Mellanox Technologies Initiates Process to Delist Ordinary Shares from Tel Aviv Stock Exchange
SUNNYVALE, Calif. & YOKNEAM, ISRAEL--(BUSINESS WIRE)--
Mellanox® Technologies, Ltd. (NASDAQ: MLNX)(TASE: MLNX), a leading
supplier of high-performance, end-to-end interconnect solutions for data
center servers and storage systems, today announced that it is
voluntarily delisting the company's ordinary shares from trading on the
Tel Aviv Stock Exchange (TASE). Mellanox is delisting its shares from
the TASE in order to be subject to one set of listing regulations
instead of two, to allow greater management focus on the company's
business, and to reduce cost of operations. As such, Mellanox has
requested that the TASE immediately initiate the process to delist the
Under applicable Israeli law, the delisting of Mellanox's ordinary
shares from trading on the TASE is expected to become effective three
months from the date of request. During this time its ordinary shares
will continue to be traded on the TASE. Mellanox will announce the exact
date of the delisting in the coming months.
"While our listing on the TASE has provided a venue for certain Mellanox
investors to trade, we believe it's in the company's best interest to
concentrate our trading on NASDAQ," said Eyal Waldman, president, CEO,
and chairman of the board at Mellanox Technologies. "We wish to thank
all of those investors who traded Mellanox shares on the TASE."
Mellanox shares will continue to be listed on NASDAQ, and all of its
ordinary shares now traded on the TASE are expected to transfer to
NASDAQ. Mellanox will continue to file public reports in accordance with
the rules and regulations of the NASDAQ and the U.S. Securities and
Mellanox Technologies is a leading supplier of end-to-end InfiniBand and
Ethernet interconnect solutions and services for servers and storage.
Mellanox interconnect solutions increase data center efficiency by
providing the highest throughput and lowest latency, delivering data
faster to applications and unlocking system performance capability.
Mellanox offers a choice of fast interconnect products: adapters,
switches, software and silicon that accelerate application runtime and
maximize business results for a wide range of markets including high
performance computing, enterprise data centers, Web 2.0, cloud, storage
and financial services. More information is available at www.mellanox.com.
Mellanox, BridgeX, ConnectX, CORE-Direct, InfiniBridge, InfiniHost,
InfiniScale, MLNX-OS, PhyX, SwitchX, Virtual Protocol Interconnect and
Voltaire are registered trademarks of Mellanox Technologies, Ltd.
Connect-IB, CoolBox, FabricIT, Mellanox Federal Systems, Mellanox
Software Defined Storage, MetroX, MetroDX, Mellanox Open Ethernet, Open
Ethernet, ScalableHPC, Unbreakable-Link, UFM and Unified Fabric Manager
are trademarks of Mellanox Technologies, Ltd. All other trademarks are
property of their respective owners.
Mellanox Technologies, Ltd.
Ashley Paula, +1-415-547-7024
Gelbart Kahana Investor Relations
Source: Mellanox Technologies
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