Adjusted Conversion Rate for Convertible Debentures Post Dividend

December 13, 2018 at 8:50 AM CET

Adjusted Conversion Rate for Debentures Series B32 and B33

Tel Aviv, December 12, 2018. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces further to the Company’s Immediate Report dated November 29, 2018 concerning the distribution of a cash dividend in the overall amount of NIS 150 million (ref. no. 2018-01-115680), that in accordance with section 8.1 of the terms on the reverse side of the deed of trust for debentures (Series B32, ISIN IL0011388746), effective from the ex-dividend date (namely, December 12, 2018) the adjusted conversion rate of each debenture for the distribution of the said dividend will be NIS 1,057.24945 whereby each nominal value of NIS 1,057.24945 of debentures (Series B32) can be converted to one ordinary share of the Company (nominal value NIS 1).
Similarly, in accordance with section 8.1 of the terms on the reverse side of the deed of trust for debentures (Series B33, ISIN IL0011388829), effective from the ex-dividend date (namely, December 12, 2018) the adjusted conversion rate of each debenture for the distribution of the said dividend will be: for each trading day from the ex-dividend date until July 10, 2019 NIS 1,057.24945 whereby each nominal value of NIS 1,057.24945 of debentures can be converted to one ordinary share of the Company (nominal value NIS 1); during the period commencing July 11, 2019 until December 31, 2019 (inclusive) - NIS 1,321.56182 whereby each nominal value of NIS 1,321.56182 of debentures can be converted to one ordinary share of the Company (nominal value NIS 1).

This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on December 12, 2018.


About The Delek Group

Delek Group is an independent E&P and the pioneering visionary behind the development of the East Med. With major finds in the Levant Basin, including the Leviathan (21.4 TCF) and Tamar (11.2 TCF) reservoirs and others, Delek is leading the region’s development into a major natural gas export hub. In addition, Delek has embarked on an international expansion with a focus on high-potential opportunities in the North Sea and North America. Delek Group is one of Israel’s largest and most prominent companies with a consistent track record of growth. Its shares are traded on the Tel Aviv Stock Exchange (TASE:DLEKG) and are part of the TA 35 Index.
For more information on Delek Group please visit www.delek-group.com


Contact

Investors

Yonah Weisz
Head of Investor Relations
Delek Group Ltd.
Tel: +972 9 863 8443
investor@delek-group.com