Actionable news
0
All posts from Actionable news
Actionable news in BSI: ALON BLUE SQUARE ISRAEL Ltd.,

Alon Blue Square Announces Clarification to the Change in Ratio of American Depositary Shares to Ordinary Shares

YAKUM, Israel, December 2, 2015 /PRNewswire/ --

Alon Blue Square Israel Ltd. (BSI) (the "Company") announced today a clarification to the change in the number of its ordinary shares represented by American Depositary Shares announced earlier today. The change in exchange ratio from one ordinary share per ADS to 10 ordinary shares per ADS will be effective prior to the commencement of trading on the NYSE on Monday, December 14, 2015. The reference to the reduction of the number of outstanding ADSs as of close of business on December 1, 2015 was made for illustrative purposes only.

Alon Blue Square Israel Ltd. (hereinafter: "Alon Blue Square") operates in five reportable operating segments and is the largest retail company in the State of Israel. In the Fueling and Commercial Sites segment, Alon Blue Square through its 63.13% subsidiary, which is listed on the Tel Aviv stock exchange ("TASE"), Dor Alon Energy in Israel (1988) Ltd is one of the four largest fuel retail companies in Israel based on the number of petrol stations and a leader in the field of convenience stores operating a chain of 211 petrol stations and 220 convenience stores in different formats in Israel. In its supermarket segment, Alon Blue Square, as a pioneer in the modern food retail, through its 100% subsidiary, Mega Retail Ltd., currently operates 150 supermarkets under different formats, each offering a wide range of food products, "Near Food" products and "Non-Food" products at varying levels of service and pricing. In its "Houseware and textile" segment, Alon Blue Square, through its TASE traded 77.51% subsidiary, Na'aman Group (NV) Ltd. Operates specialist outlets in self-operation and franchises and offers a wide range of "Non-Food" products as retailer and wholesaler. In the Real Estate segment, Alon...


More