Arik Steinberg stated a significant TASE shareholder experienced blocked inventory-based mostly payment.

&#13
&#13

&#13

Tel Aviv Inventory Exchange (TASE) chairperson Arik Steinberg announced his resignation yesterday. In his resignation letter to the TASE board of administrators Steinberg wrote that he was resigning “because of a lack of willingness in basic principle on the section of a sizeable shareholder in the inventory trade to take into consideration awarding inventory-dependent compensation as aspect of the work agreement for the position of chairperson of the Tel Aviv Inventory Exchange.”

&#13

The most important shareholder in the TASE is US expense fund Manikay Associates, which purchased a 19.9% stake for $31 million in 2018. Manikay Companions now retains 19.48% of the TASE, truly worth NIS 316 million.

&#13

Steinberg was appointed chairperson of the TASE past December, immediately after the board unanimously recognized the recommendation of its lookup committee. Steinberg had been serving as performing chairperson since the previous incumbent, Amnon Neubach, stepped down on August 1 last 12 months.

&#13

Revealed by Globes, Israel business information – en.globes.co.il – on April 27, 2022.

&#13

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

&#13
&#13

&#13

Arik Steinberg  credit: Sivan Faraj

Arik Steinberg credit score: Sivan Faraj