Formula Systems Calls Special Shareholder Meeting
Ticker: FORTY · Form: 6-K · Filed: Jul 22, 2025 · CIK: 1045986
| Field | Detail |
|---|---|
| Company | Formula Systems (1985) Ltd (FORTY) |
| Form Type | 6-K |
| Filed Date | Jul 22, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: shareholder-meeting, corporate-action, transaction
TL;DR
Formula Systems calling a special meeting Aug 27 for a shareholder vote on a big deal.
AI Summary
Formula Systems (1985) Ltd. announced a Special General Meeting of Shareholders to be held on August 27, 2025. The meeting will address a proposed transaction involving the company's shares, as detailed in the filing dated July 22, 2025.
Why It Matters
Shareholders will vote on a significant transaction that could impact the future structure and ownership of Formula Systems.
Risk Assessment
Risk Level: medium — The nature of the transaction is not fully detailed, creating uncertainty about its potential impact on the company and its shareholders.
Key Players & Entities
- FORMULA SYSTEMS (1985) LTD. (company) — Registrant
- August 27, 2025 (date) — Date of Special General Meeting
- July 21, 2025 (date) — Date of Notification to Shareholders
FAQ
What is the primary purpose of the Special General Meeting announced by Formula Systems?
The primary purpose is for shareholders to vote on a proposed transaction involving the company's shares.
When is the Special General Meeting scheduled to take place?
The Special General Meeting is scheduled for August 27, 2025.
What is the nominal value of Formula Systems' ordinary shares?
The nominal value of Formula Systems' ordinary shares is NIS 1.00 per share.
Under which Israeli law is Formula Systems operating and making this announcement?
Formula Systems is operating under the Companies Law, 5759-1999 of the State of Israel.
What is the address of Formula Systems' principal executive offices?
The address of Formula Systems' principal executive offices is Terminal Center, 1 Yahadut Canada St., Or Yehuda 6037501, Israel.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on July 22, 2025 regarding FORMULA SYSTEMS (1985) LTD (FORTY).