Sec Form 13G Filing - Altshuler Shaham Ltd filing for KENON HLDGS LTD (KEN) - 2024-07-05

Insider filing report for Changes in Beneficial Ownership

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  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G/A

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

 

(Amendment No. 3)*

 

Kenon Holdings Ltd.

 

(Name of Issuer)

 

Ordinary Shares, no par value

 

(Title of Class of Securities)

 

Y46717107

 

(CUSIP Number)

 

June 4, 2024

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No. Y46717107 13G/A Page 2 of 15 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Altshuler-Shaham Ltd.

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

 

(a)

(b)

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

0

6.

SHARED VOTING POWER

 

0

7.

SOLE DISPOSITIVE POWER

 

0

8.

SHARED DISPOSITIVE POWER

 

2,634,561 (1)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,634,561 (1)

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.99% (2)

12.

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

(1)Consists of (i) 2,492,245 ordinary shares of the Issuer (“ordinary shares”) held by provident and pension funds managed by Altshuler Shaham Provident & Pension Funds Ltd., a majority-owned, indirect subsidiary of the reporting person and (ii) 142,316 ordinary shares held by mutual funds managed by Altshuler Shaham Mutual Funds Management Ltd., also a majority-owned subsidiary of the reporting person. The provident and pension funds and mutual funds are managed by employees of the reporting person and its subsidiaries for the benefit of public investors and not for the economic benefit of the reporting person. The reporting person lacks authority with respect to the voting of all of such ordinary shares.

 

(2)Based on 52,776,671 ordinary shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

 

 

 

CUSIP No. Y46717107 13G/A Page 3 of 15 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Altshuler-Shaham Finance Ltd.

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

 

(a)

(b)

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

0

6.

SHARED VOTING POWER

 

0

7.

SOLE DISPOSITIVE POWER

 

0

8.

SHARED DISPOSITIVE POWER

 

2,492,245 (1)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,492,245 (1)

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.7% (2)

12.

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

(1)Consists of 2,492,245 ordinary shares held by provident and pension funds managed by Altshuler Shaham Provident & Pension Funds Ltd., a wholly-owned subsidiary of the reporting person. The provident and pension funds are managed by employees of Altshuler Shaham Ltd. (the reporting person’s 55.66% parent company) and its subsidiaries for the benefit of public investors and not for the economic benefit of the reporting person. The reporting person lacks authority with respect to the voting of all of such ordinary shares.

 

(2)Based on 52,776,671 ordinary shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

 

 

 

CUSIP No. Y46717107 13G/A Page 4 of 15 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Altshuler Shaham Provident & Pension Funds Ltd.

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

 

(a)

(b)

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

2,492,245 (1)

6.

SHARED VOTING POWER

 

0

7.

SOLE DISPOSITIVE POWER

 

0

8.

SHARED DISPOSITIVE POWER

 

2,492,245 (1)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,492,245 (1)

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.7% (2)

12.

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

(1)Consists solely of ordinary shares held by provident and pension funds managed by the reporting person. The provident and pension funds are managed by employees of the reporting person and its indirect parent company, Altshuler-Shaham Ltd., for the benefit of public investors and not for the economic benefit of the reporting person. The reporting person possesses sole authority with respect to the voting of all of such ordinary shares, but shares authority with Altshuler-Shaham Ltd. concerning the disposition of such ordinary shares.

  

(2)Based on 52,776,671 ordinary shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

 

 

 

CUSIP No. Y46717107 13G/A Page 5 of 15 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Altshuler Shaham Mutual Funds Management Ltd.

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

 

(a)

(b)

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

142,316 (1)  

6.

SHARED VOTING POWER

 

0

7.

SOLE DISPOSITIVE POWER

 

0

8.

SHARED DISPOSITIVE POWER

 

142,316 (1)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

142,316 (1)

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.3% (2)

12.

TYPE OF REPORTING PERSON (See Instructions)

 

CO

 

(1)Consists solely of ordinary shares held by mutual funds managed by the reporting person. The mutual funds are managed by employees of the reporting person and its indirect parent company, Altshuler-Shaham Ltd., for the benefit of public investors and not for the economic benefit of the reporting person. The reporting person possesses sole authority with respect to the voting of all of such ordinary shares, but shares authority with Altshuler-Shaham Ltd. concerning the disposition of such ordinary shares.

 

(2)Based on 52,776,671 ordinary shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

 

 

 

CUSIP No. Y46717107 13G/A Page 6 of 15 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Altshuler Shaham Owl, Limited Partnership

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

 

(a)

(b)

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

0 (1)  

6.

