Max Stock Limited releases an immediate report on holdings of interested parties and senior officers as of March 31, 2025

Rhea-AI Summary

Max Stock (MAXFF) has released its report on holdings of interested parties and senior officers as of March 31, 2025. The report reveals that Moose Holdco remains the largest shareholder with 28.21% ownership, followed by Ori Max at 17.91%. Notable institutional investors include More Provident Funds and Pension (9.24%), Migdal Holdings Insurance & Finance (5.24%), and Ibex Israel Fund LLP (5.24%).

The report details changes in holdings during the period, with More Mutual Funds Management reducing their position by 1,310,138 shares, while Migdal Insurance increased their life insurance accounts by 143,376 shares. Senior officers hold various share options, with total holdings representing 0.19% on a fully diluted basis.

Positive

• Stable major shareholder structure with Moose Holdco maintaining significant 28.21% ownership
• Strong institutional investor presence with multiple 5%+ holders indicating market confidence
• Continued expansion with 65 retail locations across Israel

Negative

• Significant reduction in More Mutual Funds Management holdings (-1,310,138 shares)
• Concentrated ownership structure with top two shareholders controlling over 46% of shares

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

CAESAREA, Israel, April 7, 2025 /PRNewswire/ -- Max Stock Limited (TASE: MAXO) (the "Company") today announced holdings of interested parties and senior officers as of March 31, 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	39,350,594	28.21           28.21	27.96            27.96
2	Ori Max	Max Stock Ordinary Share	24,981,492	17.91           17.91	17.75            17.75
3	More Mutual Funds Management Ltd./ Y.D. More Investments Ltd.	Max Stock Ordinary Share	1,853,406	1.33             1.33	1.32              1.32
4	More Provident Funds and Pension Ltd.	Max Stock Ordinary Share	12,885,350	9.24             9.24	9.16              9.16
5	Max Stock Ltd.	Max Stock Ordinary Share	3,658,971	0.00             0.00	0.00              0.00
6	Migdal Holdings Insurance & Finance Ltd – Profit sharing life insurance policies	Max Stock Ordinary Share	7,327,501	5.24             5.24	5.20              5.20
7	Migdal Holdings Insurance & Finance Ltd. – Mutual funds management companies	Max Stock Ordinary Share	1,103,199	0.79             0.79	0.78              0.78
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
67.99          67.99	67.4                  67.4

 

 

 

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	102,775	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-Dec-2024)	Change (+/-)	Maximal holding in period (%)	Minimal holding in period (%)	Comments
More Mutual Funds Management Ltd./ Y.D. More Investments Ltd.	3,163,544	-1,310,138	2.21 %	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 by Messrs. Eli Levi, Yosef Levi, Michael Meirov, Dotan Meirov, Binyamin Meirov and Yosef Meirov.
Migdal Insurance & Financial Holdings Ltd. – Life insurance accounts participating in profits	959,823	+143,376	0.82 %	0.69 %	(*) 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%).
Ibex Investors LLC and Ibex GP LLC	7,233,094	+82.453	5.19	5.24	The shares are jointly held by Ibex Israel Fund LLLP and by Ibex Israel Public-Only LP (the "Funds"). The Funds are both limited partnerships incorporated in the State of Delaware, USA and are indirectly controlled by the general partners Ibex GP LLC and Ibex Investors LLC. The Funds are ultimately controlled by Mr. Justin Borus, a resident of the USA.
Shlomo Cohen	102,847	-72			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 April 7, 2025 (Ref. No. 2025-01-025613) (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 65 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 is the current ownership structure of Max Stock (MAXFF) as of March 2025?

Moose Holdco owns 28.21%, Ori Max holds 17.91%, More Provident Funds owns 9.24%, while Migdal Holdings and Ibex Israel Fund each hold 5.24% of shares.

How many shares did More Mutual Funds Management reduce their position by in Q1 2025?

More Mutual Funds Management reduced their position by 1,310,138 shares, decreasing their holding from 3,163,544 to 1,853,406 shares.

What percentage do senior officers hold in Max Stock (MAXFF) on a fully diluted basis?

Senior officers collectively hold 0.19% of Max Stock on a fully diluted basis through share options.

How many locations does Max Stock (MAXFF) currently operate in Israel?

Max Stock operates 65 locations throughout Israel as an extreme value retailer.