TEL AVIV – Nano Dimension said it would voluntarily delist its ordinary shares from trading on the Tel Aviv Stock Exchange. The maker of additive manufacturing systems said it will continue to trade on the Nasdaq Capital Market under the symbol NNDM.

“This is a natural step for Nano Dimension,” said CEO Yoav Stern. “Delisting from the TASE will reduce cost and complexity and allow the company to focus on the financial markets where its main business markets are. Israeli investors will continue to be served by the company as partners and supporters, while their stock is traded on the Nasdaq in the form of American Depositary Shares.”

Under Israeli law and TASE rules, the delisting of Nano Dimension’s ordinary shares from trading on the TASE will take place at least 90 days after the date of this announcement, which is expected to be on or about May 20. Nano Dimension will announce the exact date of its TASE delisting when it becomes available.

Holders of ordinary shares that currently trade on the TASE may convert their ordinary shares into ADSs through their banks or brokers. The process to convert ordinary shares into ADSs involves depositing ordinary shares in the Israeli custodian account of New York Mellon Bank, the depositary of the company’s ADS program. Mellon Bank will waive its conversion and issuance fees for all shareholders who convert their ordinary shares until May 29. After May 29, each conversion will be charged $0.05 per ADS.

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