SHARED VOTING POWER

 

0

7.

SOLE DISPOSITIVE POWER

 

0

8.

SHARED DISPOSITIVE POWER

 

0 (1)

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0 (1)

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0% (2)

12.

TYPE OF REPORTING PERSON (See Instructions)

 

PN

 

(1)The subject ordinary shares were held by hedge funds managed by the reporting person. The hedge funds are managed by employees of the reporting person and affiliates of Altshuler-Shaham Ltd. for the benefit of various investors and not for the economic benefit of the reporting person. The reporting person possessed sole authority with respect to the voting of all of such ordinary shares, but shared authority with affiliates of Altshuler-Shaham Ltd. concerning the disposition of such ordinary shares.

 

(2)Based on 52,776,671 ordinary shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

 

 

 

CUSIP No. Y46717107 13G/A Page 7 of 15 Pages

 

1.

NAMES OF REPORTING PERSONS

 

Gilad Altshuler

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(See Instructions)

 

(a)

(b)

3.

SEC USE ONLY

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Israel

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5.

SOLE VOTING POWER

 

0

6.

SHARED VOTING POWER

 

0

7.

SOLE DISPOSITIVE POWER

 

0

8.

SHARED DISPOSITIVE POWER

 

2,634,561 (1) 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,634,561 (1)

10.

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions)

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.99% (2)

12.

TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

(1)Consists of (i) 2,492,245 ordinary shares held by provident and pension funds managed by Altshuler Shaham Provident & Pension Funds Ltd., a majority-owned, indirect subsidiary of Altshuler-Shaham Ltd., and (ii) 142,316 ordinary shares held by mutual funds managed by Altshuler Shaham Mutual Funds Management Ltd., also a majority-owned subsidiary of Altshuler-Shaham Ltd. The reporting person may be deemed to possess shared investment authority with respect to all of the foregoing ordinary shares due to his indirect 44.81% interest in Altshuler-Shaham Ltd., as well as his serving in various investment management capacities for Altshuler-Shaham Ltd. and its subsidiaries and affiliates. The foregoing provident and pension funds, and mutual funds, are managed for the benefit of public investors and not for the economic benefit of the reporting person. The reporting person lacks authority with respect to the voting of all of such ordinary shares.

 

(2)Based on 52,776,671 ordinary shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

 

 

 

CUSIP No. Y46717107 13G/A Page 8 of 15 Pages

 

Item 1(a). Name of Issuer:

 

The name of the issuer is Kenon Holdings Ltd. (the “Issuer”).

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

The Issuer’s principal executive offices are located at 1 Temasek Avenue, # 36-01, Millenia Tower, Singapore 0391925.

 

Item 2(a). Name of Person Filing:

 

The following entities and individuals, listed in (i)-(v) below, who are filing this Amendment No. 3 (this “Amendment”) to the Statement of Beneficial Ownership on Schedule 13G filed on February 14, 2022 (the “Statement”), as amended by Amendment No. 1 thereto, filed on February 21, 2023 (“Amendment No. 1”), and Amendment No. 2 thereto, filed on February 12, 2024 (“Amendment No. 2”), are referred to herein collectively as the “Reporting Persons”:

 

  (i) Altshuler-Shaham Ltd. (“Altshuler-Shaham”)

 

(ii)Altshuler Shaham Finance Ltd. (“Altshuler Shaham Finance”)

 

(iii)Altshuler Shaham Provident & Pension Funds Ltd. (“Altshuler Shaham Provident Funds”)

 

(iv)Altshuler Shaham Mutual Funds Management Ltd. (“Altshuler Shaham Mutual Funds”)

 

(v)Altshuler Shaham Owl, Limited Partnership (“Altshuler Shaham Owl”)

 

(vi)Gilad Altshuler

 

Altshuler-Shaham is owned by several persons/entities, including, among others, (x) Gilad Altshuler Holdings Ltd. (44.81% equity interest), which is wholly-owned by Gilad Altshuler, and (y) Kalman Shaham Holdings Ltd. (44.07% equity interest), which itself is economically owned by several persons and which is wholly managed by Kalman Shaham.

 

Altshuler Shaham Finance is a publicly traded company and a majority-held (55.66%), direct subsidiary of Altshuler-Shaham. The remaining 44.34% of Altshuler Shaham Finance is held, respectively, by Yair Lowenstein Holdings Ltd. (14.13%) (of which 100% is held by Yair Lowenstein) and by the public (30.21%).

