StockMarketWire.com - Israel-focused gem explorer Shefa Yamim has confirmed it will list on the London Stock Exchange today.

Prior to admission, the company, which would have the ticker SEFA, was a 75%-owned subsidiary of Shefa Yamim Ltd, which is listed on the Tel Aviv Stock Exchange.

On admission, the shareholding of Shefa Yamim will fall to 48.9%.

The initial public offering raised £4.15m, through the conversion of existing loans and a placing and subscription at 110p per share, giving the company a market capitalisation at admission of around £15.3m.




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