News & Media
Visonic Market Maker Appointed Tel-Aviv Stock Exchange
Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and manufacturer of electronic security systems (alarms) and home management systems, announces that it has entered into an Agreement, for Market Making in Israel in Visonic’s securities with Clal Finance Batucha Investment Management Ltd (“Clal Finance”), in accordance with the Tel Aviv Stock Exchange Regulations.
Under the Agreement, which is conditional upon receipt by Clal Finance of authorisation from the Tel Aviv Stock Exchange (“TASE”), Clal Finance will act as a market maker, for a one year period, in connection with the trading of Visonic’s ordinary shares on TASE. In order to provide liquidity for Clal Finance’s market making operations, the controlling shareholder, Mr Yaacov Kotlicki, will make available 250,000 shares, by lending them to Clal Finance.
In March, Visonic announced that it had become the second Israeli company traded on the London Stock Exchange to perform a dual listing on the Tel Aviv Stock Exchange.
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For further information please contact:
| Dr Avi Shachrai | (President & CEO) |
| Yair Naaman | (CFO) |
| Visonic | |
| Tel: | + 972 3 645 6700 |
| Website: | www.visonic.com |
| Alistair Mackinnon-Musson | |
| Nicola Savage | |
| Hudson Sandler | |
| Tel: | + 44 (0)20 7796 4133 |
| Email: | visonic@hspr.com |
