SCHEDULE 13G/A: Phoenix Financial Ltd. Discloses 10.16% Stake in Ellomay Capital Ltd. via Schedule 13G Amendment
Beneficial Ownership Report
Phoenix Financial Ltd. has filed an Amendment No. 9 to Schedule 13G, reporting a beneficial ownership of 10.16% in Ellomay Capital Ltd., holding 1,306,161.06 ordinary shares as of December 31, 2024.
Summary
- Phoenix Financial Ltd. reported beneficial ownership of 1,306,161.06 ordinary shares of Ellomay Capital Ltd. as of December 31, 2024.
- This ownership represents 10.16% of Ellomay Capital Ltd.'s total ordinary shares outstanding, based on 12,852,585 shares as of January 21, 2025.
- The shares are held by various direct or indirect, majority or wholly-owned subsidiaries of Phoenix Financial Ltd., which manage their own funds and/or funds of others.
- Specific holdings include: 35,893.06 shares (0.28%) by The Phoenix Investments House trust funds; 119,953 shares (0.93%) by The Phoenix "nostro" accounts; 1,113,075 shares (8.66%) by Partnership for Israeli shares; and 37,240 shares (0.29%) by Partnership for investing in shares indexes.
- Phoenix Financial Ltd. and its subsidiaries disclaim the existence of a group for Section 13(d) purposes and any beneficial ownership in excess of their actual pecuniary interest.
- The securities were not acquired or held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without inherent positive or negative sentiment regarding the issuer's performance or future prospects.
Positives
- The filing provides transparency regarding significant institutional ownership in Ellomay Capital Ltd., confirming a substantial stake held by Phoenix Financial Ltd. and its subsidiaries.
Future Outlook
NA
Industry Context
This is a routine regulatory disclosure of beneficial ownership by an institutional investor, Phoenix Financial Ltd., in Ellomay Capital Ltd. Such filings are standard practice for investors holding more than 5% of a company's shares and provide transparency on significant stakes in publicly traded companies.
Stakeholder Impact
- Shareholders: Provides transparency on the ownership structure and significant institutional holdings in Ellomay Capital Ltd.
Key Dates
| Date | Description |
|---|---|
| 2019-12-12 | Date of Notice of resolution of the Board of Directors of Phoenix Financial Ltd. (referenced in Exhibit 1) |
| 2021-07-22 | Date of previous Schedule 13G filing where Exhibit 1 was incorporated by reference |
| 2024-12-31 | Date of Event Which Requires Filing of this Statement (beneficial ownership snapshot) |
| 2025-01-21 | Date as of which 12,852,585 Ordinary Shares outstanding were reported on Bloomberg LP |
| 2025-02-10 | Date of signing and filing of the Schedule 13G Amendment |
Keywords
Ellomay Capital Ltd., Phoenix Financial Ltd., Schedule 13G, Beneficial Ownership, SEC Filing, Ordinary Shares, Institutional Investment, Shareholding Disclosure
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.