SCHEDULE: Value Base Group Updates Perion Network Stake

Value Base Ltd. and its affiliates reported a 4.14% beneficial ownership stake in Perion Network Ltd. ordinary shares.

Summary

• Value Base Ltd., Victor Shamrich, Ido Nouberger, and Value Base Fund Management Ltd. (collectively, the "Reporting Persons") have filed an Amendment No. 2 to Schedule 13G regarding their ownership in Perion Network Ltd.
• The Reporting Persons beneficially own an aggregate of 1,862,558 ordinary shares of Perion Network Ltd.
• This ownership represents 4.14% of Perion Network Ltd.'s ordinary shares outstanding.
• The percentage is calculated based on 45,037,180 ordinary shares outstanding as of March 5, 2025, as reported in Perion Network Ltd.'s Form 20-F filed with the SEC on March 25, 2025.
• The Reporting Persons hold shared voting power and shared dispositive power over all 1,862,558 shares.
• The ownership structure indicates that Value Base Fund Limited Partnership directly owns the shares, with its management delegated to Value Base Fund Management Ltd., which is controlled by Value Base Ltd., ultimately controlled by Victor Shamrich and Ido Nouberger.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Perion Network Ltd., other than activities solely in connection with a nomination under Rule 14a-11.
• The Reporting Persons disclaim that the filing constitutes an admission that a "group" exists for purposes of Section 13(d) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

NA

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

NA

Stakeholder Impact

• Shareholders are informed of the beneficial ownership stake held by Value Base Ltd. and its affiliates, providing transparency regarding significant investors in Perion Network Ltd.

Key Dates

Keywords

Perion Network Ltd., Value Base Ltd., Beneficial Ownership, Schedule 13G, Ordinary Shares, Investment Management, Shareholder Stake