Max Stock Limited announces immediate report on holdings of interested parties and senior officers as of June 30, 2024
Regulations 33(c)-(d) of the Securities Regulations (Periodic and Immediate Reports), 1970
CAESAREA, Israel, July 8, 2024 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today announced holdings of interested parties and senior officers as of June 30, 2024:
Corporation's interested parties (including the CEO and directors, and including any other employee holding 5% or more of the corporation's issued share capital or voting rights):
Holder no. |
Holder's Name |
Name, class and |
Updated no. of |
% holdings % equity %voting |
% holdings % equity % voting |
1 |
Moose Holdco Ltd. |
Max Stock |
39,350,594 |
28.22 28.22 |
27.96 27.96 |
2 |
Ori Max |
Max Stock |
24,981,492 |
17.92 17.92 |
17.75 17.75 |
3 |
More Mutual Funds Management Ltd./ Y.D. More |
Max Stock |
3,637,908 |
2.61 2.61 |
2.58 2.58 |
4 |
More Provident Funds and |
Max Stock |
12,883,308 |
9.24 9.24 |
9.15 9.15 |
5 |
The Phoenix Holdings Ltd. – |
Max Stock |
0 |
0.00 0.00 |
0.00 0.00 |
6 |
The Phoenix Holdings Ltd. - |
Max Stock |
526,476 |
0.38 0.38 |
0.37 0.37 |
7 |
The Phoenix Holdings Ltd. - |
Max Stock |
7,048,881 |
5.06 5.06 |
5.01 5.01 |
8 |
The Phoenix Investment |
Max Stock |
2,233,001 |
1.60 1.60 |
1.59 1.59 |
9 |
The Phoenix Investment |
Max Stock |
0.40 |
0.00 0.00 |
0.00 0.00 |
10 |
Max Stock Ltd. |
Max Stock |
3,658,971 |
0.00 0.00 |
0.00 0.00 |
11 |
Migdal Holdings Insurance & |
Max Stock |
7,662,731 |
5.50 5.50 |
5.44 5.44 |
12 |
Migdal Holdings Insurance & |
Max Stock |
926,699 |
0.66 0.66 |
0.66 0.66 |
13 |
G. Gissin Advocates |
Max Stock |
18,000 |
0.01 0.01 |
0.01 0.01 |
% holdings % equity % voting |
% holdings (on a % equity % voting |
71.2 71.2 |
70.52 70.52 |
B. Corporation's senior officers (excluding the CEO and directors, and excluding any other employee holding 5% or more of the corporation's issued share capital or voting rights):
Presented below is a summary table of the holdings of the corporation's senior officers:
Holder no. |
Holder's Name |
Name, class and |
Updated no. of |
% holdings % equity % voting |
% holdings (on a fully % equity % voting |
14 |
Shlomo Cohen |
Max Stock UP2020 |
120,347 |
0 0 |
0.09 0.09 |
15 |
Nir Dagan |
Max Stock UP2020 |
100,813 |
0 0 |
0.07 0.07 |
16 |
Ifat Nir-Katz |
Max Stock UP2020 |
0 |
0 0 |
0.00 0.00 |
17 |
Paz Oz |
Max Stock UP2020 |
9,015 |
0 0 |
0.01 0.01 |
18 |
Shahar Kanizo |
Max Stock UP2020 |
23,619 |
0 0 |
0.02 0.02 |
19 |
Ofir Edri |
Max Stock UP2020 |
94,326 |
0 0 |
0.07 0.07 |
% holdings % equity % voting |
% holdings (on a % equity % voting |
0 0 |
0.26 0.26 |
The summary table below includes an overview of interested party holdings which were subject to a change in the reporting period:
Name |
Balance in previous report (31-Mar-2024) |
Change (+/-) |
Maximal holding in period (%) |
Minimal holding in period (%) |
Comments |
More Mutual Funds Management Ltd./ |
2,250,879 |
+1,387,029 |
2.63 % |
1.60 % |
(*) Y.D. More Investments Ltd. |
More Provident Funds & Pension Ltd. |
12,261,308 |
+622,000 |
9.24 % |
8.83 % |
See above. |
The Phoenix Holdings Ltd. |
577,462 |
-577,462 |
0.41 % |
0 % |
(*) Interested party is part of The Phoenix corporate group. (**) |
The Phoenix Holdings Ltd. |
698,208 |
-171,732 |
0.50 % |
0.37 % |
See above. |
The Phoenix Holdings Ltd. |
12,163,935 |
-5,115,054 |
8.73 % |
5.04 % |
See above. |
The Phoenix Investment House Ltd. |
2,159,467.55 |
+73,533.45 |
2.07 % |
1.54 % |
See above. |
The Phoenix Investment House Ltd. |
-3.15 |
3.55 |
0.00 % |
0 % |
See above. |
Migdal Insurance & Financial Holdings Ltd. |
7,971,577 |
-308,846 |
5.72 % |
5.50 % |
(*) Migdal Insurance & Financial Holdings Ltd. ("Migdal") holds more than 5% of Max Stock's share capital through the mutual funds and provident funds managed by the Migdal corporate group. Migdal is a public company which is ultimately controlled by Mr. Shlomo Eliyahu (64.28%). |
Migdal Holdings Insurance & Finance Ltd. |
909,014 |
+17,685 |
0.67 % |
0.62 % |
See above. |
Shlomo Cohen |
135,347 |
-15,000 |
Exercise of employee options |
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Nir Dagan |
115,813 |
-15,000 |
Exercise of employee options |
||
Ifat Nir-Katz |
18,021 |
-18,021 |
Exercise of employee options |
||
(*) As notified to the Company by the interested party or to the best of the Company's knowledge. |
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(**) For a detailed description of which corporate entities are included as part of the interested party's reported holdings – please see the full text of the report dated July 7, 2024 published on the Tel Aviv Stock Exchange distribution website (MAYA). |
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This is an English translation of segments of a Hebrew immediate report that was published on July 7, 2024 (Ref. No. 2024-01-070348) (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 64 locations throughout Israel and 2 locations in Portugal that opened in 2023. 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
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