Legal Proceedings Report • Aug 13, 2025
Legal Proceedings Report
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This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
BANK HAPOALIM B.M.
BANK HAPOALIM LTD
Registration Number: 520000118
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form T121 (Public) Transmitted via MAGNA: 13/08/2025 Israel Securities Authority website: www.isa.gov.il Tel Aviv Stock Exchange website: www.tase.co.il Reference: 2025-01-060355
Explanation: Do not use this form when there is a form tailored to the reported event.
This reporting form is intended for material reports for which there is no suitable dedicated form.
Results of an issuance should be reported in form T20 and not in this form.
Reporting on bond ratings or corporate ratings should be submitted using form T125.
_________, _________, _________.
The court approved a settlement agreement in a class action regarding dormant deposits.
Reference numbers of previous reports on the subject:
Following the immediate report of BANK HAPOALIM B.M. ("the Bank") dated 4.3.2025 and Note 10.B.A.3. to the Bank's financial statements for the second quarter of 2025 (on page 129), regarding the submission of a settlement agreement for court approval in a class action concerning dormant deposits, the Bank updates as follows:
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
On 12.8.2025, the Central District Court approved the submitted settlement agreement. As stated in previous reports, according to the settlement agreement, for the full dismissal and waiver of the group's claims against the Bank, the Bank will pay a total amount of NIS 65 million to the group members and, in addition, approximately NIS 9.4 million plus VAT as compensation and legal fees, and a res judicata will be established between the parties, with the settlement not constituting an admission by any party of the other party's claims.
Attached file: _________
The company is not a shell company as defined in the Stock Exchange regulations.
The date the corporation first became aware of the event: 13/08/2025 at 10:15
| No. | Name | Position |
|---|---|---|
| 1 | Yael Almog |
Legal Advisor of the Company |
| 2 | Yeshayahu Strauss |
Other (Deputy Legal Advisor) |
Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.
Reference numbers of previous documents on the subject (the mention does not constitute incorporation by reference): 2025-01-014303 2025-01-059953
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
Form structure update date: 06/08/2024
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Short name: BANK HAPOALIM B.M.
Address: 50 Rothschild Blvd., Tel Aviv 6688314 Phone: 03-5673800, Fax: 03-5674576
Email: [email protected] Company website: http://www.bankhapoalim.co.il
Previous names of the reporting entity:
Electronic reporter name: Gilad Bloch Position: Bank Secretary Employer company name:
Address: 63 Yehuda Halevi St., Tel Aviv - Jaffa 6578109 Phone: 03-5673800, Fax: 03-5674576 Email: [email protected]
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