Meitav Investment House Ltd (TASE:MTAV) made an offer to acquire remaining 20% stake in Peninsula Group Ltd (TASE:PEN) for approximately ILS 130 million on April 16, 2026. Upon completion, Meitav Investment House Ltd will own 100% stake in Peninsula Group Ltd. The Company offered to purchase the shares in exchange for the issuance of Company shares at a ratio of 1:42.17, i.e., one Company share for every 42.17 Peninsula shares. If the tender offer is not fully accepted, the Company will hold Peninsula shares in accordance with the number of shares for which acceptance notices were submitted, provided that the total holding percentage does not exceed 90%. If the tender offer is completed in full, Peninsula will become a private company, and its shares will be delisted from the Tel Aviv Stock Exchange.

The transaction is expected to closed on April 30, 2026.

Meitav Investment House Ltd (TASE:MTAV) completed the acquisition of additional 7.96% stake in Peninsula Group Ltd (TASE:PEN) for ILS 56 million on April 30, 2026. Upon completion of the transaction Meitav Investment House Ltd now holds 87.96% stake in Peninsula Group Ltd.