RE: Shares in Treasury are obsolete, can't be cancelled or re-issued under Israeli law22 Apr 2024 17:20
I don't think that you write is the whole story, SeaTank. If I look at the daily statements of the company, I see that on December 29th, 2023 they stated that they had 35,930,522 shares in treasury. A few days later, in the statement on January 3rd, 2024, they declared to have only 35,197,089 in treasury. So obviously they did take shares from the treasury and gave them to the directors and managers.
Personally I have no problem with the shares being held in treasury, and if they give some(!) to the directors, I can accept this.