As for the third damage, which is claimed that entry into the preservation list is practically irreversible, since in order to return to the main list, the company will in practice be forced to meet the conditions of a company requesting that its shares be traded for the first time: of course not. If it is found that the Authority's announcement solely by virtue of which the shares were transferred to the Reserve List is null and void, in any event, the obligatory action of the TASE CEO to transfer the shares to the Reserve List will automatically be canceled, and the shares will be returned to the main list (without any other restrictions), without the need to meet the stringent conditions in Part IV of the TASE Regulations regarding the delisting of the shares from the Reserve List.
- On the other hand, the public interest is of great importance. Insofar as the company is indeed a "shell company" as defined in the TASE Regulations, and in retrospect it is found that the shares were not transferred to the preservation list for the period of time required by the court to clarify the administrative petition, this will undermine the purpose of preventing the retention of 'Stock Exchange Skeletons' In the main listPerhaps While trying to fill in content quickly, Yash Concerns of the ISA and the TASE Regarding Ineffective Discovery and Corporate Governance Mechanisms; and will cause Harming the power of the investing public, and harming the stock exchange as a reliable and efficient trading platform (See Matter Retail Ibid.).
- In view of all of the above, the application for an interim injunction, and in any case a temporary injunction, is dismissed out of hand. If there is no need for repentance, there is no order for expenses. Separate instructions will be given in connection with the examination of the petition on its merits.
The Secretariat will notify you as soon as possible.
Granted today, January 15, 2026, in the absence of the parties.