Board/Management Information • Nov 30, 2025
Board/Management Information
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Company number: 520036658
Form Number: T094 (Public)
Transmitted on MAGNA: 30/11/2025
Reference: 2025-01-094123
Regulation 34(a) of the Securities Regulations (Periodic and Immediate Reports), 1970
Explanation: According to Regulation 34(d) of the Securities Regulations (Periodic and Immediate Reports) 1970, a list of senior officers must be submitted concurrently with this form, in form T097.
Previous report reference numbers on the matter: _________, _________, _________.
Asaf
Corporate Name / Surname: Almgor
Corporate/Surname and First Name in English: Asaf Almgor
Type of identification number: Identity Card Number
Identification number: 022193411
Citizenship / Country of Incorporation or Registration: Private individual with Israeli citizenship
Country of Citizenship / Incorporation or Registration: _________
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.
| 2. Position Ceased to Fill: |
|---|
| 1. Chief Executive Officer |
| Explanation: The following details are to be filled if ceased holding the position of a director appointed on behalf of a corporation which is a director |
| Name of appointing corporate director: Type of identification number: Identification number: Citizenship / Country of Incorporation or Registration: Country of Citizenship / Incorporation or Registration: |
| 3. Date ceased or will cease to serve: |
| 30/06/2026 Start date of tenure: 01/12/2022 |
| 4. To the best knowledge of the corporation, the retirement: |
| Is not associated With circumstances that must be brought to the attention of the holders of securities of the corporation. |
| (Details:) |
| Explanation: If the retirement is associated with circumstances that must be brought to the attention of the holders of securities of the corporation, please provide details. |
End of tenure
(Other reasons:) _________
Holds no position in the corporation
| (Other:) |
|---|
| Does he continue to serve as a senior officer in the company? No |
| Explanation: If serving as an electronic signatory and the title of the position changed – should report in form T300. If holds no position in the corporation, should report in form T301 as well. |
| 7. Was the director a member of a board committee? |
| Committee name: |
| 8. Will the senior officer continue, after retirement, to be an interested party by virtue of holdings: No |
| /or by virtue of being a senior officer as required by Regulation 33(h) of the Securities Regulations (Periodic and Immediate Reports), 1970: No |
| 9. Did the company regard the retired director as an accounting and financial expert? |
| 10. Below is the text of the resignation notice of an external director and the reasons for the resignation: |
| Explanation: To be completed only in case of an external director's resignation. |
| 11. Did the company regard the retired director as an independent director? |
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.
| 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. |
| Has the proportion of independent directors serving on the board decreased from the required proportion according to |
|---|
| the instruction in the company's articles regarding board independence? |
| Despite the retirement, is there still a majority of independent directors? |
Date: 27/11/2025 Time: 09:45
| Name of signatory | Position | |
|---|---|---|
| 1 | Mr. Eliyahu Mordoch | Corporate Secretary |
Explanation: As per Regulation 5 of the Periodic and Immediate Reports Regulations (1970), any report submitted pursuant to these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the topic can be found on the Authority's website: Click here
The company's CEO, Mr. Asaf Almgor, has notified of his intention to end his role during 2026. Accordingly, the company has commenced a process to appoint a new CEO and will update upon its completion. It is clarified that the date on which he will cease to serve as detailed in section 3 is a theoretical date. The company will update regarding the final date of the CEO's tenure upon its determination.
Reference numbers of previous documents on this matter (mention does not constitute inclusion by way of reference):
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.
The corporation's securities are listed for trading on the Tel Aviv Stock Exchange.
Form structure update date: 06/08/2024
Short name: OIL REFINERIES
Address: P.O. Box 4, Haifa 3100001 Phone: 04-8788135, 04-8788115
Fax: 073-2928115
Email: [email protected]
Company's website: https://www.bazan.co.il/
Previous names of the reporting entity:
Electronic reporter name: Gershon Yonatan Position: Chief Legal Advisor and Deputy CEO
Employer company name:
Address: Bazan Compound, P.O. Box 4, Haifa 3100100
Phone: 04-8788135 Fax: 04-8788741
Email: [email protected]
End of document.
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