From Earlier: Ampal Announces 1-for-20 Reverse Stock Split

Ampal-American Israel Corporation AMPL announced today that its Board of Directors approved a 1-for-20 reverse stock split of its Class A Stock. The Split will be effective at 5:00 pm EST on July 20, 2012 and will begin trading on a Split-adjusted basis on July 23, 2012, both on NASDAQ Capital Market and on the Tel-Aviv Stock Exchange. The par value of the Stock after the Split will remain at $1.00 per share and the Stock will continue to be traded on the NASDAQ Capital Market under the symbol "AMPL," although for the first 20 days of trading after the Split, NASDAQ will add the letter "D" to the end of the trading symbol to indicate that the Split has occurred.