On Track Innovations Ltd.
OTI plans the delisting from Frankfurt Stock Exchange
Ad hoc announcement §15 WpHG
Delisting
OTI plans the delisting from Frankfurt Stock Exchange
Ad hoc announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Fort Lee, NJ – May 9, 2005 – On Track Innovations Ltd. (OTI) (NASDAQ: OTIV;
Prime Standard (Frankfurt): OT5), a global leader in contactless
microprocessor-based smart card solutions, today announced OTI is asking its
shareholders for the approval of de-listing the Company’s shares listed on the
Prime Standard of the Frankfurt Stock Exchange on OTI’s annual general
meeting to be held on May 27, 2005, 08:00 AM (Israel local time) at the
offices of the Company in Rosh-Pina, Israel.
The listing of the Company’s shares on NASDAQ will continue.
On Track Innovations Ltd.
Z.H.R. Idustrial Zone
12000 P.O. Box 32 Rosh Pina
Israel
ISIN: IL0010834682
WKN: 924895
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 09.05.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
The management of OTI has come to the conclusion that the additional costs for
having a dual listing of OTI’s shares on NASDAQ, New York (USA), and Prime
Standard, Frankfurt (Germany), are not justified by trading volume of the
Company’s shares in Germany. While trading of the Company’s shares will still
be possible on NASDAQ the Company can continue its effort to reduce its
expenses.
End of message (c)DGAP
091718 Mai 05
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