Menora Mivtachim Buys One Million Hagag Shares for NIS 20.4 Million

Menora Mivtachim Holdings bought one million ordinary shares in Hagag Group Real Estate Entrepreneurship on October 29, becoming an interested shareholder in the company. Hagag disclosed the stock-exchange purchase in an immediate report filed that afternoon. The transaction cost approximately NIS 20.4 million, and the filing confirms that the full consideration was paid when the holding changed. The reported price was 2,043.63 agorot per share, equivalent to NIS 20.4363, putting the purchase total at NIS 20,436,300. Hagag described the change as an "increase following a purchase on the stock exchange." After the transaction, Menora's reported holding reached 4,051,666 shares, representing 6.53% of Hagag's share capital and 6.57% of its voting rights. On a fully diluted basis, the corresponding stakes were 5.89% and 5.92%. The holding is divided between participating life-insurance accounts, with 313,590.41 shares, and provident funds and provident-fund management companies, with 3,738,075.59 shares. The disclosure identifies Menora as an Israeli-incorporated public company whose shares trade in Tel Aviv. Hagag said it learned of the change at 14:00 on October 29; the report was transmitted at 16:48 and signed by chief financial officer Guy Aharon.