 

Altshuler Shaham Provident Funds is a wholly-owned subsidiary of Altshuler Shaham Finance.

 

Altshuler Shaham Mutual Funds is a wholly-owned subsidiary of Altshuler-Shaham.

 

Altshuler Shaham Owl is an affiliated entity of Altshuler-Shaham, and is owned 100% indirectly by Altshuler Shaham Partnerships Management Ltd., which itself is owned by several entities and individuals, including, among others, (x) Gilad Altshuler Holdings Ltd. (43.66% equity interest), and (y) Kalman Shaham Holdings Ltd. (43.66% equity interest).

 

Besides his indirect 44.81% equity interest in Altshuler-Shaham., Mr. Altshuler also serves as an investment manager for pension funds managed by Altshuler Shaham Provident Funds, and as chief executive officer, an investment manager and a member of the investment committee of Altshuler Shaham Mutual Fund

 

 

 

 

CUSIP No. Y46717107 13G/A Page 9 of 15 Pages

 

Item 2(b). Address of Principal Business Office or, if None, Residence:

 

The principal business office of each Reporting Person is as follows:

 

(i)Altshuler-Shaham— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel

 

  (ii) Altshuler Shaham Finance— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel
     
  (iii) Altshuler Shaham Provident Funds—19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel

 

  (iv) Altshuler Shaham Mutual Funds— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel

 

  (v) Altshuler Shaham Owl— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel.

 

  (vi) Gilad Altshuler— c/o Altshuler-Shaham, 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel

 

Item 2(c). Citizenship:

 

The citizenship or state of organization, as applicable, of each Reporting Person is as follows:

 

  (i) Altshuler-Shaham— Israel

 

  (ii) Altshuler Shaham Finance— Israel
     
  (iii) Altshuler Shaham Provident Funds—Israel

 

  (iv) Altshuler Shaham Mutual Funds—Israel

 

  (v) Altshuler Shaham Owl— Israel

 

  (vi) Gilad Altshuler— Israel

 

Item 2(d). Title of Class of Securities:

 

This Amendment relates to the Ordinary Shares, no par value (“Ordinary Shares”), of the Issuer.

 

Item 2(e). CUSIP Number:

 

The CUSIP number of the Ordinary Shares is Y46717107.

 

 

 

 

CUSIP No. Y46717107 13G/A Page 10 of 15 Pages

 

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:

 

  (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
       
  (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       
  (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       
  (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
  (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
       
  (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
       
  (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
  (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
       
  (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
  (j) A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
       
  (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K).

 

Not applicable.

 

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:___________

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

The following beneficial ownership information for the Reporting Persons is provided as of June 4, 2024:

 

  I. Altshuler-Shaham

 

  (a) Amount beneficially owned: 2,634,561 ordinary Shares (1)

 

  (b) Percent of class*: 4.99%

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 0

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose of or to direct the disposition of: 0

 

  (iv) Shared power to dispose of or to direct the disposition of: 2,634,561(1)

 

 

 

 

CUSIP No. Y46717107 13G/A Page 11 of 15 Pages

 

  II. Altshuler Shaham Finance
     
  (a) Amount beneficially owned: 2,492,245 ordinary Shares (2)
     
  (b) Percent of class*: 4.7%
     
  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 0
     
  (ii) Shared power to vote or to direct the vote: 0
     
  (iii) Sole power to dispose of or to direct the disposition of: 0
     
  (iv) Shared power to dispose of or to direct the disposition of: 2,492,245 (2)

 

 

III.

Altshuler Shaham Provident Funds

 

  (a) Amount beneficially owned: 2,492,245 Ordinary Shares (3)

 

  (b) Percent of class*: 4.7%

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 2,492,245 (3)

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose of or to direct the disposition of: 0

 

  (iv) Shared power to dispose of or to direct the disposition of: 2,492,245 (3)

 

  III. Altshuler Shaham Mutual Funds

 

  (a) Amount beneficially owned: 142,316 Ordinary Shares (4)

 

  (b) Percent of class*: 0.3%

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 142,316 (4)

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose of or to direct the disposition of: 0

 

  (iv) Shared power to dispose of or to direct the disposition of: 142,316 (4)

  

  IV. Altshuler Shaham Owl

 

  (a) Amount beneficially owned: 0 Ordinary Shares (5)

 

  (b) Percent of class*: 0%

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote: 0

 

 

 

 

