Israel-based Trendlines Group 42T , a medtech and agrifood company listed on Catalist announced it is affected by the devastating attack by Hamas on Israel.
“On Saturday, 7 October 2023, a Jewish holiday and the Sabbath, Israel suffered an unprecedented terrorist attack on its civilian population from the Gaza area,” the company said.
Although Trendlines’ operations are not in the vicinity of the military activities in southern Israel, the invasion and massacre by Hamas affects Trendlines as staff are likely to be called up for army duty.
Under Israel's conscription system, citizens, after serving a full-time stint in the armed forces, can still be recalled for service.
Chief military spokesperson Rear-Admiral Daniel Hagari said on Monday, Oct 9 that the country has drafted a record 300,000 reservists in its response to the attacks.
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“Based on previous experience, the Company does not anticipate significant impact on its operations; limited impact is anticipated on some portfolio companies’ operations,” it says in a statement.
