Minrav Group has entered into an agreement with the Tel Aviv Stock Exchange under a dedicated Tailor-Made market making program for the Company’s shares, within which the Exchange enables listed companies to enroll in a track tailored to the specific needs of each company.
The decision to join the program reflects the Company’s aim of broadening its exposure in the capital market, improving the liquidity of its shares, and providing local and international investors with more convenient and efficient access to trading in the shares.
The dedicated market making program is expanding to include companies that are not constituents of the TA-125 Index, with Minrav Group now joining the program. To date, nine companies are registered in the program
The Company has a market capitalization of approximately NIS 2 billion and is joining the program in recognition of the importance it places on increasing the tradability and liquidity of its shares and strengthening its standing among local and international investors.
As part of the dedicated program for Minrav Group, Migdal Market Making, which currently serves as market maker for the Company’s shares, will continue to operate, but under improved parameters compared with those applicable under the standard program.
The program will be managed by the Tel Aviv Stock Exchange in full coordination with Minrav Group and in accordance with the defined objectives. The Exchange will provide the Company with ongoing liquidity reports regarding activity under the program.
