Major Shareholding Notification • Dec 21, 2025
Major Shareholding Notification
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Registration number: 520036120
Form number: T087 (Public)
Date transmitted on MAGNA: 21/12/2025
Reference: 2025-01-101585
Capital Status, Grant of Rights to Acquire Shares, and the Securities Registers of the Corporation and Changes Therein
Regulation 31E of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(a) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 31(b1) of the Securities Regulations (Periodic and Immediate Reports), 1970 Regulation 32 of the Securities Regulations (Periodic and Immediate Reports), 1970
Nature of the Change:
| ,, | |||||
|---|---|---|---|---|---|
| Reference Numbers of Previous Reports on the Subject: | |||||
| Explanation: Please briefly describe the nature of the change. | |||||
| Vesting of blocked share units - private allocation to the company's CEO | |||||
| 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
| Name and Class of Security |
TASE Security Number |
Amount in Registered Capital |
Issued and Paid-up Capital |
Latest Reported Quantity |
Current Quantity |
Quantity Registered in the Name of Nominee Company |
|---|---|---|---|---|---|---|
| Ordinary share, 1 NIS par value |
224014 | 100,000,000 | 80,046,138 | 80,047,019 | 80,046,008 | |
| Warrant Series A, Plan 06/2023 |
1198647 | 0 | 425,957 | 425,957 | 0 | |
| Warrant Series A, Plan 06/2024 |
1208552 | 0 | 1,286,805 | 1,286,805 | 0 | |
| Warrant Series A, Plan 06/2025 |
1223080 | 0 | 130,000 | 130,000 | 0 | |
| Warrant Series B, Plan 06/2025 |
1223098 | 0 | 470,000 | 470,000 | 0 | |
| Government bonds Series 1 | 1193481 | 0 | 549,100,060 | 549,100,060 | 549,100,060 | |
| Government bonds Series 2 |
1193499 | 0 | 149,989,800 | 149,989,800 | 149,989,800 | |
| Government bonds Series 3 |
1201391 | 0 | 850,000,000 | 850,000,000 | 850,000,000 | |
| Clal Insurance RSU |
1231869 | 0 | 10,572 | 9,691 | 0 |
Explanation: All securities of the company should be specified, including those not listed for trade.
On date: 21/12/2025
Explanation: Must provide all details of the transaction or action causing the change.
| Name: I.B.I. Trust Management |
|---|
| Type of ID: Companies Registrar of Israel |
| ID Number: 515020428 |
| Nature of change: Other - Vesting of blocked share units |
| Change date: 18/12/2025 |
| Performed via stock exchange clearing: No |
| Affected security name/type: Clal Insurance RSU |
| Security number: 1231869 |
| Holder's securities balance in last report: 10,572 |
| Holder's balance after change: 9,691 |
| Total quantity increased/decreased: 881 |
| Is it a grant of rights to purchase shares: No |
| Total consideration for securities allocated: |
| Security number of shares resulting from exercising security: |
| Amount of shares from exercise/full conversion: |
| Total exercise proceeds from exercise/conversion: |
| Period security can be exercised: (From to) |
| Will the allocated securities be listed: |
| The allocation is a continuation of: published on, reference |
| Security was fully paid in cash and consideration received: [ ] |
| Security was fully paid but consideration not fully received: [ ] |
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
Other: [✔] - Vesting of blocked share units to CEO
version. For more information, please review the legal disclaimer.
Issued for ATM program: [ ]
Name: Nominee Company of the Tel Aviv Stock Exchange Ltd. Type of ID: Companies Registrar of Israel ID Number: 515736817 Nature of change: Other - Vesting of blocked share units Change date: 21/12/2025 Performed via stock exchange clearing: Yes Affected security name/type: Ordinary share, 1 NIS par value Security number: 224014 Holder's securities balance in last report: 80,045,127 Holder's balance after change: 80,046,008 Total quantity increased/decreased: 881 Is it a grant of rights to purchase shares: No Total consideration for securities allocated: _________ Security number of shares resulting from exercising security: _________ Amount of shares from exercise/full conversion: _________ 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 allocation is a continuation of: _________ published on _________, reference _________ Security was fully paid in cash and consideration received: [ ]
Will the allocated securities be listed: _________
Total exercise proceeds from exercise/conversion: _________
Period security can be exercised: _________ (From _________ to _________)
Security was fully paid but consideration not fully received: [ ]
Issued for ATM program: [ ]
Other: [✔] - The blocked share units were allocated to the CEO with no consideration, and vest gradually as detailed in the private placement report published on 24/10/2025, ref. 2025-01-079704. The CEO is required to hold the blocked share units and/or the resulting shares for at least two years from the allocation date via the trustee.
_Explanations:
| No. | Registered | Type of ID | ID | Security TASE | Type and Par | Shares | Does Holder |
|---|---|---|---|---|---|---|---|
| Shareholder Name | Number | Number | Number | Value of Shares | Amount | Hold as Trustee? | |
| 1 |
Alt: Attachment: Shareholders Registry (Hebrew filename)
Alt: Attachment: Options and Bonds Holders Registry (Hebrew filename)
Details of authorized signatories on behalf of the corporation:
| No. | Name of Signatory | Role | |
|---|---|---|---|
| 1 | Advocate Adi Barkan Stern | Company Secretary |
Explanation: According to regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations shall be signed by those authorized to sign on behalf of the corporation. Staff position available at the Authority's website: Click here
The option plan is based on a mechanism in which, upon exercising the options, shares are allocated to the exerciser only according to the value of the benefit (the difference between the stock price and the exercise price (cashless exercise)).
Calculation of the number of shares underlying the option exercise, as detailed below, is performed under the maximum theoretical assumption of full exercise of all options to company shares, at a share price set as a cap for the benefit value (for the 2023 plan a cap price of 113.58 NIS per share has been set, for the 2024 plan an average cap of 85.75 NIS per share, and for the 2025 plan a cap of 156.80 NIS per share). It is emphasized that the above is only a theoretical assumption, as the actual allocated shares will reflect the true cash benefit embedded in the options at the exercise date and will be lower.
The following are the exercise ratios of the options to shares according to the above:
Warrant Series A, Plan 06/2023: 0.487
Warrant Series A, Plan 06/2024: 0.250
Warrants Series A and B, Plan 06/2025: 0.375
Previous document reference numbers on the subject (the mention does not constitute reference by way of incorporation):
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
Form structure update date: 06/08/2024
Short name: Clal Insurance Enterprises
Address: Raul Wallenberg 36, Tel Aviv, P.O. 37070 6136902
Phone: 03-6387575, 03-6387577
Fax: 03-6397011
Email: [email protected]
Barkan Stern Adi
Role: Company Secretary
Company Name: Clal Insurance Company Ltd.
Address: Raul Wallenberg 36, Tel Aviv P.O. 37070 6136902
Phone: 077-6387634 Fax: 03-7965879
Email: [email protected]
| Previous names of the reporting entity: | ||
|---|---|---|
| ----------------------------------------- | -- | -- |
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