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Shoval ( (IL:SHVL) ) has shared an announcement.
Shoval has announced a significant change in the holdings of its securities, with Y.D. More Investments Ltd and More Provident Funds and Pension Ltd increasing their stakes through a single transaction due to an issuance according to a prospectus. The transaction results in Y.D. More Investments holding 24.72% and More Provident Funds holding 2.26% of Shoval Bond B. This shift in holdings could potentially impact the company’s governance and stakeholder dynamics, given the hedge fund’s right to appoint board representatives.
More about Shoval
Shoval operates in the financial services industry, primarily offering investment and fund management services through entities like More Investments Ltd and More Provident Funds and Pension Ltd. The company focuses on managing mutual and provident funds with significant control and ownership structures rooted in Israel.
YTD Price Performance: 8.89%
Average Trading Volume: 98,300
Learn more about SHVL stock on TipRanks’ Stock Analysis page.
