Lahav LR Real Estate Ltd announced a private placement of 11,850,000 common shares at an issue price of ILS 3.25 per share for the gross proceeds of ILS 38,512,500 on June 5, 2023. The transaction will include participation from new investors More Mutual Funds Management (2013) Ltd. for 307,692 common shares at an issue price of ILS 3.25 per share for the gross proceeds of ILS 999,999, Intergemel Provident Funds and Pension Ltd. for 11,542,308 common shares at an issue price of ILS 3.25 per share for the gross proceeds of ILS 37,512,501 and Y.D. More Investments Ltd. The transaction has been approved by the board of directors of the company.