Max Stock Limited releases an immediate report on holdings of interested parties and senior officers as of June 30, 2025

Rhea-AI Summary

Max Stock Limited (TASE: MAXO, OTC: MAXFF), Israel's leading extreme value retailer, has released its holdings report for interested parties and senior officers as of June 30, 2025. The report reveals significant ownership changes, with Moose Holdco Ltd. remaining the largest shareholder at 22.61% equity stake, followed by CEO Ori Max with 17.90%.

Notable institutional holdings include More Provident Funds and Pension Ltd. with 8.65% and Migdal Insurance with 6.88% through profit-sharing life insurance policies. The company's senior officers hold various share options, representing 0.19% on a fully diluted basis. The total holdings of interested parties amount to 64.33% of the company's equity.

Positive

• Significant institutional investor presence with More Provident Funds (8.65%) and Migdal Insurance (6.88%) indicating strong institutional confidence
• High insider ownership with controlling shareholders holding over 40% combined
• Strong corporate governance demonstrated through detailed disclosure of ownership structure

Negative

• Reduction in Moose Holdco's position by 7,792,208 shares
• Decrease in More Provident Funds & Pension Ltd.'s holdings by 818,374 shares

Regulations 33(c)-(d) of the Securities Regulations (Periodic and Immediate Reports), 1970

CAESAREA, Israel, July 7, 2025 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today announced holdings of interested parties and senior officers as of June 30, 2025:

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 series of security	Updated no. of securities	% holdings % equity      % voting	% holdings (on a fully diluted basis) % equity % voting
1	Moose Holdco Ltd.	Max Stock Ordinary Share	31,558,386	22.61           22.61	22.43            22.43
2	Ori Max	Max Stock Ordinary Share	24,981,492	17.90           17.90	17.76            17.76
3	Y.D. More Investments Ltd. (Mutual Funds)	Max Stock Ordinary Share	2,362,904	1.69             1.69	1.68              1.68
4	More Provident Funds and Pension Ltd. (Provident Funds)	Max Stock Ordinary Share	12,066,976	8.65             8.65	8.58              8.58
5	Max Stock Ltd.	Max Stock Ordinary Share	3,658,971	0.00             0.00	0.00              0.00
6	Migdal Insurance and Financial Holdings Ltd – Profit sharing life insurance policies	Max Stock Ordinary Share	9,600,229	6.88             6.88	6.82              6.82
7	Migdal Insurance and Financial Holdings Ltd. – Mutual funds management companies	Max Stock Ordinary Share	1,850,609	1.33             1.33	1.32              1.32
8	G. Gissin Advocates	Max Stock Ordinary Share	44,087	0.03             0.03	0.03              0.03
9	Ibex Israel Fund LLP	Max Stock Ordinary Share	7,315,547	5.24             5.24	5.20              5.20

 

% holdings % equity    % voting	% holdings (on a fully diluted basis) % equity   % voting
64.33          64.33	63.82                63.82

 

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 series of security	Updated no. of securities	% holdings % equity      % voting	% holdings (on a fully diluted basis) % equity % voting
10	Shlomo Cohen	Max Stock Op2020 share options	102,695	0                      0	0.07      0.07
11	Nir Dagan	Max Stock Op2020 share options	48,987	0                      0	0.03      0.03
12	Shahar Kanizo	Max Stock Op2020 share options	23,619	0                      0	0.02      0.02
13	Ofir Edri	Max Stock Op2020 share options	94,326	0                      0	0.07      0.07

 

% holdings % equity    % voting	% holdings (on a fully diluted basis) % equity   % voting
0                      0	0.19          0.19

 

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-2025)	Change (+/-)	Maximal holding in period (%)	Minimal holding in period (%)	Comments
Moose Holdco Ltd.	39,350,594	-7,792,208			(*) 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. To the Company's best knowledge, AMI Foundation is advised by Apax Partners Israel Ltd.
Y.D. More Investments Ltd.	1,853,406	+509,498	1.69 %	1.29 %	(*) Y.D. More Investments Ltd. ("More Investments") holds more than 5% of Max Stock's share capital through the mutual funds and provident funds managed by More Investments. More Investments is a public company jointly owned through a holding structure by Messrs. Eli Levi, Yosef Levi, Binyamin, Yosef, Michael and Dotan Meirov.
More Provident Funds & Pension Ltd.	12,885,350	-818,374	9.00 %	8.64 %	See above.
Migdal Holdings Insurance & Finance Ltd – Profit sharing life insurance policies	7,327,501	+2,272,728	6.88 %	5.25 %	(*) 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 (48.59%).
Migdal Holdings Insurance & Finance Ltd. – Mutual funds management companies	1,103,199	+747,410	1.37 %	0.72 %	See above.
Shlomo Cohen	102,775	-80			Exercise of employee options.

(*) As notified to the Company by the interested party or to the best of the Company's knowledge.

This is an English translation of segments of a Hebrew immediate report that was published on July 7, 2025 (Ref. No. 2025-01-049563) (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

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SOURCE Max Stock Limited

FAQ

What is the current ownership structure of Max Stock (MAXFF) as of June 30, 2025?

As of June 30, 2025, Moose Holdco Ltd. holds 22.61%, CEO Ori Max owns 17.90%, More Provident Funds holds 8.65%, and Migdal Insurance holds 6.88% of Max Stock's shares.

How many shares did Moose Holdco sell in Max Stock during the reporting period?

Moose Holdco reduced its position by 7,792,208 shares from the previous reporting period (March 31, 2025).

What is the total percentage of Max Stock owned by interested parties?

Interested parties collectively own 64.33% of Max Stock's equity and voting rights, or 63.82% on a fully diluted basis.

How many stock options do Max Stock's senior officers hold?

Senior officers hold a combined total of 269,627 Max Stock Op2020 share options, representing 0.19% on a fully diluted basis.

What institutional investors increased their positions in Max Stock?

Migdal Insurance increased its position through profit-sharing life insurance policies by 2,272,728 shares, and Y.D. More Investments Ltd. added 509,498 shares to its position.