Meitav Investment House Ltd Reports 5.35% Stake in Formula Systems (1985) Ltd.
On April 13, 2026, Meitav Investment House Ltd filed a Schedule 13G/A reporting a 5.35% ownership stake in Formula Systems (1985) Ltd. (ticker: FORTY). The filing indicates that the reporting person beneficially owns a total of 819,837 ordinary shares as of the event date on April 10, 2026. This position is held through various subsidiaries, including Meitav Tachlit Mutual Funds Ltd. (246,182 shares), Meitav Provident Funds & Pension Ltd. (414,635 shares), and Meitav Portfolio Management Ltd. (159,020 shares). Each subsidiary operates under independent management and makes autonomous voting and investment decisions. The filing represents an increase from the previously reported 0.0% ownership, crossing the 5% disclosure threshold. Meitav Investment House Ltd is based in Israel and has certified that these shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The calculation of the ownership percentage is based on 15,332,667 ordinary shares outstanding.