This morning, (August 15), Y.D. MORE INVESTMENTS management celebrated its Listing at the Tel Aviv Stock Exchange by taking part in the Opening Bell Ceremony.
The company manages mutual funds, investment portfolios and hedge funds. It joins TASE's Financial Services sector, which today consists of 14 companies with a total market value of approx. NIS 5 billion.
Since the beginning of 2017, 14 new companies joined TASE, having raised approx. NIS 2.7 billion.
Yossi Levy, CEO at Y.D.MORE INVESTMENTS: "This is a major milestone in the development of the company - our second home. As a public investment house, we believe that we are setting a new standard for professionalism and transparency vis-a-vis our customers. We are obliged to invest our utmost effort for the benefit of our investors, which is the exact manner in which we believe public companies should act."
Hani Shitrit Bach, TASE SVP and Head of Economic Department: "The Company was established in 2006 and has since been developing in a remarkable pace. The value of the properties it is managing has risen from approx. NIS 2.3 billion in 2012 to approx. NIS 18.7 billion today. In 2016, its net profit was approx. NIS 14 million. On the eve of its IPO, More decided on a dividend policy of distributing 80% of its current profit, starting from profits made in 2016. The company's shares will join the following indices in the beginning of October: the TA-Growth Index, the TA-All Share Index, the TA-Finance Index, and the TA Insurance-Plus Index. We wish the company much success in the future."
Pictured, from right to left:
Amnon Neubach, Chairman of the Board of the Tel Aviv Stock Exchange; David Meirov, Controlling shareholder; Meir Gridish, Director and acting chairman of the board of directors;
Eli Levy, CEO at More Mutual Funds and Chief Investments Officer; Michael Meirov, Controlling shareholder; Yossi Levy, CEO at More Investment House and More Portfolio Management; Yossi Meirov, Controlling shareholder; Benni Meirov , Chairman of the board of directos; Dotan Meirov, Controlling shareholder; Oded Meirov, Controlling shareholder; Ittai Ben Zeev, TASE CEO; Hani Shitrit Bach, TASE SVP and Head of Listing & Economics Department.