#Moose Holdco #Max Stock Limited #Ori Max

Max Stock Limited Reports Major Agreement Changes

In a crucial update for its investors and stakeholders, Max Stock Limited (TASE: MAXO) announced the termination of both its Shareholders' Agreement and Management Services Agreement as of January 8, 2026. This significant development indicates a shift in company control dynamics and governance.

Context of the Termination

The termination follows a series of important announcements beginning with a report earlier in the year. On February 9, 2023, Max Stock disclosed that Moose Holdco Ltd. and Ori Max Ltd. had entered into a Shareholders' Agreement. This agreement was intended to define the relationship of the shareholders regarding the management and control of the company's shares. However, recent developments have prompted the shareholders to reassess their standing.

According to the latest update, Moose Holdco, one of the primary players in this agreement, has seen its shareholding fall below the 10% threshold of the overall company’s share capital. The provisions of the Shareholders' Agreement dictated that such a decrease would lead to its expiration. Consequently, both Moose Holdco and Ori Max are no longer controlling shareholders of Max Stock Limited, which now operates without a controlling shareholder.

Implications of the Management Services Agreement Expiration

In addition to the Shareholders' Agreement, the Management Services Agreement — which had been extended following a shareholder vote on September 18, 2025 — has also expired. This agreement, initially signed on September 14, 2020, involved consulting services provided by Moose Holdco. The expiration of this contract signals a profound reconfiguration of the management structure within the company.

Max Stock Limited has made several moves to enhance operational efficiency in light of their changing shareholder landscape. The company is focusing on strengthening its core business operations and is committed to delivering value to its customers and stakeholders.

Future Prospects

With these developments, Max Stock appears to be pivoting towards a new strategic direction devoid of external controlling influences. This opens the door for potential new partnerships or governance models that align with their vision of competitive retailing.

Max Stock prides itself on being a leader in the extreme value retail space within Israel, operating 64 locations across the country. Their motto,