Shimonov & Co. accompanied Netz Group Ltd. (TASE: NETZ) in a shelf offering for the issue and the listing for trading of the shares of Netz Group, which were offered by way of an Exchange Tender Offer to the shareholders of its subsidiary, Netz United States (H.Y) Ltd. (TASE: NEZU.B1).

Upon completion of the Exchange Tender Offer Netz Group acquired the shares held by the public and Netz USA became a private company (a reporting bonds company) owned and controlled by Netz Group and its controlling shareholders, and shares of Netz USA were deleted from trading on TASE.