|Results of Tender to Obtain Prior Commitment from Classified Investors to Purchase Debentures|
Tel Aviv, February 21, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that as part of its intention to carry out a public offering of debentures (Series B31) through an expansion of the series, on February 20, 2017 a tender was held to receive prior commitments from classified investors.
In the tender, applications were received for the purchase of 1,228,825 units (the composition of each unit has a par value of NIS 1,000), of which the Company received prior commitments for 995,929 units. The closing price per unit is NIS 1,019, which represents the minimum price in the Shelf Offering Report.
The Company is working to obtain updated rating reports for offering up to a total of par value of NIS 1.1 billion. This is pursuant to the Immediate Reports dated February 19, 2017 (ref.nos. 2017-01-017301, 2017-01-017430).
The Company intends to publish a Shelf Offering Report based on the Company's Shelf Prospectus dated May 31, 2016, ref. no. 2016-01-039240). It should be emphasized, for the sake of caution, that there is no certainty that the offering will take place, and that it is subject to receiving the approvals required in law. It is also stipulated that the public offering, if it should take place, will be held as part of the Shelf Offering Report through a unified offering, with the scope of the public offering and its other terms being specified therein, and that the final unit price will be set as part of the public tender, if it takes place.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on February 21, 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