Radware (Nasdaq: RDWR.News) the leading provider of Intelligent Application Switching (IAS) solutions ensuring the availability, performance and security of networked applications across the enterprise, announced today that it has obtained approval to list its shares for trading on the Tel-Aviv Stock Exchange (TASE). Trading on TASE will commence on May 13. Radware shares will continue to be listed on the NASDAQ National Market and trade under ticker symbol RDWR, and Radware will continue to be subject to all the rules and regulations of NASDAQ and the U.S. Securities and Exchange Commission.
"By listing our shares on TASE we enable Israeli investors, and in particular institutional investors, to take part in our success and overcome various restrictions and time-difference issues which limit their ability to trade in shares of companies listed in foreign exchanges," said Roy Zisapel, President and CEO, Radware.
Additional advantages of the dual listing are longer trading hours, lower trading costs and certain tax benefits for Israeli investors. Since the TASE reporting requirements for dual listed companies are nearly identical to those required by the U.S. Securities and Exchange Commission, dual listing is not an added burden to the Company's Management.
About Radware
RADWARE is the Global Leader in Intelligent Application Switching, enabling the full availability, maximum performance and complete security of all mission critical networked applications while dramatically cutting operating and scaling costs. Radware's integrated Application Security, Application Infrastructure and End-to-End Connectivity solutions are deployed by over 2,500 enterprises and carriers worldwide. Radware offers the broadest product line in the industry, meeting application needs at every critical point across the network including Web and Application Servers, Firewalls, VPNs, ISP links, Anti-Virus Gateways and Cache.
Learn more on how Radware Intelligent Application Switching Solutions can enable the security, performance and availability of mission critical applications at www.radware.com.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching industry, changes in demand for Application Switching products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.
Editorial Contacts:
Jon Rabinowitz
Radware Ltd
+1-201-512-9771 ext 233
jonr@radware.com
Investor Relations:
Dennis S. Dobson
203-255-7902
ir@radware.com