TIDM51IR
RNS Number : 9279S
Hapoalim International NV
14 March 2019
RNS Notification
14 March 2019
Offering Circular dated 30 July 2015 in respect of the USD
2,500,000,000 Global Medium Term Programme (the "Programme") of
Hapoalim International N.V. (the "Issuer"), as amended, restated or
supplemented from time to time (the "Offering Circular")
RE: Notification in respect of certain events affecting Bank
Hapoalim B.M., the guarantor of the Issuer's obligations under the
Programme
Terms used but not otherwise defined herein shall have the
meanings ascribed to them in the Offering Circular.
The Issuer makes the following announcement in respect of Bank
Hapoalim B.M., the guarantor of the Issuer's obligations under the
Programme (the "Guarantor"):
The Guarantor has published the attached immediate report on a
settlement of derivative claims in connection with credit to
Dankner:
LEI of the Guarantor: B6ARUI4946ST4S7WOU88
Class and sub-class of regulated information: Ongoing regulated
information - Inside information
For further information please contact:
Gilad Bloch
Secretary of the Bank
Bank Hapoalim B.M.
Direct Dial: +972 (0)3 567 3800
Email: gilad.bloch@poalim.co.il
The following is an unofficial translation of the Hebrew report
and has been prepared for convenience only. In case of any
discrepancy, the Hebrew version prevails.
"
Bank Hapoalim B.M.
Number with the Registrar: 520000118
Securities Authority Tel Aviv Stock Exchange Ltd. Tav 121
Transmitted via Magna: 14/03/2019
www.isa.gov.il www.tase.co.il (Public) Reference:
2019-01-022108
Immediate Report
Explanation: This form should not be used when there is a
form
appropriate to the reported event.
Results of an issue should be reported on Tav 20 and not on this
form.
A report on the rating of bonds or the rating of a
corporation
should be filed under Form Tav 125.
Nature of the Event: Settlement of derivative claims in
connection with credit to Dankner
Reference numbers of previous reports on the subject:
_____________________________
Further to the provisions of Section 3.13 (B)(1) of the Report
of the Board of Directors and the Board of Management of Bank
Hapoalim B. M. ("the Bank") for the third quarter of 2018 (page
115) and to previous reports regarding applications for the
approval of two derivative claims against office holders of the
company (in the present and in the past) ("the Respondents") in
connection with credits granted by the Bank to Nochi Dankner and to
Tomahawk Investments Ltd. ("Tomahawk", a company wholly owned by
him), the Bank updates that the Applicant, the Respondents and the
Bank (following approval by the Audit Committee and the Board of
Directors of the Bank) filed with the District Court of Tel Aviv -
Yafo on 13.3.2019 an application for the approval of a settlement
agreement in connection with the two aforesaid proceedings.
According to the gist of the settlement agreement: The insurance
company, that insures the Respondents, will pay the Bank the sum of
NIS 15.65 million and out of this amount a return will be paid to
the Applicant and a fee to his attorney; the two claims will be
fully and finally discharged and the Applicant and the Bank will
waive vis à vis the office holders the causes of action and the
claims in connection with the credits granted to Tomahawk and to
Nochi Dankner; the settlement does not constitute admission by any
of the parties of the allegations of the other party. The
settlement agreement is subject to the approval of the Court and
there can be no certainty that such approval will be granted.
Attached is a file _____________________
The company is not an enveloping company as defined in the TASE
Rules and Regulations
The date and time when the corporation first learned of the
event: 13/03/2019 at 17:00
Names of the signatories on behalf of the Corporation and their
job titles:
Yael Almog, Her Job Title: Chief Legal Advisor
Ofer Levy, His Job Title: Chief Accountant
Date Signed: 14.03.2019
The reference numbers of the previous documents on the subject
(any citation made does not
constitute inclusion by way of reference):
2018-01-108468
The securities of the corporation are listed for trading on the
Tel Aviv Stock Exchange
Date on which the structure of the form was updated:
19/02/2019
Abbreviated Name: Poalim
Address: POB 27, Tel Aviv 6100001 Telephone: 03-567 3800. 03-567
3333, Fax: 03-567 4576
Electronic Mail: gilad.bloch@poalim.co.il Company Website:
http://www.bankhapoalim.co.il
Previous names of reporting entity:
Name of Electronic Reporter: Gilad Bloch, His Job Title:
Secretary of the Bank, Name of Employing Company:
Address: Yehuda Halevy 63, Tel-Aviv 6578109, Telephone: 03-567
3800 Fax: 03-567 4576,
Electronic Mail: gilad.bloch@poalim.co.il
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGUACWUPBGCC
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