The Phoenix Insurance Company Ltd. and others acquired 11% stake in Max Stock Ltd. (TASE:MAXO) from Riki Neumann and Evan Charles Neumann on June 25, 2021. Evan Neumann continues to hold approximately 5% of the shares in Max Stock and serve as a Co-CEO and director of the Company. The Phoenix Insurance Company Ltd. and others completed the acquisition of 11% stake in Max Stock Ltd. (TASE:MAXO) from Riki Neumann and Evan Charles Neumann on June 25, 2021.