Amiad Water Systems Ltd - Israel-based water treatment and filtration systems - Proposes listing of shares on the Tel Aviv Stock Exchange, which remains subject to several conditions including shareholder approval.
However, following a review of the benefits and drawbacks, Amiad is looking to cancel its shares on London's AIM, believing that trading on the TASE would be more suitable due to lower costs and exposure to local Israeli funds and investors.
Current stock price: 338.00 pence
Year-to-date change: up 35%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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