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