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The Tel Aviv Stock Exchange (TASE) is the only public stock exchange in Israel, with a history dating back to 1953. TASE provides a platform for trading securities, such as shares, bonds, ETFs, and derivatives, facilitating capital formation for companies. TASE is a significant player in the Israeli financial market, offering a variety of products and services to investors and listed companies. The exchange is committed to innovation and technological advancements to enhance market efficiency and accessibility.
As of the latest update, TASE's Board of Directors approved a plan related to the remaining Arrangement Shares allocated to former members of TASE. The plan includes the announcement and payment of a special dividend to all shareholders, as well as the sale of shares by certain members. This initiative aims to resolve disputes and strengthen TASE's position through strategic investments in technological infrastructure.
The Tel Aviv Stock Exchange (TASE) announced its financial statements for the period ending September 30, 2022, will be published on November 29, 2022, after market close. A conference call will follow at 8:00 PM (Israeli time) on the same day, hosted by CEO Ittai Ben-Zeev and CFO Yehuda Ben Ezra. The call will be in English, with a presentation available on the Israeli Securities Authority and TASE websites. A recording will also be uploaded the next day. This conference call aims to provide a detailed review of the financial statements.
Cipia (TASE: CPIA) has secured three additional design wins with OEM Chery, increasing their total to six models, all set to begin production in 2023. CEO Yehuda Holtzman expressed confidence in the partnership for advancing driver safety through Cipia's Driver Sense monitoring system. This technology uses AI and computer vision to monitor driver behavior, detecting drowsiness and distractions. The new models will be marketed globally, including in Europe, Australia, and the Middle East. The company currently holds 28 design wins across five manufacturers.
TASE's financial results for Q2 2022 show a strong performance, with EBITDA increasing by 36% year-over-year, reaching NIS 36 million. Revenue for the quarter was NIS 91 million, an 8% rise compared to Q2 2021. The profit also grew by 18% to NIS 14 million. Notably, average daily trading volume surged 33% to NIS 2.5 billion in H1 2022, contributing to a total capital raised of NIS 14.4 billion, which is 54% of the record amount from 2021. TASE welcomed Jump Trading as a new remote member, further enhancing its international presence.
The Tel Aviv Stock Exchange (TASE) will publish its financial statements for the period ending June 30, 2022, on August 8, 2022, after market close. A conference call led by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde will occur at 8:00 PM Israeli time on the same day to review the financial results. Dial-in details are provided for Israel, the US, Canada, the UK, and other locations. The presentation will be available in both Hebrew and English on the Israeli Securities Authority and TASE websites. A recording will be uploaded the following day.
In Q1 2022, the Tel Aviv Stock Exchange (TASE) reported a significant 40% increase in trading volumes of dual-listed shares, reaching a daily average of NIS 473 million. This uptick contrasts with a 11% decline in trading abroad, highlighting TASE's role as a stabilizing anchor amid global market fluctuations. Dual-listed companies accounted for 27% of total trading volumes, up from 19% in 2021. Key players included Israel's large caps, such as Partner and Formula Systems, which showed remarkable trading volume on TASE, reinforcing the exchange's importance for both local and international investors.
The Tel Aviv Stock Exchange (TASE) has initiated its first stock buyback plan, approving up to NIS 36 million to be executed within six months, starting from May 26, 2022. This move aligns with TASE's broader strategy of implementing a total buyback plan of up to NIS 100 million over two years. The buyback is expected to enhance shareholder value and reflects confidence in the company’s financial health.
TASE reports strong financial results for Q1 2022, with revenues reaching NIS 98 million, a 25% increase from the previous year. Profit rose to NIS 15 million, marking a 50% increase, while adjusted EBITDA also climbed 50% to NIS 37 million. Equity trading volumes surged by nearly 40%, and capital raised totaled NIS 7.5 billion. A buyback program of up to NIS 36 million was initiated, reflecting TASE's ongoing development as a key capital raising hub.
The Tel-Aviv Stock Exchange (TASE) reported strong financial results for Q4 2021 and the full year. Q4 revenues increased to NIS 86 million, an 11% rise year-over-year, while annual revenues totaled NIS 324 million, up 6%. Profits for Q4 rose 25% to NIS 14 million, with adjusted EBITDA up 14% to NIS 30 million. A record 94 IPOs were completed in 2021, with a record NIS 13 billion in foreign investments, establishing TASE's growth as a key player in capital markets. A buyback plan of up to NIS 100 million was also announced, benefiting shareholders.
The Tel Aviv Stock Exchange (TASE) will publish its financial statements for the year ended December 31, 2021, on March 21, 2022, after market close. A conference call led by CEO Ittai Ben-Zeev and CFO Yehuda van der Walde will take place at 8:30 PM (Israeli time) on the same day, offering a review of the financial results. Additionally, TASE plans to release its inaugural Corporate ESG Report for 2021 on March 30, 2022. Details for joining the conference call are provided, and a recording will be available on the company's investor relations website afterwards.
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