tiprankstipranks
Trending News
More News >

Phinergy’s Chairman Increases Stake, Reinforces Control

Story Highlights
Phinergy’s Chairman Increases Stake, Reinforces Control

Don’t Miss TipRanks’ Half-Year Sale

The latest announcement is out from Phinergy ( (IL:PNRG) ).

Phinergy has reported a change in holdings involving its Chairman of the Board, Aviv Tzidon. The change arose from a purchase of shares on the stock exchange, increasing Tzidon’s holding to 19.70% of the total securities of the same type. Tzidon holds shares both directly and through companies fully owned by him, and coordinates voting with other key stakeholders under a shareholders’ agreement. This strategic maneuver solidifies the controlling interest of Tzidon and his partners in Phinergy, potentially strengthening their influence over company decisions.

More about Phinergy

YTD Price Performance: -36.43%

Average Trading Volume: 57,112

Current Market Cap: ILS167.5M

See more insights into PNRG stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1