EX-99.3 4 exhibit_99-3.htm EXHIBIT 99.3 exhibit_99-3.htm
Exhibit 99.3
 
Disclosure for debenture holders as of September 30, 2015

 
1.
Summary of Financial Undertakings (according to repayment dates) as of September 30, 2015

Israeli Securities Law Regulations (Periodic and Immediate Reports) 9d

a.
Convertible debentures issued to the public by the Company and held by the public.

 
Principal
payments
Gross interest payments
(without deduction of tax)
Total
    ILS
one year
30,246,082
468,040
30,714,122
Total
30,246,082
468,040
30,714,122
 
b.
Bank guarantees as of September 30, 2015, totaling US $174 thousand

 
 
 
 
 
2.
Details with Regard to Company Debentures

Israeli Securities Law Regulations (Periodic and Immediate Reports) 10(b)13 and 48c(12)
 
Issue Date
Par value at issuance (US Dollar)
Accumulated interest (US Dollar)
Book value (US Dollar) as of  September 30, 2015
Market Value (US Dollar) as of September  30, 2015
 Interest payment dates
Principal payment schedule
Type of interest
Converted to another security
10/18/2009
26,532,237
 
39,769
 
 
7,710,087
 
7,748,407
Quarterly payments on   the outstanding debt, on March 1st, June 1st, September 1st and December 1st of 2015.
one installment on December 1, 2015.
Bears annual interest at a variable rate, plus annual margin of 6.1% above the annual interest rate for Israeli Government Debentures (Series 817) for each interest period.
Yes
 
 
3.
Details with Regard to the Trustee

MISHMERET TRUST COMPANY LTD, No. Corporate 51-377133-7, Address: 46-48 Menachem Begin, Tel Aviv, Israel
Contact information: Rami Sebty, Vice President, Telephone No.: 972-3-6374355, Fax No.: 972-3-6374344, e-mail: ramis@bdo.co.il

 
 
 
 
 
4.
Conversion of convertible debentures

Security Details
Conversion ratio
Major Conversion Details
Ordinary shares of NIS 1 par value
From December 2nd, 2012 to November 15th, 2015, each NIS 37.12 par value debentures (Series C) may be convertible into one ordinary share of NIS 1 par value of the Company.
Debentures may be converted each trading day from registration of the Debentures until November 15th, 2015 except during November 16th to December 1st of each of the years 2013 and 2014.

 
5.
At the end of the reporting period and during such reporting period the Company has complied with all the conditions and obligations under the trust deed.