Major Shareholding Notification • Dec 4, 2025
Major Shareholding Notification
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Registration Number: 520033234
| To: | Israel Securities Authority | www.isa.gov.il | ||
|---|---|---|---|---|
| To: | Tel Aviv Stock Exchange Ltd | www.tase.co.il | ||
| Form Number: | T076 (Public) | |||
| MAGNA Transmission: | 04/12/2025 | Reference: 2025-01-096420 |
Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970
Note: This form is for reporting changes in holdings of securities of the reporting corporation only. To report changes in holdings of securities in a subsidiary that is material to the corporation's activities, please use Form T121.
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.
Note: If an increase due to a forced purchase of loaned securities, or a decrease due to a forced sale of loaned securities is selected, then loaned securities that were not returned to the lender and thus the lending became a forced purchase and the lending a forced sale.
As detailed in Regulation 21A of the company's periodic report for 2024, published on March 20, 2025 (Reference: 2025-01-018556), which is included herein by reference, the controlling shareholder of the company is Norstar Holdings Inc. ("Norstar"), a foreign company registered in Panama and whose securities are traded on the Tel Aviv Stock Exchange. The controlling shareholder of Norstar is Mr. Chaim Katzman, who holds shares in Norstar through private companies owned by him and by his family members, approximately 9.42% of the issued share capital of Norstar (9.42% on full dilution) and 9.42% of its voting rights (9.42% on full dilution), both directly and indirectly, through First US Financial LLC ("FUF"), which holds approximately 7.34% of the share capital of Norstar (7.34% on full dilution) and 7.34% of the voting rights (7.34% on full dilution), and through Aurora Capital Holdings LLC ("Aurora"), which holds about 12.68% of Norstar's share capital (12.68% on full dilution) and 12.68% of the voting rights (12.68% on full dilution). ("Aurora", "FUF" together with Mr. Katzman: "Katzman Group"). Additionally, the Katzman Group is considered as "acting together", as defined in the Securities Law, with the Katzman Family Foundation, which holds about 2.62% of Norstar's issued share capital (2.62% on full dilution) and 2.62% of its voting rights (2.62% on full dilution). Also, on March 27, 2022, Mr. Chaim Katzman, the company's controlling shareholder, entered into an agreement with E.Y.L Sela 1991 Ltd. ("Sela"), under which Sela granted Mr. Katzman power of attorney to vote regarding all Sela's shares in Norstar (which as of this report comprise about 3.85% of the company's share capital and about 3.85% of its voting rights), as may exist from time to time. Within the framework of the agreement, Sela granted the Katzman Group a right of first refusal regarding Norstar's securities that Sela may wish to sell, and Mr. Katzman granted Sela a right of co-sale in case the Katzman Group sells Norstar shares, except in the case of transfer to a permitted transferee. Under the provisions of the agreement, Sela became part of Norstar's controlling group. The agreement will remain in effect until the earlier of five years from the signing date or until a party (including a permitted transferee) ceases to hold Norstar's securities.
Accordingly, Sela became part of Norstar's controlling group.
| 1. Has all the consideration been paid at the date of the change? Yes | |||||||||||||
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| -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | ----------------------------------------------------------------------- | -- |
If not, please specify the completion date of payment: __________
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.
| Name | Position | |
|---|---|---|
| Revital Kahlon | Other / VP, Legal Advisor, and Corporate Secretary |
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. The staff position on this matter can be found on the Authority's website: Click here.
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange.
Short name: G CITY
Address: 8 Aharon Becker St., Tel Aviv 6964316
Phone: 03-6948000 Fax: 03-6961910
Email: [email protected]
Company website: www.gazitglobe.com
Previous entity names: Gazit-Globe Ltd., Gazit-Globe (1982) Ltd., Glob-Rit Investments Ltd.
Electronic signatory name: Klein Ben David Tal | Position: Legal Adviser | Employing company:
Address: 8 Aharon Becker St., Tel Aviv 6964316 | Phone: 03-6948000 | Fax: 03-6961910 | Email: [email protected]
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.
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