Shefa Yamim begins trading on the London Stock Exchange
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Avi Taub, chief executive of Shefa Yamim A.T.M Limited (LON:SEFA), speaks to Proactive a day after kicking off trading on the London Stock Exchange’s official list, following a placing and subscription at 110p per ordinary share.
The company raised gross proceeds of £4.15mln, through the placing and a conversion of existing loans, and based on the placing price, the company’s initial market capitalisation was approximately £15.3mln.
The company was a 75% owned subsidiary of Shefa Yamim Ltd, which is listed on the Tel Aviv Stock Exchange, but following the London float, the shareholding of Shefa Yamim Ltd has reduced to 48.9%.
The company raised gross proceeds of £4.15mln, through the placing and a conversion of existing loans, and based on the placing price, the company’s initial market capitalisation was approximately £15.3mln.
The company was a 75% owned subsidiary of Shefa Yamim Ltd, which is listed on the Tel Aviv Stock Exchange, but following the London float, the shareholding of Shefa Yamim Ltd has reduced to 48.9%.