Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 173

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 7
Chunk 173
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, respectively.
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(12)                           Consists of shares held directly by the named beneficial owner as well as shares held                         
       by family members or affiliates of the named beneficial owner and options to purchase 7,500 Ordinary Shares with an exercise price per
                                                   share of NIS 11.17 expiring on March 5, 2034.                                             
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(13)   Consists of shares held directly by the named beneficial owner as well as shares held
                   by family members or affiliates of the named beneficial owner.           
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(14)                           Consists of shares held directly by the named beneficial owner as well as shares held                         
       by family members or affiliates of the named beneficial owner and options to purchase 2,500 Ordinary Shares with an exercise price per
                                                   share of NIS 11.17 expiring on March 5, 2034.                                             
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The voting rights of our major shareholders do not differ from the voting rights of holders of our Ordinary Shares who are not major shareholders. Each of our Ordinary Shares entitles the holder to one vote at our Company’s shareholder meetings.
 
Changes in Percentage Ownership by Major Shareholders
 
Since April 12, 2022, which was the date we filed our Annual Report for the fiscal year ended December 31, 2021, we are not aware of significant changes in the reported percentage ownership held by any of our 5% or greater shareholders other than: (i) The Phoenix Provident Funds which decreased from 13.04% to below 5%, (ii) Dr. David Zacut which increased from 5.4% to 5.89%, (iii) Mr. Avner Hagai which decreased from 5.3% to below 5%, (iv) Cowen Financial Products, LLC which decreased from 5.03% to below 5%, (v) RTW Funds which decreased from 9.4% to below 5%, (vi) Wasatch Advisors Inc. and AIGH Capital Management, LLC each became 5% or greater shareholders but have since decreased their respective holdings to below 5% as of the date of this report and (vii) as a result of the private placement to Valor in November 2024, Valor’s beneficial ownership increased to 17.73% (with each of the individuals holding shared voting and dispositive powers over its holdings beneficially owning additional shares as set forth above).
Control