TEL-AVIV, Israel, January 13, 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 Nonconvertible Debentures, with a
fixed annual interest rate of 4.6% (the "Debentures") and
its announcement on January 9, 2014
of the results of the classified bidding, the public tender (the
"Tender") for the Debentures was held on January 12, 2014.
At the Tender, the Company accepted orders for 120,000 units of
the Debentures (each in the principal amount of NIS 1,000, the "Unit") for an aggregate
principal amount of Debentures of NIS 120
million (approximately $33.4
million) at a price per Unit of NIS
973. The Company expects to receive gross offering proceeds
of approximately NIS 116.8 million
(approximately $34.3 million), or
approximately NIS 114.8 million
(approximately $32.8 million), net of
offering expenses.
The public offering described in this
press release was made in Israel,
to residents of 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, as amended. 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