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Pozis Family Boosts Stake and Overhauls Novolog Board to Block Movement Group Takeover

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מה קרה

The Pozis family increased its stake in Novolog to 44.9% and replaced the board to prevent a takeover by the Movement Group, appointing Oded Pozis as chairman.

01Pozis family raised Novolog stake from 26.7% to 44.9% by buying 18.2% shares for 91 million shekels.
02Oded Pozis appointed chairman, replacing Eric Shor who resigned.
03Three new directors joined, replacing two who resigned, aligning the board with Pozis interests.
04Movement Group proposed a 100 million shekel investment for shares, triggering Pozis opposition.
05Pozis family sent a legal warning and vowed to fight the takeover attempt.
06External directors Ruth Relevag and Itzik Edelman remain on the board for now.

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