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Kamada Ltd. — Capital/Financing Update 2013
Oct 29, 2013
6874_rns_2013-10-29_8026fa74-7249-4814-b1bf-c4610889f4f4.pdf
Capital/Financing Update
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Disclosure for debenture holders as of September 30, 2013
1. Summary of Financial Undertakings (according to repayment dates) as of Sep 30, 2013
Israeli Securities Law Regulations (Periodic and Immediate Reports) 38e
a. Convertible debentures issued to the public by the Company and held by the public and other loan.
| Principalpayments | Grossinterestpayments(withoutdeductionof tax) | Total | |
|---|---|---|---|
| ILS | |||
| Firstyear* | 19,984,553 | 6,236,158 | 26,220,711 |
| Secondyear | 39,945,701 | 3,668,294 | 43,613,995 |
| Thirdyear | 39,945,701 | 733,659 | 40,679,360 |
| Fourthyear | |||
| Fifthyear and on | |||
| Total | 99,875,955 | 8,909,886 | 110,514,066 |
b. Bank guarantees as of September 30, 2013, totaling $186 thousand
- *The payments include 12 thousand for loan from others.
2. Details with Regard to Company Debentures
Israeli Securities Law Regulations (Periodic and Immediate Reports) 10(b)13 and 48c(12)
| Issue Date | Par valueatissuance(US Dollar) | Accumulatedinterest (USDollar) | Book value(US Dollar) asofSeptember30, 2013 | MarketValue (USDollar) as ofSeptember30, 2013 | Interest paymentdates | Principalpaymentschedule | Type ofinterest | Converted toanothersecurity |
|---|---|---|---|---|---|---|---|---|
| 10/18/2009 | 27,639,580 | 171,406 | 26,307,730 | 41,334,745 | Quarterly payments onthe outstanding debt, onDecember 1st, 2009 andon March 1st, June 1st,September 1standDecember 1stof each ofthe years 2010 to 2015. | Threeinstallments: Firstinstallment of20% onDecember 1,2013 and twoequalinstallments of40% each onDecember 1,2014 andDecember 1,2015. | Bears annualinterest at avariablerate, plusannualmargin of6.1% abovethe annualinterest ratefor IsraeliGovernmentDebentures(Series 817)for eachinterestperiod. | 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 Sevti, Vice President Telephone No.: 972-3-6374355, Fax No.: 972-3-6374344, e-mail [email protected]
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) maybe convertible into one ordinary share of NIS 1 parvalue of the company. | Debentures may be converted each trading day fromregistration of the Debentures until November 15th,2015 except during November 16thto December 1stof each of the year 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.