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    TASE   IL0011590291

THE TEL-AVIV STOCK EXCHANGE LTD.

(TASE)
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End-of-day quote TEL AVIV STOCK EXCHANGE  -  2022-08-17
16.00 ILS   +0.63%
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Tel Aviv Stock Exchange : Appointment of an Interim Chairman for the Board of Directors

04/28/2022 | 02:51am EDT

April 28th, 2022

Re: Appointment of an Interim Chairman for the Board of Directors

Pursuant to the immediate report of the Company dated April 27th,, 2022 (references no.: 2022-01-042354 & 2022-01-042363), concerning Mr. Steinberg's resignation from his office as a director and interim Chairman of the Board of Directors of the Company (including, to remove any doubt, subsidiaries of the Company), effective as of May 10th,2022, the Company hereby announces that, on April 27th, 2022, the Board of Directors of the Company resolved that, during the interim period, starting on the end date of Mr. Steinberg's office and until a new Chairman is appointed for the Board of Directors, Mr. Salah Saabneh, who serves as a director in the Company, will be appointed as an Interim Chairman of the of the Board of Directors of the Company.

It is hereby clarified that, Mr. Saabneh does not intend to run for the position of a permanent Chairman of the Board of Directors. Furthermore, there will be no change in the terms of office of Mr. Saabneh as a director in the Board of Directors of the Company, due to his appointment as an Interim Chairman of the Board of Directors of the Company.

Signed by:

Gil Cherchi, Adv.

Corporate Secretary

Disclaimer

TASE - Tel Aviv Stock Exchange Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 06:44:08 UTC.


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Financials
Sales 2022 367 M 113 M 113 M
Net income 2022 81,2 M 25,0 M 25,0 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 1 632 M 503 M 503 M
Capi. / Sales 2022 4,45x
Capi. / Sales 2023 4,19x
Nbr of Employees 258
Free-Float 99,4%
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 1
Last Close Price 16,00 ILS
Average target price 21,00 ILS
Spread / Average Target 31,3%
Managers and Directors
Ittai Ben Zeev Chief Executive Officer
Yehuda Menachem van der Walde Chief Financial Officer & Executive Vice President
Salah Saabneh Chairman
Uri Shavit EVP, Chief Information & Operation Officer
Adi Barkan EVP, Chief Compliance & Enforcement Officer
Sector and Competitors