Tel Aviv, July 27, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to sections 1.7.14(E)(1)(b)(5) and 1.7.14(E)(2)(b)(4) of the Company’s periodic report for 2019, which was published on May 3, 2020, about the option granted to Dolphinus Holdings Limited to reduce the take or pay quantity under the circumstances prescribed therein, the Company received a demand at its offices from Israel Securities Authority for information and documents as part of an administrative investigation with the Company. This disclosure was provided in view of the Company’s intention to raise capital under a shelf offering report.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on July 27, 2020.
About The Delek Group
Delek Group is an independent E&P company with activities in the UK North Sea and the East Mediterranean. Delek Group has significant holdings in the Leviathan and Tamar natural gas reservoirs in the East Mediterranean (Israel's territorial water), with reserves and resources of more than 30 TCF and annual production of approximately 20 BCM. These reservoirs are a major natural gas supplier to the growing markets of Israel, Egypt and Jordan and Delek continues to lead the region’s development into a major natural gas export hub. Through its wholly owned subsidiary Ithaca, Delek Group holds high-quality oil and natural gas assets in the UK North Sea totaling more than 270 million barrels of oil equivalent (boe) and producing about 27 million boe per year. 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 (DLEKG:IT) And its ADRs are traded on the US OTC market (DGRLY:US).
For more information on Delek Group please visit www.delek-group.com
Head of Investor Relations
Delek Group Ltd.
Tel: +972 9 8638443