Israel Post company is currently carrying out redemption of shares of Northern Co-Op and Zevulun Co-op.
Notification letters were sent out to owners of these shares informing them of their entitlement to redeem and cash in the shares they hold.
People who are eligible should visit one of the postal branches providing this service in order to cash in their shares.
Shareholders must come to the postal unit with an ID card and Notification letter.
Payment to shareholder will be made by a postal bank check in the name of the customer.
In addition to the first payment, shareholders are entitled to an additional payment.
The additional payment will be executed by crediting the shareholder’s bank account or by sending a check to the shareholder by mail.
At the time of the first payment, the shareholder will specify the preferred means of payment for the additional payments.
Joint shares: When the shares belong to two family members, it is possible to redeem the share only in the presence of both shareholders. Both shareholders must arrive at the postal branch with their ID cards.
After checking their details, payment will be made by issuing a postal check in the name of the two shareholders.Appeals:A customer who was not found to be eligible to cash in the share is entitled to submit an appeal form available at the postal branch.
The customer is responsible for filling in the form and submitting it to the Co-Op according to the address listed on the form.
If an appeal is submitted, the Co-Op’s reply will be sent to the customer, informing him of the decision.
List of branches providing this service