Quantcast

Ellomay Capital Announces Appointment of Market Maker in the Tel Aviv Stock Exchange

March 4, 2014

TEL AVIV, Israel, March 4, 2014 /PRNewswire/ –

Ellomay Capital Ltd. (NYSE MKT: ELLO; TASE: ELOM) (“Ellomay” or the “Company”),
announced today that it entered into a market making agreement with Stock Exchange and
Investment Services in Israel I.B.I Ltd. (“I.B.I”), for the purpose of market making in
the Company’s ordinary shares on the Tel Aviv Stock Exchange Ltd. (“TASE”).

Pursuant to the market making agreement, I.B.I will make a market for the Company’s
ordinary shares in accordance with the rules, regulations and instructions of the TASE and
the resolutions of the TASE board of directors. The initial term of the market making
agreement is one year, automatically renewed for additional one year periods, subject to
certain customary termination rights as set forth in the market making agreement.

Following receipt of the requisite TASE approval, I.B.I commenced its market making
activities in the Company’s ordinary shares on March 4, 2014.

About Ellomay Capital

Ellomay is an Israeli public company whose shares are listed on the NYSE MKT stock
exchange and on the Tel Aviv Stock Exchange, which focuses its business in the energy and
infrastructure sectors worldwide and is chaired by Mr. Shlomo Nehama, former Chairman of
Bank Hapoalim, and controlled by Mr. Nehama and Kanir Joint Investments (2005) Limited
Partnership, which is controlled by Mr. Ran Fridrich and Mr. Hemi Raphael.

Ellomay’s main assets include twelve photovoltaic plants in Italy with an aggregate
nominal capacity of approximately 22.6 MWp (six in the Puglia Region, four in the Marche
Region and two in the Veneto Region), 85% ownership of a photovoltaic plant in Spain with
a nominal capacity of approximately 2.3 MWp, and 7.5% indirect holdings in Dorad (with an
option to increase such holdings to 9.375%), Israel’s largest private power plant, which
is in the final stages of construction and is expected to have an aggregate capacity of
approximately 800MW (representing approximately 8% of Israel’s current electricity
consumption).

Information Relating to Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks
and uncertainties, including statements that are based on the current expectations and
assumptions of the Company’s management. All statements, other than statements of
historical facts, included in this press release regarding the Company’s plans and
objectives, expectations and assumptions of management are forward-looking statements. The
use of certain words, including the words “estimate,” “project,” “intend,” “expect,”
“believe,” “anticipate,” “will,” “plan,” “could,” “may” and similar expressions are
intended to identify forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans,
intentions or expectations disclosed in the forward-looking statements and you should not
place undue reliance on the Company’s forward-looking statements. Various important
factors could cause actual results or events to differ materially from those that may be
expressed or implied by our forward-looking statements. These and other risks and
uncertainties associated with the Company’s business are described in greater detail in
the filings the Company makes from time to time with Securities and Exchange Commission,
including its Annual Report on Form 20-F. The forward-looking statements are made as of
this date and the Company does not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events or otherwise.

        Contact:
        Kalia Weintraub
        CFO
        Tel: +972(3)797-1111
        Email: anatb@ellomay.com

SOURCE Ellomay Capital Ltd


Source: PR Newswire



comments powered by Disqus