CUSIP No. Y46717107 13G/A Page 12 of 15 Pages

 

  (ii) Shared power to vote or to direct the vote: 0

 

  (iii) Sole power to dispose of or to direct the disposition of: 0

 

  (iv) Shared power to dispose of or to direct the disposition of: 0

 

  V. Gilad Altshuler

 

  (d) Amount beneficially owned: 2,634,561 Ordinary Shares (6)

 

  (e) Percent of class*: 4.99%

 

  (f) Number of shares as to which the person has:

 

  (v) Sole power to vote or to direct the vote: 0

 

  (vi) Shared power to vote or to direct the vote: 0

 

  (vii) Sole power to dispose of or to direct the disposition of: 0

 

  (viii)  Shared power to dispose of or to direct the disposition of: 2,634,561 (6)

 

*All percentage ownerships reflected in this Amendment are based on 52,776,671 Ordinary Shares issued and outstanding as of March 31, 2024 (as reported by the Issuer in the proxy statement for its annual general meeting of shareholders, attached as Exhibit 99.1 to its Report of Foreign Private Issuer on Form 6-K furnished to the Securities and Exchange Commission on May 2, 2024).

 

(1)Please see footnote (1) of the cover page for Altshuler Shaham for an explanation as to the basis for the beneficial ownership of these Ordinary Shares.

 

(2)Please see footnote (1) of the cover page for Altshuler Shaham Finance for an explanation as to the basis for the beneficial ownership of these Ordinary Shares.

 

(3)Please see footnote (1) of the cover page for Altshuler Shaham Provident Funds for an explanation as to the basis for the beneficial ownership of these Ordinary Shares.

 

(4)Please see footnote (1) of the cover page for Altshuler Shaham Mutual Funds for an explanation as to the basis for the beneficial ownership of these Ordinary Shares.

 

(5)Please see footnote (1) of the cover page for Altshuler Shaham Owl for an explanation as to the basis for the beneficial ownership of these Ordinary Shares.

 

(6)Please see footnote (1) of the cover page for Gilad Altshuler for an explanation as to the basis for the beneficial ownership of these Ordinary Shares.

 

Each of the foregoing Reporting Persons disclaims beneficial ownership of the Ordinary Shares reported herein except to the extent of its or his (as applicable) pecuniary interest (if any) therein.

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ☒

 

 

 

 

CUSIP No. Y46717107 13G/A Page 13 of 15 Pages

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 

Various public investors have the right to receive dividends from, and proceeds from the sale of, the (i) 2,492,245 Ordinary Shares held by provident and pension funds managed by Altshuler Shaham Provident Funds and (ii) 142,316 Ordinary Shares held by mutual funds managed by Altshuler Shaham Mutual Funds.

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not applicable.

 

Item 10. Certifications.

 

Each of the Reporting Persons hereby certifies as follows:

 

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.

 

 

 

  

CUSIP No. Y46717107 13G/A Page 14 of 15 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

ALTSHULER SHAHAM LTD.  
     
By: /s/ Ran Shaham  
Name:  Ran Shaham  
Title: Co-Chief Executive Officer  
     
ALTSHULER SHAHAM FINANCE LTD.  
     
By: /s/ Ran Shaham  
Name: Ran Shaham  
Title: Chairman of the Board  
     
By: /s/ Yair Lowenstein  
Name: Yair Lowenstein  
Title: Chief Executive Officer  
     
Altshuler Shaham Provident & PENSION Funds LTD.
     
By: /s/ Kalman Shaham  
Name: Kalman Shaham  
Title: Equity Holder  
     
By: /s/ Yair Lowenstein  
Name: Yair Lowenstein  
Title: Chief Executive Officer and Equity Holder  
     
Altshuler Shaham Mutual Funds Management Ltd.
     
By: /s/ Kalman Shaham  
Name: Kalman Shaham  
Title: Equity Holder  
     
Altshuler Shaham OWL, LIMITED PARTNERSHIP
     
By: /s/ Kalman Shaham  
Name: Kalman Shaham  
Title: Equity Holder  
     
/s/ Gilad Altshuler  
GILAD ALTSHULER  

 

Date: July 5, 2024

 

 

 

 

CUSIP No. Y46717107 13G/A Page 15 of 15 Pages

 

EXHIBITS

 

Exhibit 1.   Joint Filing Agreement pursuant to Rule 13d-1(k)(1) (incorporated by reference to Exhibit 1 to Amendment No. 2, filed by the Reporting Persons on February 12, 2024)