Major Shareholding Notification • Dec 23, 2025
Major Shareholding Notification
Open in ViewerOpens in native device viewer
Registration Number: 513821488
To: Securities Authority www.isa.gov.il
To: Tel Aviv Stock Exchange Ltd www.tase.co.il
Form T076 (Public)
MAGNA Transmission Date: 23/12/2025
Reference Number: 2025-01-102588
Regulation 33(b) of the Securities Regulations (Periodic and Immediate Reports), 1970
Note: This form is intended only for reporting changes in holdings of the securities of the reporting corporation. To report a change in holdings in securities of a subsidiary of the reporting corporation, if its activities are material to the reporting corporation, use Form T121.
Name of corporation / surname and first name of holder:
REIT 1 Management Ltd
Type of ID number: Registration number at Companies Registrar in Israel
Holder's ID number: 513762864
Type of Holder: Interested party who is not covered by any other definitions
Does the hedge fund have the right to appoint a director or its representative to the company's board? __________ Is the
holder a representative for reporting holdings of several shareholders? No
Name of controlling shareholder of interested party: See Note 1
ID number of controlling shareholder of interested party: 520044322
Citizenship / Country of incorporation or registration: Incorporated in Israel
Country of Citizenship/ Incorporation or Registration: __________
Stock exchange security number: 1098920 Name and type of security: REIT 1 Ordinary Share
Nature of change: Decrease / Other
If 'Other', details: Dividend in kind distributed. For details, see Note 4.
Note: A purchase or sale of shares on the stock exchange in a matched transaction, as defined in chapter three of the TASE rules, will be classified as an off-exchange transaction, provided that disclosure to this is made in the free-text field.
Is this a change in one transaction or multiple transactions (cumulative change): Multiple transactions
Date of change: 22/12/2025 Transaction price: 2,705 agorot
Are they dormant shares or securities convertible into dormant shares: No
Previous balance (number of securities): 1,050,806 Holding percentage of this type in last report: 0.52%
Change in number of securities: -464,986
Current balance (number of securities): 585,820 Current holding percentage of this type: 0.29%
Holding percentage after the change - Capital: 0.29%
Holding percentage after the change - Voting rights: 0.29%
Explanation: The post-change holding percentage does not take into account convertible securities.
Holding percentage after full dilution - Capital: 0.28%
Holding percentage after full dilution - Voting rights: 0.28%
Note number: 1
Name of corporation / surname and first name of holder:
Dror Gad
Type of ID number: Identity card number
Holder's ID number: 022359087 Type of Holder: Director/CEO
Does the hedge fund have the right to appoint a director or its representative to the company's board? __________ Is the
holder a representative for reporting holdings of several shareholders? No
Name of controlling shareholder of interested party: -
ID number of controlling shareholder of interested party: -
Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
Country of Citizenship/ Incorporation or Registration: __________
Stock exchange security number: 1098920 Name and type of security: REIT 1 Ordinary Share
Nature of change: Increase, due to dividend in kind distribution
Note: A purchase or sale of shares on the stock exchange in a matched transaction, as defined in chapter three of the TASE rules, will be classified as an off-exchange transaction, provided that disclosure to this is made in the free-text field.
Is this a change in one transaction or multiple transactions (cumulative change): One transaction
Date of change: 22/12/2025 Transaction price: 2,705 agorot
Are they dormant shares or securities convertible into dormant shares: No
Previous balance (number of securities): 1,562,750 Holding percentage of this type in last report: 0.78%
Change in number of securities: +122,059
Current balance (number of securities): 1,684,809 Current holding percentage of this type: 0.84%
Holding percentage after the change - Capital: 0.84%
Holding percentage after the change - Voting rights: 0.84%
Explanation: The post-change holding percentage does not take into account convertible securities.
Holding percentage after full dilution - Capital: 1.93% Holding percentage after full dilution - Voting rights: 1.93%
Note number: 2
Name of corporation / surname and first name of holder:
Shmuel Sayad
Type of ID number: Identity card number
Holder's ID number: 51983187
Type of Holder: Senior officer who is not a CEO or director and not an interested party by virtue of holdings
Does the hedge fund have the right to appoint a director or its representative to the company's board? __________ Is the
holder a representative for reporting holdings of several shareholders? No
Name of controlling shareholder of interested party: -
ID number of controlling shareholder of interested party: -
Citizenship / Country of incorporation or registration: Private individual with Israeli citizenship
Country of Citizenship/ Incorporation or Registration: __________
Stock exchange security number: 1098920 Name and type of security: REIT 1 Ordinary Share
Nature of change: Increase, due to dividend in kind distribution
Note: A purchase or sale of shares on the stock exchange in a matched transaction, as defined in chapter three of the TASE rules, will be classified as an off-exchange transaction, provided that disclosure to this is made in the free-text field.
