|Completion of the Complusory Acquisition of the Remaining Shares of Ithaca Energy|
Tel Aviv, June 6, 2017. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) further to the immediate report of the Company dated May 12, 2017 (Ref. No .: 2017-01-048150), the Company hereby announces that on June 5, 2017, the complusory acquisition of the remaining ordinary shares of Ithaca Energy Inc. ("Ithaca") was completed, and DKL Investments Limited, wholly owned subsidiary by the Company, now holds 100% of Ithaca’s shares.
On June 7, 2017, Ithaca’s shares will be delisted from trading on the Toronto Stock Exchange (TSX) and ther London AIM.
This is a convenience translation of the original HEBREW immediate report issued to the Tel Aviv Stock Exchange by the Company on June 6, 2017.
About The Delek Group
Delek Group is an independent E&P and the pioneering visionary behind the development of the East Med. With eight consecutive finds in the Levant Basin, 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