Israel-focused Energean Oil & Gas PLC (LON:ENOG) has start trading on the Tel Aviv exchange through a secondary listing.
Energean raised £330mln when it floated on London’s main market in March and will maintain this as its primary listing, but said the Tel Aviv quote will broaden the shareholder base.
No new shares were issued in connection with the Tel Aviv listing but Energean expects its shares to be included within the TA-90 Index, which comprises the 36 - 125th most highly capitalised companies listed in Tel Aviv.
Shares will be fully transferable and interchangeable between the two stock markets.