Ormat to seek dual listing in New York and Tel Aviv
Las Pialas plant, Costa Rica (source: Ormat)
Alexander Richter
12 Ara 2014
The corporation expects to initiate the listing process at the earliest possible time taking into account regulatory and practical considerations.
Ormat Technologies, Inc. announced recently that in connection with the pending transaction, the corporation’s board of directors approved a decision to list its shares on two international stock exchanges, in addition to its current listing on the New York Stock Exchange (NYSE), one of which will be the Tel Aviv Stock Exchange (“TASE”).
“As Ormat Technologies works to complete its acquisition of its parent entity, Ormat Industries, through a share exchange and consolidate into a more, streamlined organizational structure, the additional listings will further our goals of increasing liquidity and attracting a broader investor base” said Ormat CEO Isaac Angel.
The corporation expects to initiate the listing process at the earliest possible time taking into account regulatory and practical considerations.
Source: Press Release by Ormat
