Max Stock Limited releases an Immediate report of new interested party holdings

Rhea-AI Summary

Max Stock (TASE: MAXO) disclosed an immediate report dated January 12, 2026 announcing that Harel Insurance Investments & Financial Services became an interested party following an off-exchange purchase on January 8, 2026. The group purchased 12,452,547 shares at ILS 26.50 per share and holds 18,491,272 shares in total, representing 13.23% of outstanding shares.

Breakdown by group entities: Nostro 754,663; Mutual funds 4,863,372; Harel Amitim – Israel Equity 12,873,237. The report names controlling shareholders of the reporting group as Yair Hamburger, Gideon Hamburger, and Nurit Manor. The disclosure is an English translation of a Hebrew immediate report published January 12, 2026.

Positive

• New institutional stake equals 13.23% of shares outstanding
• Transaction involved 12,452,547 shares acquired off-exchange

Negative

• Single reporting group now holds a significant 13.23% stake
• Large block purchase may increase shareholder concentration

Regulations 33(e)-(f) of the Securities Regulations (Periodic and Immediate Reports), 1970

CAESAREA, Israel, Jan. 12, 2026 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today announced a new interested party:

Name	Transaction	Date of transaction	Shares purchased	Share price paid	No. of shares following the transaction	% Total holdings following the transaction
Harel Insurance Investments & Financial Services Ltd.	TASE  off-exchange transaction	January 8, 2026	12,452,547	ILS 26.50	18,491,272	13.23 %

Breakdown of holdings (following the transaction), by group entities:

Name	No. of shares held
Nostro	754,663
Mutual funds	4,863,372
Harel Amitim – Israel Equity*	12,873,237

Details:

The controlling shareholders of Harel Insurance Investments & Financial Services Ltd., the new interested party company and its reporting group, are Yair Hamburger, Gideon Hamburger, and Nurit Manor.

* Please note that the holdings of Harel Amitim Israel Equity Partnership also include holdings associated with Harel provident funds amounting to 76.7% of the total holdings, and the remaining 23.3% are attributable to profit sharing insured policy holders.

The holdings presented under provident funds include direct holdings of the provident funds in the security (420,690 par value units), holdings of the partnership "Beta Israel Equity Basket" (the "Partnership") in the amount of 0 par value units, and holdings of the partnership "Harel Amitim Israel Equities" (the "Partnership") in the amount of 12,452,547 par value units. The partnerships are registered with the Registrar of Partnerships, and all rights holders therein are companies belonging to an institutional reporting group within the Harel Group. The partnerships themselves are not provident fund management companies. In accordance with the partnership agreement between the rights holders in the partnerships, the rate of holding of the rights holders in the partnerships changes frequently, in accordance with the mechanism set forth in the partnership agreement.

This is an English translation of excerpts of a Hebrew immediate report that was published on January 12, 2026 (Ref. No: 2026-01-005017 (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. 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 January 12, 2026?

Max Stock announced that Harel reporting group became an interested party after buying 12,452,547 shares on January 8, 2026, holding 13.23%.

How many Max Stock shares does Harel hold after the January 8, 2026 transaction?

Harel holds 18,491,272 shares following the transaction, equal to 13.23% of total holdings.

At what price did Harel purchase the Max Stock shares on January 8, 2026?

The reported share price paid was ILS 26.50 per share.

Who are the controlling shareholders of the Harel reporting group named in the Max Stock report?

The report names Yair Hamburger, Gideon Hamburger, and Nurit Manor as controlling shareholders of the reporting group.

Where can investors find the Max Stock immediate report about the new interested party?

The immediate report was published in Hebrew on January 12, 2026; an English translation accompanies the report for convenience.

What is the breakdown of Harel's holdings by group entity after the transaction?

Breakdown: Nostro 754,663; Mutual funds 4,863,372; Harel Amitim – Israel Equity 12,873,237.