Hadasit Bio-Holdings

Press Releases

Notification of the termination of ADS listing and trading

Jun. 21, 2016

HBL - Hadasit Bio-Holdings Ltd.
(hereinafter: “the Company”)


June 21th, 2016


To:

The Israel Securities Authority   The Tel Aviv Stock Exchange Ltd.
(www.isa.gov.il)     (www.tase.co.il)


Re: Notification of the termination of ADS listing and trading


Further to the Company’s immediate release, dated the 19th of June, 2011, with regard to entry into the ADS trade program, the Company hereby announces that the Company notified the Bank of New York Mellon (hereinafter: “the Bank”) that it will end the fiduciary agreement between the Company and the Bank, and consequently, that it will terminate the listing and trading of the Company’s Level I ADS (American Depositary Shares) (hereinafter: “ADS”), which are listed for trade in the OTCQB marketplace, in the United States, effective as of July 18, 2016.
ADS certificate holders may return them to the bank, and in exchange, receive the company shares specified in the certificate. Alternatively (if they do not do so), after November 18, 2016, the Bank may sell the said shares and credit them with the sale consideration.

 


Yours truly,
       

Mr. Baruch Halpert,
Chairman of the Board of Directors,
HBL - Hadasit Bio-Holdings Ltd.
 

 
 

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