TEL AVIV, Israel, May 29, 2014 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE MKT: ELLO; TASE: ELOM), ("Ellomay" or
"the Company") an emerging operator in the renewable energy and
energy infrastructure sector, today announced that it will be added
to the MSCI Israel Index as part of the MSCI Global Micro Cap
Indexes beginning the close of tomorrow - Friday, May 30th.
Ran Fridrich, CEO of Ellomay, noted that "Ellomay's goal is to
achieve long term superior returns for its shareholders and it is
gratifying to be included on the MSCI Israel Index. We look forward
to the potential additional visibility that inclusion in the index
may bring."
Ellomay is one of twelve Israeli microcap companies being added
to the index this week while five other current constituents will
be removed. MSCI Inc. is a leading provider of investment
decision support tools to investors globally, including asset
managers, banks, hedge funds and pensionfunds. MSCI products and
services include indexes, portfolio risk and performance analytics,
and governance tools.
About Ellomay Capital Ltd.
Ellomay is an Israel-based
company whose shares are registered with the NYSE MKT, under the
trading symbol "ELLO" and with the Tel Aviv Stock Exchange under
the trading symbol "ELOM." Since 2009, Ellomay Capital
focuses its business in the energy and infrastructure sectors
worldwide. Ellomay (formerly Nur Macroprinters Ltd.) previously was
a supplier of wide format and super-wide format digital printing
systems and related products worldwide, and sold this business to
Hewlett-Packard Company during 2008 for more than $100 million.
To date, Ellomay has evaluated numerous opportunities and
invested significant funds in the renewable, clean energy and
natural resources industries in Israel, Italy
and Spain, including:
- Approx. 22.6MW of photovoltaic power plants in
Italy and 85% of 2.3MW of
photovoltaic power plant in Spain;
- 7.5% indirect interest, with an option to increase its holdings
to 9.375%, in Dorad Energy Ltd. Israel's largest private power plant, with
production capacity ofapproximately 800 MW, representing about 8%
of Israel's total current
electricity consumption.
Ellomay Capital is controlled by Mr. Shlomo Nehama, Mr. Hemi
Raphael and Mr. Ran Fridrich.
Mr. Nehama is one of Israel's
prominent businessmen and the former Chairman of Israel's leading bank, Bank Hapohalim, and
Messrs. Raphael and Fridrich both have vast experience in financial
and industrial businesses. These controlling shareholders, along
with Ellomay's dedicated professional management, accumulated
extensive experience in recognizing suitable business opportunities
worldwide. The expertise of Ellomay's controlling shareholders
and management enables the company to access the capital markets,
as well as assemble global institutional investors and other
potential partners. As a result, Ellomay is capable of
considering significant and complex transactions, beyond its
immediate financial resources.
For more information about Ellomay, visit
http://www.ellomay.com.
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:
Investor Relations
MZ North America
Dustin Salem
+1-949-259-4998
dustin.salem@mzgroup.us
http://www.mzgroup.us
SOURCE Ellomay Capital Ltd