SCHEDULE 13G: Value Base Group Discloses 5.01% Passive Stake in Perion Network Ltd.
Beneficial Ownership Report
Value Base Ltd. and its affiliated entities, including Victor Shamrich and Ido Nouberger, have disclosed a passive beneficial ownership of 5.01% in Perion Network Ltd., totaling 2,245,651 ordinary shares.
Summary
- Value Base Ltd., along with Victor Shamrich, Ido Nouberger, and Value Base Fund Management Ltd. (collectively, the "Reporting Persons"), have filed a Schedule 13G indicating beneficial ownership in Perion Network Ltd.
- The Reporting Persons collectively beneficially own 2,245,651 ordinary shares of Perion Network Ltd.
- This ownership represents 5.01% of Perion Network Ltd.'s outstanding ordinary shares, based on 44,825,053 shares outstanding as of February 26, 2025.
- The shares are held with shared voting power and shared dispositive power among the Reporting Persons.
- The filing indicates a passive investment, as the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 6
Explanation: The sentiment is mildly positive as it indicates a significant, passive investment by an institutional group, suggesting confidence in the company without implying immediate disruptive intent.
Positives
- Disclosure of a significant 5.01% stake by an investment group may signal confidence in Perion Network Ltd.'s current valuation or future prospects.
- The filing explicitly states the investment is passive, reducing immediate concerns about potential activist interventions or control changes.
Risks
- The document does not detail specific risks related to Perion Network Ltd.'s operations or financial health, as it is a beneficial ownership disclosure.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding Perion Network Ltd.'s future performance or strategic direction, as it is solely a beneficial ownership disclosure.
Management Comments
- "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."
Industry Context
This filing is a standard disclosure of a significant passive investment by an institutional investor group in a publicly traded company. It does not provide specific insights into broader industry trends or competitive dynamics within the ad-tech or digital content monetization sectors where Perion Network Ltd. operates.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Signatories | Unanimous written resolutions of the directors of Value Base Fund Management Ltd. dated September 27, 2023, authorize Ido Nouberger and Victor Shamrich (jointly with Tal Yaacobi) to execute SEC forms, including Section 16 Forms and Section 13 Schedules, on behalf of the Company. | 2023-09-27 | Streamlines the process for filing required SEC disclosures by designating specific individuals with signing authority. |
Stakeholder Impact
- Shareholders: The disclosure of a new 5.01% passive stake by an investment group may be viewed positively, potentially signaling investor confidence and stability in the shareholder base.
Key Dates
| Date | Description |
|---|---|
| 2023-09-27 | Date of unanimous written resolutions of the directors of Value Base Fund Management Ltd., authorizing Ido Nouberger and Victor Shamrich to execute SEC forms. |
| 2025-02-26 | Date of event which required the filing of this statement, indicating when the 5.01% beneficial ownership threshold was crossed. |
| 2025-03-03 | Date of signing for the Schedule 13G filing by all Reporting Persons. |
Keywords
Perion Network Ltd., Value Base Ltd., Schedule 13G, Beneficial Ownership, Passive Investment, SEC Filing, Ordinary Shares, Investment Disclosure, M78673114
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