Is this a change in one transaction or multiple transactions (cumulative change): One transaction
Date of change: 22/12/2025 Transaction price: 2,705 agorot
Are they dormant shares or securities convertible into dormant shares: No
Previous balance (number of securities): 1,239,276 Holding percentage of this type in last report: 0.62%
Change in number of securities: +122,059
Current balance (number of securities): 1,361,335 Current holding percentage of this type: 0.68% Holding percentage after the change - Capital: 0.68% Holding percentage after the change - Voting rights: 0.68%
Explanation: The post-change holding percentage does not take into account convertible securities.
Holding percentage after full dilution - Capital: 1.02% Holding percentage after full dilution - Voting rights: 1.02%
Note number: 3
Note: If a value increase is selected due to a forced acquisition of borrowed securities or a value decrease due to a forced sale of borrowed securities, then securities borrowed and not returned to the lender, thus resulting in a forced acquisition and the lending transaction becoming a forced sale.
Dividend in kind distribution by REIT 1 Management Ltd (the "Management Company") to its shareholders, for details see Note 4 below.
To the best of the company's knowledge, shareholders in the Management Company are Phoenix Investments House Ltd ("Phoenix Investments House"), Dror Gad (Chairman of the Board), and Shmuel Sayad (Deputy CEO) (see Form T77, note for Holder no. 20). To the best of the company's knowledge, the controlling shareholder in Phoenix Investments House is Phoenix Financial Ltd (see Form T77, note for Holder no. 1).
The Management Company provides management and advisory services to the company. According to the management agreement signed on August 30, 2022, between the holder and the company ("Management Agreement"), the aforementioned shares are held in trust for the holder by a trustee, and will be locked up until five years from their allocation to the Management Company or until the end of the management agreement, whichever comes first, and will then be transferred from the trustee to the holder.
The Management Company undertook to transfer, at the end of the lockup period, part of the shares held in trust to Dror Gad, Chairman of the Board, and Shmuel Sayad, Deputy CEO.
Dividend in kind distribution by the Management Company to its shareholders, for details see Note 4 below. Mr. Dror Gad serves as Chairman of the Board, a shareholder and director of the Management Company. Part of the shares of the company are held by a private company owned by Mr. Dror Gad. According to the management agreement, the shares transferred to the holder as part of the dividend in kind distribution (122,059 par value) are held in trust for him by a trustee and will be locked up until five years from their allocation to the Management Company or until the end of the management
Dividend in kind distribution by the Management Company to its shareholders, for details see Note 4 below.
agreement, whichever comes first, and will then be transferred from the trustee to the holder.
Mr. Shmuel Sayad serves as Deputy CEO of the company and the Management Company. Mr. Sayad is a shareholder in the Management Company.
Part of the company's shares are held by a private company owned by Mr. Shmuel Sayad. According to the management agreement, the shares transferred to the holder as part of the dividend in kind distribution (122,059 par value) are held in trust for him by a trustee and will be locked up until five years from their allocation to the Management Company or until the end of the management agreement, whichever comes first, and will then be transferred from the trustee to the holder.
To the best of the company's knowledge, the reported change was made as part of a dividend in kind distribution of the company's shares (the "Shares") by REIT 1 Management Ltd (the "Management Company") to shareholders in the Management Company. According to the management agreement signed on August 30, 2022, between the Management Company and the company ("Management Agreement"), the abovementioned shares are held in trust by a trustee, and will be locked up until five years from their allocation to the Management Company or until the end of the management agreement, whichever comes first. The lockup conditions of the shares transferred to the shareholders of the Management Company as part of the dividend in kind distribution, as detailed above, remain unchanged.
To the best of the company's knowledge, the share price at the time of transfer to the holders according to the report received from the trustee was 27.05 NIS per share.
| 1. Was all consideration paid at the date of change? Yes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| -- | -- | -- | ---------------------------------------------------------- | -- | -- | -- | -- | -- | -- | -- |
Explanation: Holding percentages should be reported considering all securities held by the interested party.
| Name | Position | |||||
|---|---|---|---|---|---|---|
| Shmuel Rofeh | CEO | |||||
| Aviram Benasouli | Deputy CEO, Finance |
According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), reports submitted under these regulations must be signed by authorized signatories of the corporation. The staff's position on this 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: REIT 1
Address: 6 HaNechoshet St., Tel Aviv 69710 Phone: 03-7686700, Fax: 03-7686710
Email: [email protected]
Company Website: www.Reit1.co.il
Name of electronic reporter: Guy Wiskopf
Role: Controller
Employer company: -
Address: 6 HaNechoshet St., Tel Aviv 69710
Phone: 03-7686700 Fax: 03-7686710 Email: [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.