TEL-AVIV, Israel, December 16, 2013 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE MKT: ELLO; TASE: ELOM) ("Ellomay"
or the "Company"), today announced that the Company has filed a
confidential draft prospectus (the "Prospectus") with the
Israel Securities Authority and Tel Aviv Stock Exchange. Upon
publication (subject to the receipt of a permit from the Israel
Securities Authority and the future approval of listing of the
Debentures by the Tel Aviv Stock Exchange), the Prospectus will
enable the Company to offer nonconvertible debentures in aggregate
principal amount that is expected to be up to NIS 120-150 million. The debentures will not be
offered in the United States or to
U.S. persons. The final amount will be decided by the Company's
board of directors if and when it will give the final approval of
the offering.
At this stage, the execution of such possible public offering,
its terms, scope and timing, is subject to final approval by the
Company's board of directors, regulatory approvals and other
factors, such as market conditions.
The public offering described in this
press release, if made, will be made in Israel only and not to U.S. persons. The
debentures, if offered, will not be registered under the U.S.
Securities Act of 1933, as amended, and will not be offered or sold
in the United States without
registration or applicable exemption from the registration
requirements according to the U.S. Securities Act of 1933. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any debentures.
About Ellomay Capital
Ellomay is an Israeli public company whose shares are listed on
the NYSE MKT stock exchange, which focuses its business in the
energy and infrastructure sectors worldwide and is chaired by Mr.
Shlomo Nehama, former Chairman of
Bank Hapoalim, and controlled by Mr. Nehama and Kanir Joint
Investments (2005) Limited Partnership, which is controlled by Mr.
Ran Fridrich and Mr. Hemi
Raphael.
Ellomay's main assets include twelve photovoltaic plants in
Italy with an aggregate nominal
capacity of approximately 22.6 MWp (six in the Puglia Region, four
in the Marche Region and two in the Veneto Region), 85% ownership
of a photovoltaic plant in Spain
with a capacity of approximately 2.3 MWp, and 7.5% indirect
holdings in Dorad (with an option to increase such holdings to
9.375%), Israel's largest private
power plant, which is in the final stages of construction and is
expected to have an aggregate capacity of approximately 800MW
(representing approximately 8% of Israel's current electricity consumption).
Information Relating to
Forward-Looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties, including statements
that are based on the current expectations and assumptions of the
Company's management. All statements, other than statements of
historical facts, included in this press release regarding the
Company's plans and objectives, expectations and assumptions of
management are forward-looking statements. The use of certain
words, including the words "estimate," "project," "intend,"
"expect," "believe" and similar expressions are intended to
identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The Company
may not actually achieve the plans, intentions or expectations
disclosed in the forward-looking statements and you should not
place undue reliance on the Company's forward-looking statements.
Various important factors could cause actual results or events to
differ materially from those that may be expressed or implied by
our forward-looking statements including market conditions. These
and other risks and uncertainties associated with the Company's
business are described in greater detail in the filings the Company
makes from time to time with Securities and Exchange Commission,
including its Annual Report on Form 20-F. The forward-looking
statements are made as of this date and the Company does not
undertake any obligation to update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Contact:
Kalia Weintraub
CFO
Tel: +972(3)797-1111
Email: anatb@ellomay.com
SOURCE Ellomay Capital Ltd