Tel Aviv, March 13, 2018. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the Company’s Immediate Report dated May 25, 2014 (ref. no. 2014-01-069642) concerning a petition to approve a class action against the Company, the Company’s Chairman of the Board of Directors and CEO, and the Company’s controlling shareholder, concerning the exit of Delek Energy Ltd (a subsidiary of the Company) from the indices in which it was traded, prior to publication of a purchase offer (“Petition for Approval”) and further to the Company’s Immediate Report dated February 21, 2017 (ref. no. 2017-01-015748) concerning the ruling of the Tel-Aviv-Jaffa District Court in respect of the Petition for Approval, the parties to the proceedings are in advanced negotiations to formulate a compromise and to reach fundamental agreements that are likely to render continuation of the proceedings redundant.
When an arrangement will be formulated between the parties it will be submitted for approval to the Tel-Aviv-Jaffa District Court in accordance with the law.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on March 13, 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
Head of Investor Relations
Delek Group Ltd.
Tel: +972 9 863 8444