Audiocodes Ltd. — Major Shareholding Notification 2025

Jan 22, 2025

xml version="1.0" encoding="UTF-8"? SCHEDULE 13G/A 0001178913-24-002216 0001992355 XXXXXXXX LIVE 1 Ordinary Shares, nominal value NIS 0.01 per share 12/31/2024 0001086434 Audiocodes Ltd M15342104 6 Ofra Haza Street Or Yehuda L3 6032303 Rule 13d-1(c) Value Base Ltd. b L3 0 2458674 0 2458674 2458674 N 8.14 CO Percentage reported in Item 11 is based on 30,216,661 Ordinary Shares outstanding as of August 1, 2024 (as reported in Exhibit 99.1 to the Issuer's Report on Form 6-K filed with the Securities and Exchange Commission ("SEC") on August 13, 2024). Victor Shamrich b L3 0 2458674 0 2458674 2458674 N 8.14 IN Percentage reported in Item 11 is based on 30,216,661 Ordinary Shares outstanding as of August 1, 2024 (as reported in Exhibit 99.1 to the Issuer's Report on Form 6-K filed with the SEC on August 13, 2024). Ido Nouberger b L3 0 2458674 0 2458674 2458674 N 8.14 IN Percentage reported in Item 11 is based on 30,216,661 Ordinary Shares outstanding as of August 1, 2024 (as reported in Exhibit 99.1 to the Issuer's Report on Form 6-K filed with the SEC on August 13, 2024). Value Base Fund Management Ltd. for Value Base Fund General Partner Ltd., acting as the general partner to Value Base Fund Limited Partnership b L3 0 2458674 0 2458674 2458674 N 8.14 PN Percentage reported in Item 11 is based on 30,216,661 Ordinary Shares outstanding as of August 1, 2024 (as reported in Exhibit 99.1 to the Issuer's Report on Form 6-K filed with the SEC on August 13, 2024). Audiocodes Ltd 6 Ofra Haza Street, Or Yehuda, Israel, 6032303 This statement is filed on behalf of each of the following, which will be referred to hereinafter, individually as a "Reporting Person" and collectively as the "Reporting Persons": Value Base Ltd. Victor Shamrich Ido Nouberger Value Base Fund General Partner Ltd., acting as the general partner to Value Base Fund Limited Partnership Address of the Principal Business Office of each of the Reporting Persons is: 23 Yehuda Halevi St., Tel-Aviv 6513601, Israel Each of the Reporting Person is a citizen of or organized under the laws of the State of Israel Y Incorporated by reference to Item 9 of the cover page for each Reporting Person. The securities reported herein are beneficially owned as follows: 2,458,674 Ordinary Shares owned directly by Value Base Fund Limited Partnership, a Cayman Islands limited partnership. The general partner of Value Base Fund Limited Partnership is Value Base Fund General Partner Ltd., an Israeli private company (the "VBF General Partner"), which has delegated its management responsibilities to a management company, Value Base Fund Management Ltd., an Israeli private company (the "Management Company"). Each of the VBF General Partner and the Management Company is controlled by Value Base Ltd., which directly and indirectly holds a majority of the shares of each such company. Value Base Ltd., an Israeli company, is controlled by Messrs Victor Shamrich and Ido Nouberger. This Statement shall not be construed as an admission by any of the Reporting Persons that it is the beneficial owner of any of the securities covered by this Statement, and each Reporting Person disclaims beneficial ownership of any such securities. In addition, the Reporting Persons and other entities named in this Schedule 13G may be deemed to constitute a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934. Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each of the Reporting Persons and other entities named in this Schedule 13G disclaims the existence of any such group. Incorporated by reference to Item 11 of the cover page for each Reporting Person. Percentages reported in Item 11 of the cover page for each Reporting Person is based on 30,216,661 Ordinary Shares outstanding as of August 1, 2024 (as reported in Exhibit 99.1 to the Issuer's Report on Form 6-K filed with the SEC on August 13, 2024). Incorporated by reference to Item 5 of the cover page for each Reporting Person. Incorporated by reference to Item 6 of the cover page for each Reporting Person. Incorporated by reference to Item 7 of the cover page for each Reporting Person. Incorporated by reference to Item 8 of the cover page for each Reporting Person. Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 1: Joint Filing Agreement by and among the Reporting Persons (incorporated herein by reference to Exhibit 1 to Schedule 13G filed by the Reporting Persons on July 16, 2024) Exhibit 2: Unanimous written resolutions of the directors of Value Base Fund Management Ltd., dated as of September 27, 2023 (incorporated herein by reference to Exhibit 2 to Schedule 13G filed by the Reporting Persons on July 16, 2024) Value Base Ltd. /s/ Ido Nouberger Ido Nouberger/CEO 01/22/2025 /s/ Victor Shamrich Victor Shamrich/Chairman 01/22/2025 Victor Shamrich /s/ Victor Shamrich Victor Shamrich 01/22/2025 Ido Nouberger /s/ Ido Nouberger Ido Nouberger 01/22/2025 Value Base Fund Management Ltd. for Value Base Fund General Partner Ltd., acting as the general partner to Value Base Fund Limited Partnership /s/ Ido Nouberger Ido Nouberger/Director 01/22/2025 /s/ Victor Shamrich Victor Shamrich/Director 01/22/2025 * Signature authority provided in Exhibit 2 to this statement on Schedule 13G.