TIDM51IR

RNS Number : 1705V

Hapoalim International NV

04 April 2019

RNS Notification

4 April 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 the rejection of motion for approval of derivative claim - Update:

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: 02/04/2019 

www.isa.gov.il www.tase.co.il (Public) Reference: 2019-01-031885

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: Rejection of Motion for Approval of Derivative Claim - Update

Reference numbers of previous reports on the subject: _____________________________

Further to the provisions of Note 25.C.a.8 of the Financial Statements of Bank Hapoalim B.M. ("the Bank") for the year 2018 and to the immediate report of the Bank of 25.3.2018 regarding a motion for approval of a derivative action against the Bank and other banks alleging the unlawful collection and without proper disclosure to customers of a fee in connection with activity of conversion and shipment of foreign currency, the Bank updates as follows:

On 1.4.2019 judgment of the Supreme Court was given in the framework of which the Applicants' appeal against the judgment of the District Court in which the motions for approval of a derivative action against the banks (including the Bank as aforesaid) was denied.

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: 01/04/2019 at 18:00

Names of the signatories on behalf of the Corporation and their job titles:

Yael Almog, Chief Legal Advisor

Moriah Hoftman Doron, Head of the Central Legal Counseling Division

Date signed: 02.04.2019

The reference numbers of the previous documents on the subject (any citation made does not

constitute inclusion by way of reference):

   2018-01-023214     2019-01-023182 

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

MSCUGUAACUPBGUC

(END) Dow Jones Newswires

April 04, 2019 06:59 ET (10:59 GMT)

Hapoalim 21 (LSE:51IR)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Hapoalim 21 Charts.
Hapoalim 21 (LSE:51IR)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Hapoalim 21 Charts.