SC 13G/A: Kenon Holdings Ltd.

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SC 13G/A filing by Kenon Holdings Ltd..

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Risk Level: low

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Filing Documents

• ea0208997-13ga3altshu_kenon.htm (SC 13G/A) — 153KB
• 0001213900-24-059251.txt ( ) — 155KB

(a). Name of Issuer

Item 1(a). Name of Issuer: The name of the issuer is Kenon Holdings Ltd. (the “ Issuer ”).

(b). Address of Issuer’s Principal

Item 1(b). Address of Issuer’s Principal Executive Offices: The Issuer’s principal executive offices are located at 1 Temasek Avenue, # 36-01, Millenia Tower, Singapore 0391925.

(a). Name of Person Filing

Item 2(a). Name of Person Filing: The following entities and individuals, listed in (i)-(v) below, who are filing this Amendment No. 3 (this “ Amendment ”) to the Statement of Beneficial Ownership on Schedule 13G filed on February 14, 2022 (the “ Statement ”), as amended by Amendment No. 1 thereto, filed on February 21, 2023 (“ Amendment No. 1 ”), and Amendment No. 2 thereto, filed on February 12, 2024 (“ Amendment No. 2 ”), are referred to herein collectively as the “ Reporting Persons ”: (i) Altshuler-Shaham Ltd. (“ Altshuler-Shaham ”) (ii) Altshuler Shaham Finance Ltd. (“ Altshuler Shaham Finance ”) (iii) Altshuler Shaham Provident & Pension Funds Ltd. (“ Altshuler Shaham Provident Funds ”) (iv) Altshuler Shaham Mutual Funds Management Ltd. (“ Altshuler Shaham Mutual Funds ”) (v) Altshuler Shaham Owl, Limited Partnership (“ Altshuler Shaham Owl ”) (vi) Gilad Altshuler Altshuler-Shaham is owned by several persons/entities, including, among others, (x) Gilad Altshuler Holdings Ltd. (44.81% equity interest), which is wholly-owned by Gilad Altshuler, and (y) Kalman Shaham Holdings Ltd. (44.07% equity interest), which itself is economically owned by several persons and which is wholly managed by Kalman Shaham. Altshuler Shaham Finance is a publicly traded company and a majority-held (55.66%), direct subsidiary of Altshuler-Shaham. The remaining 44.34% of Altshuler Shaham Finance is held, respectively, by Yair Lowenstein Holdings Ltd. (14.13%) (of which 100% is held by Yair Lowenstein) and by the public (30.21%). Altshuler Shaham Provident Funds is a wholly-owned subsidiary of Altshuler Shaham Finance. Altshuler Shaham Mutual Funds is a wholly-owned subsidiary of Altshuler-Shaham. Altshuler Shaham Owl is an affiliated entity of Altshuler-Shaham, and is owned 100% indirectly by Altshuler Shaham Partnerships Management Ltd., which it

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business office of each Reporting Person is as follows: (i) Altshuler-Shaham— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel (ii) Altshuler Shaham Finance— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel (iii) Altshuler Shaham Provident Funds—19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel (iv) Altshuler Shaham Mutual Funds— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel (v) Altshuler Shaham Owl— 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel. (vi) Gilad Altshuler— c/o Altshuler-Shaham, 19A Habarzel Street, Ramat Hahayal, Tel Aviv, 6971026, Israel

(c). Citizenship

Item 2(c). Citizenship: The citizenship or state of organization, as applicable, of each Reporting Person is as follows: (i) Altshuler-Shaham— Israel (ii) Altshuler Shaham Finance— Israel (iii) Altshuler Shaham Provident Funds—Israel (iv) Altshuler Shaham Mutual Funds—Israel (v) Altshuler Shaham Owl— Israel (vi) Gilad Altshuler— Israel

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities: This Amendment relates to the Ordinary Shares, no par value (“ Ordinary Shares ”), of the Issuer.

(e). CUSIP Number

Item 2(e). CUSIP Number: The CUSIP number of the Ordinary Shares is Y46717107 . CUSIP No. Y46717107 13G/A Page 10 of 15 Pages

If this statement is filed pursuant to §§ 240.13d-1(b)

Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K). Not applicable. If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:___________

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. The following beneficial ownership information for the Reporting Persons is provided as of June 4, 2024: I. Altshuler-Shaham (a) Amount beneficially owned: 2,634,561 o rdinary Shares (1) (b) Percent of class*: 4.99% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose of or to direct the disposition of: 0 (iv) Shared power to dispose of or to direct the disposition of: 2,634,561(1) CUSIP No. Y46717107 13G/A Page 11 of 15 Pages II. Altshuler Shaham Finance (a) Amount beneficially owned: 2,492,245 o rdinary Shares (2) (b) Percent of class*: 4.7% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose of or to direct the disposition of: 0 (iv) Shared power to dispose of or to direct the disposition of: 2,492,245 (2) III. Altshuler Shaham Provident Funds (a) Amount beneficially owned: 2,492,245 Ordinary Shares (3) (b) Percent of class*: 4.7% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,492,245 (3) (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose of or to direct the disposition of: 0 (iv) Shared power to dispose of or to direct the disposition of: 2,492,245 (3) III. Altshuler Shaham Mutual Funds (a) Amount beneficially owned: 142,316 Ordinary Shares (4) (b) Percent of class*: 0.3% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 142,316 (4) (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose of or to direct the disposition of

Ownership of Five Percent or Less of

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: CUSIP No. Y46717107 13G/A Page 13 of 15 Pages

Ownership of More Than Five Percent

Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Various public investors have the right to receive dividends from, and proceeds from the sale of, the (i) 2,492,245 Ordinary Shares held by provident and pension funds managed by Altshuler Shaham Provident Funds and (ii) 142,316 Ordinary Shares held by mutual funds managed by Altshuler Shaham Mutual Funds.

Identification and Classification of the Subsidiary Which

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certifications

Item 10. Certifications. Each of the Reporting Persons hereby certifies as follows: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. CUSIP No. Y46717107 13G/A Page 14 of 15 Pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. ALTSHULER SHAHAM LTD. By: /s/ Ran Shaham Name: Ran Shaham Title: Co-Chief Executive Officer ALTSHULER SHAHAM FINANCE LTD. By: /s/ Ran Shaham Name: Ran Shaham Title: Chairman of the Board By: /s/ Yair Lowenstein Name: Yair Lowenstein Title: Chief Executive Officer Altshuler Shaham Provident & PENSION Funds LTD. By: /s/ Kalman Shaham Name: Kalman Shaham Title: Equity Holder By: /s/ Yair Lowenstein Name: Yair Lowenstein Title: Chief Executive Officer and Equity Holder Altshuler Shaham Mutual Funds Management Ltd. By: /s/ Kalman Shaham Name: Kalman Shaham Title: Equity Holder Altshuler Shaham OWL, LIMITED PARTNERSHIP By: /s/ Kalman Shaham Name: Kalman Shaham Title: Equity Holder /s/ Gilad Altshuler GILAD ALTSHULER Date: July 5, 2024 CUSIP No. Y46717107 13G/A Page 15 of 15 Pages EXHIBITS Exhibit 1. Joint Filing Agreement pursuant to Rule 13d-1(k)(1) (incorporated by reference to Exhibit 1 to Amendment No. 2, filed by the Reporting Persons on February 12, 2024)

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