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(Alliance News) - BATM Advanced Communications Ltd has applied for listing its ordinary shares on the Tel Aviv Stock Exchange, the networking and medical technology company said Monday.
BATM expects trading on Tel Aviv's TA-90 index, one of its leading indices, to begin on July 11. The company decided to pursue the Tel Aviv listing to gain more liquidity and to make its shares more accessible.
Chief Executive Dr Zvi Marom said: "This is an exciting time for BATM with great progress being made across our business and listing on TASE will expand the accessibility of our growth story to a wider pool of investors."
"We are a global company that has its headquarters and extensive operations in Israel and recently raised USD18 million from investors in the UK and Israel."
BATM said it will continue to trade in London.
Shares in the company were down 0.2% at 42.00 pence in London on Monday afternoon.