|Receipt of Waiver Concerning Possible Change of Control of Ithaca Energy Inc|
Tel Aviv, March 26, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) ("the Company") updates that further to the Company's Immediate Report dated February 6, 2017 (ref. no. 2017-01-012945), on March 24, 2017, Ithaca Energy Inc ("Ithaca") announced that it had received the consent of Ithaca bondholders in the requisite amount of USD 300 million, that they approved the waiver of the immediate repayment clause as a result of a change in control resulting from the Company's offer to acquire Ithaca's share capital, if it should be completed.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on March 26, 2017.
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.