|Expansion of Debentures Series|
Tel Aviv, February 19, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that it is assessing the possibility of issuing debentures (Series B31) through an expansion of the series and registering them for trading on the Tel-Aviv Stock Exchange Ltd.
Implementation of the issue, the structure of the issue, its scope and terms are still to be finally determined and the matter is subject to the Company’s discretion, to market conditions and to receipt of all the authorizations required in law. Nothing in this report shall create any undertaking by the Company to carry out a debentures issue.
An issue of debentures will take place, if it takes place, based on a Shelf Offering Report that the Company will publish under the Company’s Shelf Prospectus dated May 31, 2016 (ref. no. 2016-01-039240). Nothing in this report shall be considered an offering to the public and/or an invitation to purchase the Company’s securities.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on February 19, 2017.
About The Delek Group
The Delek Group, Israel's dominant integrated energy company, is the pioneering leader of the natural gas exploration and production activities that are transforming the Eastern Mediterranean's Levant Basin into one of the energy industry's most promising emerging regions. Having discovered Tamar and Leviathan, two of the world's largest natural gas finds since 2000, Delek and its partners are now developing a balanced, world-class portfolio of exploration, development and production assets with total gross natural gas resources discovered since 2009 of approximately 40 TCF.
In addition, Delek Group has a number of assets in downstream energy, water desalination, and in the finance sector.
For more information on Delek Group please visit www.delek-group.com