ALONY-HETZ PROPERTIES & INVESTMENTS LTD. September 5, 2016
For the attention of | For the attention of |
The Securities Authority | The Tel-Aviv Stock Exchange Ltd. |
Via the Magna | Via the Magna |
Re: Immediate Report regarding the results of an issue to the public under a shelf offer report dated September 4, 2016, which was published under a shelf prospectus dated May 27, 2015
In accordance with Section 30 of the Securities Law, 5728-1968 and the Securities Regulations (Notice of Results of the Offer in a Prospectus), 5730-1969, Alony Hetz Properties & Investments Ltd. ("The Company") is honored to announce hereby the results of the issue under the Company's shelf offer report dates September 4, 2016 (hereinafter: "The Self Offer Report"), which was published under a shelf prospectus dated May 27, 2015.
Within the framework of the Shelf Offer Report, the Company offered to the public:
Up to NIS 320.5 million par value in bonds (Series I), specifically registered, at par value NIS 1 each, bearing interest at an annual fixed rate of 3.85% per year (hereinafter: the Bonds (Series I)"_, by way of the expansion of a series, and up to 4,807,500 option warrants (Series 14), each of which is convertible into NIS 100 par value in bonds (Series I) against the payment of the exercise price of NIS 103 (one hundred and three) (unlinked) until February 20, 2017.
The abovementioned securities were offered in 320,500 units, with each unit containing NIS 1,000 par value of bonds (Series I) and 15 option warrants (Series 14) (hereinafter: "the Unit") at a minimum price of NIS 1,179 per unit.
The list of those signing up for the purchase of the bonds (Series I) and the option warrants (Series 14) that have been offered to the public as detailed above, was opened on September 4, 2016 and closed later on the same day.The following are the results of the tender to the public, which was held on September 4, 2016: Within the framework of the tender to the public, 62 orders for the purchase of 271,265 units with an overall monetary value of approximately NIS 320 million, of which 59 orders for the purchase of 271,145 units were received within the framework of an advance commitments from the qualified investors ("The Qualified Investors"), as detailed in section 3.4 of the Shelf Offer Report.
The price per unit that was set is the minimum price per unit, in other words, NIS 1,179 per unit (in this sub-section: "the Set Price").
The allocation of the units in the tender was made in accordance with the provisions of Section 2.6 of the Shelf Offer Report, as detailed below:
56 orders from the public for the purchase of 225,865 units (of which 53 were orders from qualified investors for the purchase of 225,745 units), in which a price was denoted that was higher than the Set Price per Unit - were met in full.
6 orders from qualified investors for the purchase of 45,400 units, in which the Set Price per Unit was specified - were met in full.
In light of the aforesaid, the Company will issue NIS 271.265 million par value of bonds (Series I) and 4,068,975 option warrants (Series 14), registered nominally, to the public.
The overall gross immediate consideration that was received by the Company in respect of the issue amounts to approximately NIS 320 million. In addition, if and insofar as the option warrants (Series 14) are exercised into bonds (Series I), the Company will receive an additional gross amount of NIS 419 million by February 20, 2017.Yours sincerely
Alony Hetz Properties & Investments Ltd. By: Nathan Hetz, Chief Executive Officer Oren Frenkel, Chief Financial Officer
Alony-Hetz Properties & Investments Ltd. published this content on 05 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 September 2016 07:50:06 UTC.
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