0001193125-16-440715.txt : 20160128 0001193125-16-440715.hdr.sgml : 20160128 20160128075055 ACCESSION NUMBER: 0001193125-16-440715 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160128 FILED AS OF DATE: 20160128 DATE AS OF CHANGE: 20160128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kenon Holdings Ltd. CENTRAL INDEX KEY: 0001611005 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 000000000 STATE OF INCORPORATION: U0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36761 FILM NUMBER: 161366643 BUSINESS ADDRESS: STREET 1: 1 TEMASEK AVENUE #36-01 STREET 2: MILLENIA TOWER CITY: SINGAPORE STATE: U0 ZIP: 039192 BUSINESS PHONE: 65 6531 1780 MAIL ADDRESS: STREET 1: 1 TEMASEK AVENUE #36-01 STREET 2: MILLENIA TOWER CITY: SINGAPORE STATE: U0 ZIP: 039192 6-K 1 d129362d6k.htm FORM 6-K Form 6-K

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF A FOREIGN ISSUER

PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

January 28, 2016

Commission File Number 001-36761

 

 

Kenon Holdings Ltd.

 

 

1 Temasek Avenue #36-01

Millenia Tower

Singapore 039192

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  x            Form 40-F  ¨

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes  ¨            No   x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

EXHIBIT 99.1 TO THIS REPORT ON FORM 6-K IS INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF KENON HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION STATEMENT.

 

 

 


Exhibits

99.1    Press Release, dated January 28, 2016: IC Power Completes Acquisition of Energuate, a Private Electricity Distribution Business in Guatemala


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

    KENON HOLDINGS LTD.
Date: January 28, 2016     By:  

/s/ Yoav Doppelt

    Name:   Yoav Doppelt
    Title:   Chief Executive Officer
EX-99.1 2 d129362dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

 

LOGO

For Immediate Release

IC Power Completes Acquisition of Energuate, a Private Electricity Distribution Business in Guatemala

January 28, 2016. Kenon Holdings Ltd. (NYSE: KEN; TASE: KEN) (“Kenon”) announces that its wholly-owned subsidiary I.C. Power Ltd. (“IC Power”) has completed its previously-announced acquisition of 100% of the holding company which indirectly owns 90.6% and 92.7% of two electricity distribution companies in Guatemala and 100% of two smaller, related businesses (the four acquired businesses are collectively referred to as “Energuate”), for a total consideration of $265 million, using a combination of cash on hand and a $120 million loan facility, which IC Power entered into in December 2015.

Energuate’s two electricity distribution companies provide services for approximately 1.6 million households in Guatemala (representing approximately 60% of Guatemala’s distribution clients) and distributes energy across an approximately 100,000 km2 area in Guatemala.

For the year ended December 31, 2015, Energuate’s revenues are estimated to be in the range of $550 million to $580 million and its EBITDA (earnings before interest, taxes, depreciation and amortization) is estimated to be in the range of $105 million to $115 million. These figures are based upon preliminary unaudited financial information of the Energuate businesses. Energuate’s total financial debt and cash on hand as of January 22, 2016 are estimated to be approximately $289 million and $68 million, respectively. IC Power is preparing financial statements of the Energuate companies in accordance with International Financial Reporting Standards (“IFRS”) and will publish such financials when an audit of those figures is complete. The audited figures under IFRS may differ from the figures presented herein.1

Cautionary Statement Concerning Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include estimates of revenues, EBITDA, total financial debt and cash on hand of the Energuate businesses, IC Power’s plan to publish financials of Energuate in accordance with IFRS and potential differences between the audited figures under IFRS that will be published and the preliminary figures presented herein. These statements are based on current expectations or beliefs, and are subject to a number of risks and uncertainties, which could cause future events to differ materially from those indicated in such forward-looking statements. Such risks include risks associated with acquiring a company (including integration risks and risks of unanticipated liabilities), risks related to the preparation and audit of Energuate’s financial statements, and other risks and factors, including those set forth under the heading “Risk Factors” in Kenon’s Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission. Except as required by law, IC Power and Kenon undertake no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.

 

 

1  The financial information presented herein reflects preliminary estimated figures derived from preliminary unaudited financial information of the Energuate businesses which has not been prepared on a consolidated basis under IFRS. Additionally, the Energuate companies present their financial statements in Guatemalan Quetzales. The U.S. Dollar amounts presented herein have been estimated using the average USD: Guatemalan Quetzales exchange rate in 2015 for revenues and EBITDA and the exchange rate in effect on January 22, 2016 for total financial debt and cash on hand.


About Kenon

Kenon is a holding company that operates dynamic, primarily growth-oriented businesses. The companies it owns, in whole or in part, are at various stages of development, ranging from established, cash-generating businesses to early stage development companies. Kenon’s businesses consist of:

 

    IC Power (100% interest) – a leading owner, developer and operator of power generation facilities in the Latin American, Caribbean and Israeli power generation markets;

 

    Qoros Automotive Co., Ltd. (50% interest) – a China-based automotive company;

 

    ZIM Integrated Shipping Services, Ltd. (32% interest) – an international shipping company; and

 

    Primus Green Energy, Inc. (91% interest) – an early stage developer of alternative fuel technology.

Kenon’s primary focus is to grow and develop its primary businesses, IC Power and Qoros. Following the growth and development of its primary businesses, Kenon intends to provide its shareholders with direct access to these businesses, when we believe it is in the best interests of its shareholders for it to do so based on factors specific to each business, market conditions and other relevant information. Kenon intends to support the development of its non-primary businesses, and to act to realize their value for its shareholders by distributing its interests in its non-primary businesses to its shareholders or selling its interests in its non-primary businesses, rationally and expeditiously. For further information on Kenon’s businesses and strategy, see Kenon’s publicly available filings, which can be found on the SEC’s website at www.sec.gov.

Please also see http://www.kenon-holdings.com for additional information.

Contact Info

Kenon Holdings Ltd.

 

Barak Cohen

VP Business Development and IR

barakc@kenon-holdings.com

Tel: +65 6351 1780

 

Karen Koh

Director, Investor Relations and BD

karenk@kenon-holdings.com

Tel: +65 6351 1794

External Investor Relations

Ehud Helft / Kenny Green

GK Investor Relations

kenon@gkir.com

Tel: +1 646 201 9246

 
GRAPHIC 3 g129362imgggg.jpg GRAPHIC begin 644 g129362imgggg.jpg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