Tax Decisions Regarding Tender Offer for Delek Energy Shares

October 10, 2018 at 10:00 AM CEST

Tel Aviv, October 10, 2018. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces: In respect of the specification of a full and conditional exchange tender offer for the shares of Delek Energy dated October 16, 2018 (“the Specification”) and the tax decisions published by the Company further to the Specification on October 4, 2018 (ref. no. 2018-01-092361) and on  October 8, 2018 (2018-01-093051) (“the Tax Decisions”) and in connection with the Company's announcement of the results of the Purchase Offer (ref. No. 2018-01-095500), the Company announces:

  1. In order to make the calculation of the formula in the Tax Decisions concerning the split of the amount of Delek Energy shares sold by the offerees, the value of the Delek Group Ltd shares (security no. 1084128 is 57,405.73 agorot and the value of a participation unit of Delek Drilling Limited Partnership (security no. 475020) is 1,025.19 agorot. This calculation is according to the average closing prices for the 30 last trading days prior to the actual exchange date .
  2. The price of Delek Energy shares exchanged for consideration of the Company’s shares represents 30.49%.

 

This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on October 10, 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

 

Average closing prices of the said securities from August 19, 2018 until October 10, 2018 (inclusive).