Max Stock Limited Announces Change in Shares Held by a Controlling Shareholder

Rhea-AI Summary

Max Stock (TASE: MAXO) announced that controlling shareholder Moose Holdco sold 8,550,000 shares on Nov 20, 2025 in an off-exchange transaction, equal to ~6.1% of the company and ~27% of Moose Holdco's holdings.

Before the sale Moose Holdco held 31,558,386 shares (~22.6%); after the sale it holds 23,008,386 shares (~16.5% of share capital; ~22.4% fully diluted). The transaction price was ILS 23.40 per share. Moose Holdco is wholly owned by AMI Opportunities and indirectly controlled by AMI Foundation, which is advised by Apax Partners Israel. A shareholder agreement exists between Moose Holdco and CEO Mr. Ori Max.

Positive

• Moose Holdco retains 23,008,386 shares (~16.5%)
• Sale price established at ILS 23.40 per share

Negative

• Moose Holdco reduced stake by 8,550,000 shares (~6.1% of company)
• Moose Holdco ownership fell from 22.6% to 16.5%

CAESAREA, Israel, Nov. 20, 2025 /PRNewswire/ -- Max Stock Limited (TASE: MAXO); ("the Company", "Max Stock") today announced that it has been informed that Moose Holdco Ltd. ("Moose Holdco"), one of the Company's controlling shareholders, sold 8,550,000 shares (~6.1% of the Company's share capital and ~27% of Moose Holdco's holdings of Company shares) in an off-exchange transaction. Prior to the sale, Moose Holdco held 31,558,386 shares, reflecting ~22.6% of the Company's share capital; following its sale of shares, Moose Holdco still holds 23,008,386 shares, reflecting ~16.5% of the Company's share capital (~22.4% on a fully diluted basis). The sale was performed at a price of ILS 23.40 per share.

Moose Holdco and the Company's other controlling shareholder and CEO, Mr. Ori Max, are party to a shareholder agreement regulating their relationship. The Company has been informed that Moose Holdco is wholly (100%) owned (indirectly) by AMI Opportunities, a foreign private investment fund (incorporated in Guernsey). AMI Opportunities is wholly-controlled (indirectly) by AMI Foundation (a corporation incorporated in Guernsey) through its organs (and particularly its directors (councilors) - Carl Hermann Konrad Friedlaender and Bruce Stephen James and its guardian - Robert Edward Alistair Eden ("AMI Foundation"). To the Company's best knowledge, AMI Foundation is advised by Apax Partners Israel Ltd.

This is an English translation of segments of a Hebrew immediate report that was published on November 20, 2025 (Ref. No: 2025-01-089594) (hereinafter: the "Hebrew Version"). This English version is only for convenience purposes. This is not an official translation and has no binding force. 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. 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
talia@maxstock.co.il

FAQ

What did Max Stock (TASE: MAXO) announce on Nov 20, 2025 about Moose Holdco's holdings?

Moose Holdco sold 8,550,000 shares (~6.1% of the company), reducing its stake from 31,558,386 (22.6%) to 23,008,386 (16.5%).

At what price were Max Stock shares sold by Moose Holdco on Nov 20, 2025?

The sale was executed at ILS 23.40 per share.

How much of Max Stock does Moose Holdco own after the Nov 20, 2025 sale?

After the sale Moose Holdco holds 23,008,386 shares (~16.5% of share capital; ~22.4% fully diluted).

Was the Moose Holdco sale of Max Stock shares conducted on-exchange or off-exchange?

The transaction was completed in an off-exchange transaction.

Who ultimately controls Moose Holdco according to Max Stock's announcement?

Moose Holdco is wholly owned by AMI Opportunities, which is indirectly controlled by AMI Foundation, advised by Apax Partners Israel.

Does a shareholder agreement exist between Moose Holdco and Max Stock's CEO following the Nov 20, 2025 update?

Yes; Moose Holdco and the company's other controlling shareholder and CEO, Mr. Ori Max, are parties to a shareholder agreement.