Phoenix Financial Ltd. Increases Stake in Enlight Renewable Energy Ltd to 6.66%
Phoenix Financial Ltd. filed a Schedule 13G/A on April 7, 2026, reporting an increased stake in Enlight Renewable Energy Ltd (ENLT). As of the event date on March 31, 2026, Phoenix Financial Ltd. beneficially owns 9,243,134.81 ordinary shares, representing 6.66% of the company's outstanding shares. This position is held through various subsidiaries, including Phoenix Investments House trust funds (2.32%), the Partnership for Israeli shares (4.03%), and other nostro accounts, pension funds, and insurance policies. The filing indicates that each subsidiary operates under independent management and makes its own investment decisions. Phoenix Financial Ltd. disclaims beneficial ownership of the securities beyond its actual pecuniary interest and clarifies that the filing does not constitute an admission of a "group" status under SEC regulations. The shares were acquired for investment purposes and not with the intent to influence or change the control of the issuer. This amendment updates the previously reported position, reflecting a significant holding in the renewable energy firm.