

In addition, the Nominee Company is advancing the launch of its digital portal, which for the first time ever will enable the secure digital upload of documents and will do away with the need to transfer original documents by courier, further lowering the costs of securities registration for public companies. In addition to enabling document upload, the portal will enable clients to digitally track the various actions involved in the process of registering securities handled by the TASE Nominee Company in a secure and user-friendly manner.