Legal Proceedings Report • Jun 16, 2025
Legal Proceedings Report
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Further to the description in note 13D of Chapter C of the Company's Periodic report for the financial year 2024 which was issued on March 31, 2025 ((Reference no.:2025-01-023415 ), the above-mentioned is hereby incorporated by reference), regarding the court-claim that was submitted by the Company on March 6, 2025 against E.V. Motors Ltd. (�EV Motors�) in the amount of US$ 4.2 million (~NIS 15.3 million) including VAT and interest (�the Claim�), the Company updates that on June 10, 2025, the Company received the statement of the defense as well as a counter claim in which EV Motors requests that the Company return the NIS 12.62 million that were received against the purchase agreement of the Company�s EVOX systems, as well as a request that a temporary foreclosure be placed on the Company�s assets in the full amount of the claim. As of the date of this report, the Company is confident that it holds satisfactory claims to reject the counter�claim, to deny the request for foreclosures and indicates that the chances that the counter�claim will be accepted by the Court are low. Moreover, the Company holds in hand an expert�s opinion/testimony supporting its claims which appear in the Company�s prosecuting claim. false
| �'��� ��"� | 1 818 |
| GENCELL LTD | |
| Corporation no: 514579887 | 13071 |
| - - - | |
| Israel Securities Authority | Tel Aviv Stock Exchange | �150 ( Public ) | Reported via MAGNA: | 16/06/2025 | ||||||
| www.isa.gov.il | www.tase.co.il | Reference: | 2025-01-042852 | Time of broadcast: 14:35 14:29:03 |
English language report to Israeli corporateThis form is for reports that has been translated to English (convenience translation) and should be published alongside with the report in Hebrew in accordance with the Securities Regulations (Periodic and Immediate Reports), 5730 - 1970.
References of previous reports relating to this matter: _________ _________ _________
_________
| Attached hereto is a report on | Further to the description in note 13D of Chapter C of the Company's Periodic report for the financial year 2024 which was issued on March 31, 2025 ((Reference no.:2025-01-023415 ), the above-mentioned is hereby incorporated by reference), regarding the court-claim that was submitted by the Company on March 6, 2025 against E.V. Motors Ltd. (�EV Motors�) in the amount of US$ 4.2 million (~NIS 15.3 million) including VAT and interest (�the Claim�), the Company updates that on June 10, 2025, the Company received the statement of the defense as well as a counter claim in which EV Motors requests that the Company return the NIS 12.62 million that were received against the purchase agreement of the Company�s EVOX systems, as well as a request that a temporary foreclosure be placed on the Company�s assets in the full amount of the claim. As of the date of this report, the Company is confident that it holds satisfactory claims to reject the counter�claim, to deny the request for foreclosures and indicates that the chances that the counter�claim will be accepted by the Court are low. Moreover, the Company holds in hand an expert�s opinion/testimony supporting its claims which appear in the Company�s prosecuting claim. |
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| Reference to parallel Hebrew report: | 2025-01-041769 | |
| This report was not reported in Hebrew. |
Details of the authorized signatories to sign on behalf of the corporation:
| Name of the signer | Corporate Role | |
|---|---|---|
| 1 | Tomer Assis | CFO _________ |
Note: According to Rule 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these Regulations will be signed by the authorized persons to sign on behalf of the corporation. For the ISA staff notice Click here .2 2
| References of previous documents relating to this matter(the reference does not constitute incorporation by reference): | |
| - - - | |
| Stock Exchange/Market: �'��� | Date of revision of form structure: 06/08/2024 |
| Address: ������ 7 , ��� ����� 4951025 , Tel: 03-7261616 , Fax: 03-7261617 | |
| E-mail address: [email protected] Company site: www.gencellenergy.com | |
| Previous names of reporting entity: | |
| Name of the Signatory: ����� ���� Position of Signatory in the reporting corporation: Name of Employer Company: ���� �'�� ���� ����' ���� ����� ��� | |
| Address: ����� 58 , �� ����- ��� 6777016 Telephone: 03-6400600 Facsimile: 03-6400650 E-mail: [email protected] 1 | |
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