Cyren to delist from TASE, shares may be transferred to Nasdaq
Cyren announced that it is voluntarily delisting the company's ordinary shares from trading on the Tel Aviv Stock Exchange, or TASE. Consequently, Cyren intends to apply to the TASE and request that TASE initiate the delisting process. The delisting in Israel will not affect Cyren's continued listing on Nasdaq in the United States and all ordinary shares now traded on the TASE may be transferred to Nasdaq. Under applicable Israeli law, the delisting of Cyren's ordinary shares from trading on the TASE will take place at least 90 days after the date of this announcement and the publication thereof in Israeli newspapers which is expected to be on or about April 10. During the interim period, Cyren's ordinary shares will continue to be traded on the TASE. Cyren will announce the exact date of its TASE delisting when it becomes available.