OREANDA-NEWS. June 06, 2016. Pointer Telocation Ltd. (PNTR) has announced a spin-off of Shagrir Group Vehicle Services Ltd. Shagrir Group Vehicle Services Ltd. ordinary shares will not be registered in the US or listed on Nasdaq, therefore Nasdaq will NOT be making a price adjustment for PNTR on the EX date.

Company/Parent: Pointer Telocation Ltd.
Issue: Ordinary Shares
CUSIP: M7946T104
Symbol: PNTR
Record date: June 7, 2016
Payment date: June 23, 2016
EX date: June 7, 2016; Corresponds with foreign market.
Ratio of Spin-off/Distribution: One (1) ordinary share of Shagrir Group Vehicle Services Ltd. for every one (1) ordinary share of Pointer Telocation Ltd. held. Subject to Israeli withholding taxes.

If you would like to register as a market maker in PNTR, contact Nasdaq Trading Operations at +1 212 231 5100.