Regulations 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970
CAESAREA, Israel, Jan. 15, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO) (the “Company”) today announced a new interested party:
|
Name |
Transaction |
Date of |
Shares |
Average |
No. of |
% Total |
% Total |
|
Migdal Insurance and Financial Holdings Ltd. |
TASE share purchase |
January 11, 2024 |
3,559,039 |
ILS 7.08 |
8,964,273 |
6.43 % |
6.37 % |
Breakdown of holdings (following the transaction), by group entities:
|
Name |
No. of shares held |
|
Profit sharing life insurance policies |
7,971,577 |
|
Mutual fund management companies |
992,696 |
Details:
Migdal Insurance and Financial Holdings Ltd. (“Migdal”) holds more than 5% of Max Stock’s share capital through the life insurance policies and mutual funds managed by it. Migdal is a public company whose ultimate indirect controlling shareholder is Mr. Shlomo and Ms. Haya Eliyahu (64.28%).
This is an English translation of excerpts of a Hebrew immediate report that was published on January 15, 2024 (Ref. No: 2024-01-006411 (hereinafter: the “Hebrew Version“)). This English version is only for convenience purposes. This is not an official translation and has no binding force. Whilst reasonable care and skill have been exercised in the preparation hereof, no translation can ever perfectly reflect the Hebrew Version. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.
About Max Stock
Max Stock is Israel’s leading extreme value retailer, currently present in 63 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il
Company Contacts:
Talia Sessler,
Chief Corporate Development and IR Officer
[email protected]
SOURCE Max Stock Limited
