#Israel #Tel Aviv #share exchange #Meitav Investment #Peninsula Group

Meitav Investment House Completes Share Exchange Through Tender Offer

On April 30, 2026, Meitav Investment House (TASE: MTAV) publicly announced the results of its recent tender offer aimed at acquiring shares from Peninsula Group Ltd. This move follows the initial shelf offering report, demonstrating Meitav's strategic approach towards enhancing its investment portfolio.

The tender offer, initially published on April 16, 2026, was aimed at acquiring a total of 44,327,463 ordinary shares from Peninsula in exchange for Meitav's shares. Specifically, for every 38.5 shares of Peninsula that the company acquired, it would offer one share of its own.

As of the closing date of the tender offer, which culminated on April 30, 2026, Meitav Investment House has successfully acquired approximately 17.7 million shares of Peninsula. This significant acquisition represents around 7.96% of Peninsula’s total issued share capital. In return, Meitav will issue about 461,000 new shares, which accounts for roughly 0.55% of its own outstanding shares, sourced from its inactive shares.

With this transaction, Meitav Investment House further cements its position as a dominant shareholder in Peninsula, now holding approximately 87.83% of the company’s equity. This strategic exchange not only enhances Meitav's investment footprint but also reflects its commitment to leveraging substantial equity holdings to foster growth and innovation within both firms.

About Meitav Investment House

Meitav Investment House, a leader in Israel's financial landscape, has been a pillar of economic growth and stability since its establishment in 1979. Managing financial assets totaling around NIS 427 billion for over 1.5 million clients, Meitav specializes in a variety of financial services. These include provident funds, pension funds, mutual fund management, and customized portfolio strategies. Its robust retail brokerage platform, coupled with the management of alternative assets and credit activities, positions Meitav Investment House as an essential player in the financial sector.

The company continues to innovate and adapt its offerings, driven by a technology-centric approach that seeks to provide high-quality financial solutions. For more details on their operations and latest updates, individuals can visit Meitav Investment's official website.

Conclusion

The successful conclusion of this share exchange tender with Peninsula Group Ltd represents a strategic maneuver by Meitav Investment House, affirming its ambition to expand its investment horizons and reinforce its market presence. This development is indicative of the dynamic shifts occurring within Israel’s investment landscape, and it underscores the importance of strategic partnerships in fostering financial success and stability.