Tel Aviv, August 7, 2018. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) reports that further to the Purchase Offer Specification attached to the Immediate Report dated July 24, 2018 (ref. no. 2018-01-067410) (“the Specification”), in which April M. A. Real Estate Agency Ltd, controlled by Mr. Itzhak (Sharon) Tshuva, indirectly the controlling shareholder of the Company (“the Offeror”), offered to purchase part of the Company’s shares held by the public, in accordance with the terms stipulated in the Specification, the Company has been asked this evening by the Offeror to publish the results of the Purchase Offer :
In the Specification the Offeror offered to purchase from the public, at a consideration of NIS 520 per share, up to 350,960 of the Company’s shares for an overall amount of NIS 182.5 million, representing 2.93% of the issued and paid up share capital of the Company and of the Company’s capital rights and 3.12% of the voting rights in it (not at full dilution) and 2.70% of the issued and paid up share capital of the Company and of the Company’s capital rights and 2.86% of the voting rights in it (at full dilution).
This evening the Offeror received notice from the Offer Coordinator that the number of shares for which acceptance notices were received was 29,253 shares for an overall amount of NIS 15.2 million, representing 0.244% of the Company’s capital and 0.260% of the voting rights in the Company (not at full dilution) and 0.225% of the Company’s capital and 0.239% of the voting rights in the Company (at full dilution). Accordingly, the said shares will be purchased by the Offeror, in accordance with the terms of the Specification.
It is clarified, for the avoidance of doubt, that the Company itself is not a party to the purchase offer and that the information provided above was provided to it by the Offeror to publicize to shareholders.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on August 7, 2018.
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
Head of Investor Relations
Delek Group Ltd.
Tel: +972 9 863 8443
It is stipulated that in the light of the scale of the offer (as detailed in the Specification), the Securities Regulations (Purchase Offer), 2000, do not apply to the purchase offer and the Specification.