Arik Steinberg stated a significant TASE shareholder had blocked stock-based compensation.
Tel Aviv Inventory Trade (TASE) chairperson Arik Steinberg introduced his resignation yesterday. In his resignation letter to the TASE board of administrators Steinberg wrote that he was resigning “due to an absence of willingness in precept on the a part of a considerable shareholder within the inventory trade to contemplate awarding stock-based compensation as a part of the employment settlement for the place of chairperson of the Tel Aviv Inventory Trade.”
The principle shareholder within the TASE is US funding fund Manikay Companions, which purchased a 19.9% stake for $31 million in 2018. Manikay Companions now holds 19.48% of the TASE, price NIS 316 million.
Steinberg was appointed chairperson of the TASE final December, after the board unanimously accepted the advice of its search committee. Steinberg had been serving as appearing chairperson for the reason that earlier incumbent, Amnon Neubach, stepped down on August 1 final 12 months.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 27, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
Arik Steinberg credit score: Sivan Faraj
