Years: 2020

Application to Approve Filing of Class Action

Tel Aviv, April 27, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that yesterday, April 26, 2020, it received an application to approve a class action filed with the Tel-Aviv District Court (Economic Division). The application is directed towards the Company, the Company’s auditors, the members of the Company’s Committee for the Examination of the Financial […]

Proposed Plan by the Company’s Business Consultants to Reinforce Collateral and Recommendations for Raising Capital

Proposed Plan by the Company’s Business Consultants to Reinforce Collateral and Recommendations for Raising Capital Delek Group Ltd (“the Company”) is a public company traded on the Tel-Aviv Stock Exchange. The Company holds (directly and indirectly), inter alia, 55% of the participation units of the Delek Drilling Limited Partnership (“Delek Drilling”), which is a public […]

Sale of Company’s Holdings in Cohen Development Gas and Oil Ltd

Tel Aviv, April 19, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announced that on April 19, 2020 an agreement was signed and the transaction completed for the sale of all the Company’s shares in Cohen Development Gas & Oil Ltd (“Cohen Development”), amounting to 51.76% of the issued and paid up share capital of Cohen Development […]

Termination of relationship with Midroog Ltd.

Tel Aviv, April 16, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces it has notified Midroog Ltd. (“Midroog”) of termination of relations with it and that Midroog will cease to serve as the Company’s ratings company commencing April 13, 2020. The Company’s series of debentures will continue to be rated by Maalot S&P. This is a […]

Petition to Approve Class Actions

Tel Aviv, April 16, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that on the eve of the Passover holiday, April 14, 2020, it received notices by mail (both from the same law firm mail address) stating that two statements of claim and application for their certification as class actions, were filed in the Tel Aviv-Yafo […]

Additional 1.3% of Delek Drilling’s Participation Units Have Been Mortgaged in Favor of an Israeli Bank

Tel Aviv, April 1, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the Company’s Immediate Reports dated March 15, 2020 and March 23, 2020 (ref. nos. 2020-01-024360 and 2020-01-028113, respectively), an Israeli bank (“the Bank”) that provided Delek Energy Systems Ltd (“Delek Energy”) with a loan of NIS 100 million secured by participation […]

Completion of Sale of IDE Holdings Ltd

Tel Aviv, March 26, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the Company’s Immediate Report dated March 16, 2020 (ref. no. 2020-01-025203) concerning signing of an agreement for the sale of the balance of the Company’s holdings, 20%, in IDE Holdings Ltd (“the Transaction”), on March 25, 2020 the Transaction was completed, […]

Change in Interest Rates Due to Change in Rating of Company’s Debentures

Tel Aviv, March 25, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the rating report published on March 23, 2020 (ref. no. 2020-01-028470) (“Date of Lowering Rating”), in which Midroog Ltd (“Midroog”) lowered the rating of the Company’s Debentures (Series B13, B18, B19, B31, B33 and B34) from a rating of A2.il to […]

Purchase of Delek Drilling Participation Units and Annulment of Injunction

Tel Aviv, March 25, 2020. Delek Group (TASE: DLEKG, US ADR: DGRLY) (“the Company”) announces that further to the Company’s Immediate Reports dated March 15, 2020 and March 17, 2020 (ref. nos. 2020-01-024360, 2020-01-024777 and 2019-01-025776, respectively) concerning legal proceedings by Delek Energy Systems Ltd (“Delek Energy”) against a foreign bank that put up for sale participation units that […]