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TASE, October 22nd, 2009 - The Tel Aviv Stock Exchange (TASE) Board of Directors adopted a resolution to alter the threshold conditions for inclusion in TASE share price indices as follows: for the TA-25 index threshold conditions set prior to the financial crisis will be reinstated, i.e., minimal float of 25% and float market value at least NIS 600 million (approximately US$160 million). For all other TASE indices, thresholds adopted by temporary order will be extended for an additional six months, i.e. a minimal float of 20% and one third float market value lower than the threshold originally set prior to the financial crisis.
In wake of the financial crisis that affected capital markets around the globe, the TASE Board of Directors adopted a temporary order at the end of 2008, valid for one year, which lowered threshold conditions for a share’s inclusion in TASE share price indices. This temporary order expires on 15 December, 2009.
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