2015-10-09

(Source: Delek Group Ltd) Tel Aviv, October 9, 2015 . Delek Group (TASE: DLEKG, US ADR: DGRLY) ('the Company') announces that as part of its strategy to identify international investment opportunities in the energy field, on October 9, 2015, a wholly owned foreign subsidiary of the Company ('the Subsidiary') signed a binding investment agreement with Ithaca Energy Inc. ('Ithaca'). As part of the agreement the Subsidiary will be issued new shares amounting to 19.9% of the enlarged issued and paid up share capital of Ithaca at a price of CAD 1.05 per share and for an overall consideration of approximately USD 66 million ('the Investment Agreement'). Ithaca is an independent operator in the oil...

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