Tel Aviv Stock Exchange Ltd. · TASE:TASE
Tel Aviv Stock Exchange — Investor Presentation (2021)
11 slides from Tel Aviv Stock Exchange's investor presentation, 2021
Slide 1: TASE Dual Listing: A win-win strategy
TASE Dual Listing A win-win strategy
Slide 2: Part of the global capital markets
Part of the global capital markets Israel was upgraded TASE is member of the 52 Companies dual- Designated offshore No international currency from an emerging to a DTCC & EUROCLEAR - listed with international securities market by the restrictions developed market: Facilitating settlement, exchanges
Slide 3: Developed Dual Listing Framework
Developed Dual Listing Framework Back to the home Court of Israeli Companies Recognized exchanges: Partnership with SGX to Allows both Israeli and foreign NASDAQ, NYSE, London Stock allow Israeli high-tech companies (without adding Exchange, Hong Kong companies to raise capital additional regulatory
Slide 4: Strong, Growing & Resilient Domestic Economy
Strong, Growing & Resilient Domestic Economy Developed Market Legal & Regulatory Institutions “Start-up Nation” ◼ Member of OECD since 2010 ◼ Democratic values & transparent ◼ Unparalleled entrepreneurship, especially in high-tech sector legal system > AA- Stable ◼ Highest rate of R&D investment as
Slide 5: The Benefits of Dual Listing
The Benefits of Dual Listing From the companies’ point of view: NEW More Israeli Index funds Index- Continuous Raising Listing Expenses investors (TA-35,TA-90, Options Trading money are tax institutional and TA-125, TA SME-60 TA-35 & TA-125 13-hour continuous on TASE deductible individual and and Te
Slide 6: Prominent Dual Listed Companies
Prominent Dual Listed Companies Total Average Daily Trading Volume on Market Capitalization Share of TASE Trading Volume Company Symbol TASE & US June 30, 2021 ($M) H1 2021 H1 2021 ($M) Nice NICE 15,416 97.9 19% Elbit Systems ESLT 5,722 11.0 64% Ormat Technologies * ORA 3,876 72.5 13% Tower Semicond
Slide 7: Companies Before & After Dual Listing
Companies Before & After Dual Listing Average Daily Average Daily Trading Trading Volume Share Portion of TASE Trading Volume Market Cap Volume, U.S.A/London Trading Volume % TASE + U.S.A Company Dual Listing Date June 30, of change after 2021 ($M) 3 months before dual 3 months 3 months dual listing
Slide 8: ETFs Market in Israel
ETFs Market in Israel June 2021 Assets Under Management $21.1B $8.0B 371 ETFs on 174 ETFs on Equity Indices Debt Indices TA-35 TA-90 TA-125 SME-60 TA-Technology Major equity indices $1.4B $1.4B $2.6B $0.1B $0.2B 35 biggest 90 next biggest TA-35 & 60 next biggest Technology shares shares shares after
Slide 9: Dual Listing
Dual Listing June 2021 52 companies are dually-listed on the US/London and TASE The prominent companies: 12 14 26 11 34 38 companies are companies are companies are companies are companies are companies are included in the included in the included in the included in the included in the included in t
Slide 10: Dual Listing – Harmonized Rules
Dual Listing – Harmonized Rules Companies that have been Companies with market Which companies can Regular traded on the NASDAQ, Fast capitalization exceeding US$ dual list? Track NASDAQ Global Market* ,NYSE Track 150 million (regardless of how MKT, SGX , LSE,TMX for at least long they have been lis
Slide 11: Annual Fee for dual listed companies in Israel
Annual Fee for dual listed companies in Israel Market Cap* Market Cap* Annual Fee* US $ millions US $ millions US $ 000 0 92 1.5 92 153 4.6 TASE 153 306 6.2 (No charge on the calendar From to 306 765 9.3 year of listing) 765 3,060 12.3 3,060 and Up 15.4 Shareholders’ Shareholders’ Annual Fee Equity*
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