Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 114

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 7
Chunk 114
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ITEM 7.   MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS
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A.   MAJOR SHAREHOLDERS
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The following table sets forth information with respect to the beneficial ownership of our shares as of March 5, 2025, by each person or entity known by us to beneficially own 5% or more of our outstanding Ordinary Shares.
 

Beneficial ownership of shares is determined in accordance with the Exchange Act and the rules promulgated thereunder, and generally includes any shares over which a person exercises sole or shared voting or investment power. Ordinary Shares that are issuable pursuant to an outstanding right within 60 days of a specified date are deemed to be outstanding and beneficially owned by the person holding the right for the purpose of computing the percentage ownership of that person, but are not treated as outstanding for the purpose of computing the percentage ownership of any other person.
 
For the purpose of calculating the percentage of shares beneficially owned by any shareholder, this table lists the applicable percentage ownership based on 45,037,180 ordinary shares issued and outstanding as March 5, 2025 (such amount excludes 115,339 Ordinary Shares held by the Company).
 
Except as indicated in the footnotes to this table, to our knowledge, the shareholder in the table has voting and investment power for the shares shown as beneficially owned by such shareholder, except to the extent the power is shared by spouses under community property law. Our major shareholder does not have different voting rights than our other shareholders. The information in the table below with respect to the beneficial ownership of shareholders is based on the public filings of such shareholders with the SEC through March 5, 2025, and information provided to us by certain shareholders.
 

                 Name of Beneficial Owner                             Shares Beneficially Owned               
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                                                            Number                              Percentage    
Harel Insurance Investments &amp; Financial Services Ltd.          5,217,731                         11.59   %
(1)                                                                                                           
Phoenix Financial Ltd.(2)                                          4,229,152                          9.39   %
Private Capital Management, LLC(3)                                 2,692,825                          5.98   %
 
(1) Based solely upon, and qualified in its entirety with reference to, Amendment No. 3 to Schedule 13G/A filed with the SEC on October 15, 2024, by Harel Insurance Investments & Financial Services Ltd. (“Harel”). Of the 5