TEL AVIV, Israel, January 9, 2014 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE MKT:
ELLO; TASE: ELOM)
("Ellomay" or
the "Company"), announced
today that further to its announcement on December 31, 2013 of the publication of a final
prospectus (the "Prospectus") for the offering (the
"Offering") of Series A Debentures (the
"Debentures"), the Company completed an institutional and
classified investors bidding (the "Classified Bidding").
At the Classified Bidding, the Company received early
commitments to order 284,296 units of the Debentures (each in the
principal amount of NIS 1,000, the
"Unit") of which the Company accepted commitments to
purchase 96,000 Units at a price per Unit of NIS 971 for a total consideration of
approximately NIS 93.2 million
(approximately $26.6 million). The
institutional and classified investors will receive a 0.5% discount
for their early commitment, calculated based on the minimum price
per Unit in the public tender.
The Classified Bidding constitutes early commitments by the
institutional and other classified investors with respect to their
offer in the public tender. Unless and until the public tender will
be completed and the Company receives the approval for listing of
the Debentures on the Tel Aviv Stock Exchange, the offers by the
institutional and other classified investors will not be accepted
by the Company.
The date of the public tender, including the final structure of
the Offering, will be published in Israel by the Company in a Complementary
Notice in Hebrew.
The public offering described in this
press release will be made in Israel only and not to U.S. persons. The
Debentures 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 and on the Tel Aviv 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," "anticipate," "will," "plan," "could," "may"
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
receipt of regulatory approvals and 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