Max Stock Limited Notifies Major Share Transfer by Controlling Shareholder

Major Share Transfer in Max Stock Limited

On November 20, 2025, Max Stock Limited, which trades under the ticker TASE: MAXO, publicly announced a notable change in the ownership of its shares as part of a significant off-exchange transaction. Moose Holdco Ltd., a key controlling shareholder of Max Stock, has divested a substantial portion of its holdings, specifically 8,550,000 shares. This quantity represents approximately 6.1% of the company's overall share capital and around 27% of Moose Holdco's total equity position within the company.

The Transaction Details

Before this transaction, Moose Holdco possessed a controlling interest with 31,558,386 shares, translating to about 22.6% of Max Stock's share capital. Post-sale, the holdings were reduced to 23,008,386 shares, now accounting for roughly 16.5% of the company's capital, or 22.4% on a fully diluted basis. The shares were sold at a price of ILS 23.40 per share, a favorable rate that reflects the company’s market evaluation.

An essential aspect of the relationship between Moose Holdco and the company's remaining leadership is the shareholder agreement shared with Mr. Ori Max, who serves as both a controlling shareholder and the CEO of Max Stock. This agreement underscores the strategic alliance governing their mutual interests in the company's operations.

Ownership Structure Insights

Further scrutiny into Moose Holdco reveals that it is entirely owned (indirectly) by AMI Opportunities, a foreign private investment vehicle incorporated in Guernsey. The structure indicates that AMI Opportunities, in turn, is under the complete control of AMI Foundation, also registered in Guernsey. The governance of AMI Foundation features the involvement of key figures such as Carl Hermann Konrad Friedlaender and Bruce Stephen James, alongside guardian Robert Edward Alistair Eden. Notably, AMI Foundation has strategic advisory ties with Apax Partners Israel Ltd., suggesting a sophisticated tier of investment oversight and market guidance.

Company Profile: Max Stock

Max Stock Limited is recognized as Israel’s foremost extreme value retailer, boasting a network of 63 stores across the country. The company’s business model is built around providing a wide range of quality products at competitive prices, appealing to budget-conscious consumers. Their guiding mission is encapsulated in the phrase "Dream Big, Pay Small," which reinforces the brand's commitment to affordability.

In light of this recent share sale, market analysts are keenly observing how changes in ownership will affect Max Stock's strategies moving forward, especially in response to current market conditions and consumer trends. The company has continuously focused on expanding its reach and enhancing customer experience, and the implications of this transaction might play a critical role in shaping future initiatives.

For further details and updates on company performance, stakeholders are encouraged to visit Max Stock’s Investor Relations.

Conclusion

This significant change in shareholding within Max Stock Limited marks a pivotal point in the company's corporate governance. As Moose Holdco adjusts to its new proportion of ownership, the focus will shift to how these changes will impact management decisions and overall corporate strategy in a competitive retail environment.