TEL-AVIV, Israel, June 8, 2014 /PRNewswire/ -- Ellomay
Capital Ltd. (NYSE MKT: ELLO; TASE: ELOM) ("Ellomay" or
the "Company") an emerging operator in the renewable energy
and energy infrastructure sector, today announced that Standard
& Poors Maalot Ltd., an Israeli rating company affiliated with
Standard & Poors, assigned its ilA- rating in connection with
the potential issuance up to NIS 80
million par value additional unsecured non-convertible
Series A debentures of the Company (the "Series A
Debentures").
The Company intends to issue the additional Series A Debentures
to Israeli classified investors in a private placement as an
increase to the outstanding Series A Debentures of the Company,
which was initially issued in January
2014. The final terms of the private placement have not yet
been determined and there is no assurance whether, when and under
what terms it will eventually be carried out.
In the event the private placement will be held and additional
Series A Debentures will be issued by the Company, the terms of the
additional Series A Debentures will be identical to the terms of
the outstanding Series A Debentures. The potential private
placement will be subject to various conditions, including the
approval of the Tel Aviv Stock Exchange for the listing of the
additional Series A Debentures and the approval of the Israeli tax
authorities for the formula for calculating the weighted discount
rate for all Series A Debentures for tax purposes.
A security rating is not a recommendation to buy, sell or
hold securities, it may be subject to revision or withdrawal at any
time by the assigning rating organization, and each rating should
be evaluated independently of any other rating.
In the event the private placement will take place, it will
be made to Israeli classified investors only and not to U.S.
Persons. The additional Series A 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
securities.
Information Relating to Forward-Looking
Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. All statements, other
than statements of historical facts, included in this press release
regarding our plans and objectives 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. We may not actually
achieve the plans, intentions or expectations disclosed in our
forward-looking statements and you should not place undue reliance
on our 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 changes in applicable regulations and instability in the
financial markets. These and other risks and uncertainties
associated with our business are described in greater detail in the
filings we make from time to time with Securities and Exchange
Commission, including our 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.