SHAPIR ENGINEERING AND INDUSTRY LTD
(the "Company")
July 31, 2025
To:
Israel Securities Authority Via the MAGNA system
Tel Aviv Stock Exchange Ltd. Via the MAGNA system
Dear Sir/Madam,
Re: Results of Offering According to Shelf Offering Report Dated July 30, 2025
Pursuant to the provisions of Section 30 of the Securities Law, 1968, and the provisions of the Securities Regulations (Notice of Results of the Prospectus Offering), 1969, the Company hereby announces the results of the offering of debentures (Series 4) (hereinafter: the "Debentures"), according to the Company's shelf offering report dated July 30, 2025 (Reference No.: 2025-01-056788) (hereinafter: the "Shelf Offering Report"), under the Company's shelf prospectus dated May 30, 2025, as published on May 29, 2025 (Reference No.: 2025-01-038988).
- According to the Shelf Offering Report, the Company offered the public securities as follows:
1.1 Up to NIS 355,556,000 par value of Debentures (Series 4, registered) (hereinafter: "Offered Series D Quantity"), by way of a tender on the interest rate to be borne by the Debentures (Series 4) (hereinafter: the "Interest Rate" and the "Tender", respectively), which were offered to the public by way of a uniform offering according to the Securities Regulations (Manner of Offering Securities to the Public), 2007 (hereinafter: the "Public Offering Regulations"), in 355,556 units (hereinafter: "Unit D"), where the composition and minimum price of each unit are as follows:
Quantity
of
Securities |
Price |
NIS
1,000
par
value
Debentures
(Series
4) |
NIS
1,000 |
Total
price
per
one
Unit
D |
NIS
1,000 |
-
The list of bids to purchase the units offered to the public within the above tenders was opened on Thursday, July 31, 2025 at 10:00 and closed on the same day at 16:00.
-
Below are the results of the public offering according to the Shelf Offering Report:
-
3.1 The tender regarding the Debentures (Series 4):
- 3.1.1 Within the tender, 56 orders were received for the purchase of 300,880 units for a total amount of approximately NIS 300.9 million, of which 52 orders for the purchase of 300,000 units were received based on early commitments from classified investors, as detailed in Section 5.1 of the Shelf Offering Report, and 4 additional orders for the purchase of 880 additional units were received from the public.
- 3.1.2 According to Section 1.1.1 of the Shelf Offering Report, the maximum amount of Series D Debentures to be issued is NIS 300,000,000 par value Debentures (Series 4) (hereinafter: the "Maximum Issued Series D Debentures"), and therefore the amount of surplus Series D Debentures (as defined in the Shelf Offering Report), which was not allocated, is 880 units, and the allocation rate (which is the ratio between the Maximum Issued Series D Debentures and the Offered Series D Quantity) for all bidders was approximately 99.7% (hereinafter: the "Series D Allocation Rate").
- 3.1.3 The interest rate determined in the tender is 5.22% (hereinafter: the "Closing Interest Rate"). Accordingly, the semi-annual interest rate is 2.61%. The interest rate for the first interest period, i.e., for the period beginning on August 4, 2025, and ending on April 3, 2026, calculated on a 365-day year basis according to the number of days in the said period, is 3.47523%.
- 3.1.4 According to the terms of the Shelf Offering Report, 300,000 units were allocated at a total par value of NIS 300,000,000, as follows:
- 3.1.4.1 48 orders from classified investors for the purchase of 276,088 units, in which a lower interest rate than the closing interest rate was specified, were partially accepted, so that 275,281 units were allocated.
- 3.1.4.2 One order from the public for the purchase of 220 units, in which a lower interest rate than the closing interest rate was specified, was partially accepted, so that 219 units were allocated.
- 3.1.4.3 4 orders from classified investors for the purchase of 23,912 units, in which the closing interest rate was specified, were partially accepted, so that 23,842 units were allocated.
- 3.1.4.4 3 orders from the public for the purchase of 660 units, in which the closing interest rate was specified, were partially accepted, so that 658 units were allocated.
- 3.1.5 In light of the above, the Company will issue NIS 300,000,000 par value Debentures (Series 4).
- 3.1.6 The Debentures (Series 4) are being issued for the first time, at their par value, without discount.
-
The immediate gross proceeds to be received by the Company in the tender for the Debentures (Series 4) offered according to the Shelf Offering Report amount to NIS 300,000,000.
-
The offering of Debentures (Series 4) according to the Shelf Offering Report was not underwritten.
The Company thanks the investing public for its response to the offer according to the Shelf Offering Report.
Sincerely,
SHAPIR ENGINEERING AND INDUSTRY LTD
Signed by: Adv. Amir Shaked, Chief Legal Counsel and Company Secretary.