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Apparel maker Tefron's shares to trade on Tel Aviv Stock Exchange

27 Sep '05

2 min read

Misgav based boutique-quality everyday intimate apparel manufacturer Tefron Ltd announced that its shares were approved for listing on the Tel Aviv Stock Exchange (TASE).

Trading of the company's shares on the TASE is expected to begin on September 28, 2005. The listing on TASE is in addition to the listing on the New York Stock Exchange where Tefron shares trade under the symbol "TFR".

"Company believe that the listing of shares on the TASE is an important step in plan to expand and diversify Tefron's shareholders base," said Yos Shiran, Chief Executive Officer of Tefron.

"Dual listing may increase the Company's overall trading volume, by providing greater and easier access to Israeli institutional investors, some of which are currently limited in their trading on foreign exchanges, as well as to other Israeli and European investors who trade on the TASE."

Tefron manufactures boutique-quality everyday seamless intimate apparel, active wear and swim wear sold throughout the world by such name-brand marketers as Victoria's Secret, Nike, The Gap, Banana Republic, Target, Warnaco/Calvin Klein, Patagonia, Reebok and El Corte Englese, as well as other well known retailers and designer labels.

The company's product line includes knitted briefs, bras, tank tops, boxers, leggings, crop, T-shirts, nightwear, bodysuits, swim wear, beach wear and active-wear. The Company's Healthcare Division manufactures and sells a range of textile healthcare products.

Tefron

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