KRED

Friday, April 21, 2017

Delek Group Ltd.’s Offer to acquire Ithaca Energy Inc. common shares extended for mandatory extension period to May 3, 2017

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TEL AVIV, ISRAEL–(Marketwired – April 21, 2017) – Delek Group Ltd. (“Delek“), and its wholly-owned subsidiary, DKL Investments Limited (the “Offeror“), today announced that the offer to acquire all of the issued and to be issued common shares (“Common Shares“) of Ithaca Energy Inc. (“Ithaca“) not currently owned by the Offeror or any of its affiliates for C$1.95 per Common Share (the “Offer“) has been accepted by holders of Common Shares representing approximately 70.25% of the total number of Common Shares outstanding, excluding those beneficially owned, or over which control or direction is exercised, by the Offeror and its affiliates and associates and any person acting jointly or in concert with the Offeror. As such, the minimum tender requirement under applicable Canadian securities laws has been satisfied and all other conditions to the Offer have been satisfied.

April 21, 2017 at 04:31PM

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