Hanan Mor Group - Holdings Ltd. (TASE:HNMR) announced a private placement of 1,082,000 shares at a price of ILS 37 per share for gross proceeds of ILS 40,034,000 on January 17, 2021. The transaction will include participation from Harel Insurance Investments & Financial Services Ltd (TASE:HARL) for 7.23% stake in the company. The transaction has been approved by the board of directors of company.

The shares issued are subject to a hold period of 6 months from the date of issuance.