Binding Memorandum of Understanding for Sale of Delek Pi Gelilot
Tel Aviv, May 7, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that on May 7, 2020 Delek The Israel Fuel Corporation Ltd, a subsidiary held 100% indirectly by the Company (“Delek Israel”), signed a binding Memorandum of Understanding (“Memorandum of Understanding”) with a third party for the sale of all the rights of Delek Israel […]
Updates regarding Credit Facilities
Tel Aviv, May 7, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) provides an update further to the report dated April 30, 2020 (ref. no.2020-01-042810), which is included in this report by way of reference, concerning a temporary injunction that the court issued ex-parte following the petition of Delek Energy Systems Ltd (“Delek Energy”), ordering an Israeli […]
Maalot & S&P Rating Report
Delek Group Summarizes 2019 and Publishes Consolidated Reports
2019 results: Expansion of oil and gas production in the North Sea region led to a growth in revenue in 2019 to NIS 8.8 billion, compared to NIS 8.1 billion in 2018; The Company’s net profit amounted to NIS 234 million. Continued operations contributed NIS 760 million to the Company, mostly attributed to the Group’s gas and oil exploration operations in Israel and worldwide; Progress in implementation of the […]
Delek Group – Conference Call for Investors Following Publication of Financial Statements
Tel Aviv, May 3, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that the Company’s management will hold conference calls to review the financial statements on two occasions, in Hebrew and in English. The call in Hebrew will take place on Monday, May 4, 2020 at 12pm. Dial-in number: 03-9180609. The call in English will take […]
Financing – Update on Previous Report Dated April 1, 2020 – Receipt of Temporary Injunction
Tel Aviv, April 30, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to its Immediate Report dated April 1, 2020 (ref. no. 2020-01-034704) concerning the notice the Company received from an Israeli bank (“the Bank”) about the demand for immediate repayment of a loan of NIS 100 million that the Bank had provided to […]
Petition to Approve Filing of Class Action Against Delek Yam Maagan (2011) Ltd, a Subsidiary
Tel Aviv, April 30, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that on April 27, 2020 it received a petition to approve a class action filed in the Haifa District Court against a subsidiary of the Company, Delek Yam Maagan 2011 Ltd (“Delek Yam Maagan”), another company that purchased the land in trust for the […]
Completion of Share Swap
Tel Aviv, April 30, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the Company’s Immediate Report dated September 2, 2018 concerning a swap transaction for the shares of The Phoenix Holdings Ltd (“The Phoenix”) (ref. no. 2018-01-083754), on April 27, 2020 it informed the bank with which it had contracted in the swap […]
Application for Approval of Class Action
Tel Aviv, April 27, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that is subsidiary, Delek Drilling Limited Partnership (“the Partnership”), published an immediate report according to which an application was submitted to approve a class action against the Partnership, the General Partner of the Partnership, the Company, the controlling shareholder of the Company and the […]
Board Decision Concerning Strengthening Collateral and Capital as Part of Negotiations
Tel Aviv, April 27, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that in order to reach a comprehensive agreement with the Company’s secured and unsecured creditors through negotiations with them, the Company’s Board of Directors decided on April 26, 2020 to adopt the principles of the draft comprehensive plan proposed by the Company’s economic advisers, […]
