Representation of EL AL in the issuance of options to the public raising NIS 250 million

Adi Zaltzman and Saul Adereth represented El-Al in the issuance of 1.25 billion options to the public on the Tel Aviv Stock Exchange (TASE), Raising NIS 250 million ($77 million).

The options given can be exercised at a price of NIS 0.30 per share, so that full exercise of the options would increase the capital raised by an additional amount of NIS 375 million ($116 million).

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