Shareholders
Found 16 recent publications

"The Trojan Horse Inside": The struggle for control over the Ram-On board of directors intensifies
Maron Greenberg, a shareholder of Ram-On Investments, has defined Eldav's entry into the board as a destabilization attempt. The parties are in dispute over the company's development strategy and methods for unlocking value.

Polygon board reaches a deadlock, company seeks court rescue
The real estate company Polygon, controlled by Kobi Maimon, has turned to the Central District Court to appoint external directors. The company has been operating without them for over a year, leading to unlawful financial reporting.

Katzman found a way to reduce G City's debt: transfer it to the shareholders
G City CEO Chaim Katzman plans to spin off assets into a new subsidiary, 'Naga Commercial Properties,' distributing shares to existing investors. While intended to reduce debt, market analysts warn of significant risks and high leverage.

Paz increases quarterly profit by 14% and distributes another 130 million shekels to shareholders
The Paz Group finished the second quarter with a net profit of 158 million shekels, a 14% increase compared to the same period last year. The company also announced a dividend distribution of 130 million shekels.

Max Stock seeks to increase Ori Max's compensation by 51% — to 7.8 million shekels
Max Stock has convened a shareholders' meeting to approve a 51% increase in the annual compensation of CEO and founder Ori Max to 7.77 million shekels. The move aims to incentivize continued value creation for the company and its shareholders.

Leon Recanati prepares for a control battle over battered Evogene
The battle for the biomed company Evogene is intensifying as Leon Recanati increases his stake to 6.5% with a $400,000 investment. Investors Kfir Zilberman and Ron Yair Peled, holding 16.7%, are pushing for a board overhaul.

Adi Zim continues to block the compensation increase for the Yakobi brothers
The Yakobi brothers, controlling shareholders of the Yakobi YSB group, are insisting on an upgrade to their compensation terms, but Adi Zim, a 16.5% shareholder, continues to block the move. Consequently, the executives are currently not receiving a salary.

Power struggles: Maccabi Tel Aviv does not remember such a management crisis
The Recanati family is on its way to sell half of its holdings to Jason Levien, but Eric Stielman is not giving up. In the background: the firing of Federman's associates and a lack of trust between shareholders. And also: Shimon Mizrahi's concerns, the huge budget, and the vision of a new arena with 20,000 seats.

Maccabi Tel Aviv sponsor accuses: "The Recanati family deceived the other shareholders"
Against the backdrop of the Recanati family's announcement to the other owners that it is selling half of its shares to Jason Levin, Eric Stillman claims that the process of acquiring the Federman family's share was illegal, and that in fact, they have no right to carry out the deal with Levin.

Investment House Mor and HaBaita Living Join Forces Against Chaim Katzman for Orion Board Control
Investment house Mor and the HaBaita Living group have formed a coalition holding 25.1% of Orion's shares to challenge Chaim Katzman's influence. They are demanding the appointment of their own candidates to the board.

What to Do When Shareholders Cannot Continue Together?
A dispute in a private company may reach a point where the court does not settle for deciding who is right, but instead chooses a way to separate the parties. These are the main separation mechanisms.

“Improper Conspiracy” and “Poison Pill”: The Battle for Control of Novolog
The Pozis family, controlling shareholders of Novolog, has accused the board of directors of attempting to entrench power through a 100 million shekel investment deal with the Movement group, sparking a corporate power struggle.

Securities Authority intervened: Israir will publish additional information on the interested party transaction with Rami Levy
The Israel Securities Authority has forced Israir to postpone a shareholders' meeting regarding a transaction with Rami Levy. The regulator deemed the deal material, requiring the disclosure of additional commercial data.

Unusual move on the stock exchange: The company is suing its largest shareholder
On one side is Shapir Engineering, the controlling shareholder that appointed the management and wants to raise the CEO's salary. On the other side is Gabi Magnazi, the former controlling shareholder who remained with 28.3% and defeats every vote. In the middle: a company without a legal board of directors, which is now turning to the court. What is happening at Averot and what does it mean for...

Drama at the real estate company: Yigal Damri's new compensation package approved
Following shareholder opposition and an updated proposal, Yigal Damri's compensation terms were approved by a narrow margin. Here are the details of the new agreement.

Motion to approve a derivative lawsuit against Harel: Controlling shareholders memorialized their parents in the company's tower without consideration
A shareholder of Harel has filed a derivative lawsuit alleging that controlling shareholders used the company's office tower to memorialize their parents without providing compensation. The motion claims this constitutes an unauthorized interested party transaction.