|
Allot Communications Announces Approval of Dual Listing on the Tel-Aviv Stock Exchange
BOSTON, November 29, 2010 /PRNewswire via COMTEX/ --
Allot Communications
Ltd. (NASDAQ: ALLT), a leading supplier of service optimization and revenue
generation solutions for fixed and mobile broadband service providers
worldwide, announced today that the Tel-Aviv Stock Exchange ("TASE") has
approved the dual listing of the Company's ordinary shares on the TASE
beginning at market open on December 21, 2010, under the ticker symbol ALLT.
The Company's ordinary shares will continue to be listed on the NASDAQ Global
Select Market in the United States, and Allot will remain subject to the
rules and regulations of NASDAQ and of the U.S. Securities and Exchange
Commission.
Allot will host a welcoming ceremony on December 20, 2010 at 09:30 AM
Israel time at the Tel-Aviv Stock Exchange Visitor Center at 54 Ahad Ha'am
Street, Tel Aviv. Rami Hadar, President and CEO of Allot, and Nachum Falek,
CFO, will speak and will be available for questions.
"We are very pleased to welcome Allot to the Tel-Aviv Stock Exchange,
where the company joins an increasing number of dual-listed high-tech
companies," said Ester Levanon, CEO of the Tel-Aviv Stock Exchange. "The TASE
is the home of Israel's innovative and growing companies. Allot joins some
140 high-tech listed companies which reflects the strong position of the
Tel-Aviv Stock Exchange in the Hi-Tech and biotech industries. We are
confident that the dual listing will enable Allot to increase its exposure to
Israeli investors, enjoy expanded trading hours and facilitate quick and easy
investor access to the Company's shares."
"We are pleased to join the TASE with this new dual listing," said Rami
Hadar. "While we have been considering this step for a long time, recently we
have seen a significant increase in interest in Allot among Israel's large
and sophisticated institutional investors. We believe that this step will
continue to expand our exposure to the Israeli investment community, as well
as provide trading access for European investors during regular European
business hours."
Allot, with a market capitalization of approximately $180 million, is
expected to become part of the Tel-Tech 15 index and the Mid-Cap 50 index
using the TASE's fast track system. This enables dual-listed companies to
enter the leading stock exchange indices shortly after they have been
dual-listed.
Trading on the TASE occurs Sunday through Thursday from 9:45 AM to 4:30
PM Israel time, except on TASE trading holidays. Through the Dual Listing Law
that took effect in October 2000, U.S.-listed companies may dual-list on the
TASE without any additional regulatory requirements. TASE links to the U.S.
markets with a direct link to DTC, a subsidiary of the Depository Trust &
Clearing Corporation, which facilitates the trading of dually-listed
securities.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of
intelligent IP service optimization solutions for fixed and mobile broadband
operators and large enterprises. Allot's rich portfolio of solutions
leverages dynamic actionable recognition technology (DART) to transform
broadband pipes into smart networks that can rapidly and efficiently deploy
value added Internet services. Allot's scalable, carrier-grade solutions
provide the visibility, topology awareness, security, application control and
subscriber management that are vital to managing Internet service delivery,
enhancing user experience, containing operating costs, and maximizing revenue
in broadband networks. For more information, please visit
http://www.allot.com.
Investor Relations Contact:
Jay Kalish
Executive Director Investor Relations
International access code +972-54-221-1365
jkalish@allot.com
SOURCE Allot Communications Ltd.
[ Back To TMCnet.com's Homepage ]
|
Call Center/CRM
Info Tech 
IP Communications 
Mobile 
Green 
Satellite 
Robotics 
Internet Telephony Magazine
Click here to read latest issue
CUSTOMER 
Cloud Computing Magazine
Click here to read latest issue
M2M Evolution Magazine
