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Phinergy’s Chairman Increases Stake, Reinforces Control
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Phinergy’s Chairman Increases Stake, Reinforces Control

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The latest announcement is out from Phinergy ( (IL:PNRG) ).

Phinergy has reported a change in holdings involving its Chairman of the Board, Aviv Tzidon. The change arose from a purchase of shares on the stock exchange, increasing Tzidon’s holding to 19.70% of the total securities of the same type. Tzidon holds shares both directly and through companies fully owned by him, and coordinates voting with other key stakeholders under a shareholders’ agreement. This strategic maneuver solidifies the controlling interest of Tzidon and his partners in Phinergy, potentially strengthening their influence over company decisions.

More about Phinergy

YTD Price Performance: -36.43%

Average Trading Volume: 57,112

Current Market Cap: ILS167.5M

See more insights into PNRG stock on TipRanks’ Stock Analysis page.

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