ICL Group Ltd - Annual Report 2020 FORM 20-F

Total Page:16

File Type:pdf, Size:1020Kb

ICL Group Ltd - Annual Report 2020 FORM 20-F This is an English convenience translation of the original Hebrew version. In case of any discrepancy, the binding version is the Hebrew original Israel Corporation Ltd. Form 121 Registrar Number: 520028010 Public Date of Transmission: March 2, 2021 Reference: 2021-01-024999 To: To: The Securities Authority The Tel Aviv Stock Exchange www.isa.gov.il www.tase.co.il Immediate Report The Event: ICL - Annual Report 2020 FORM 20-F Attached is an immediate report of ICL Group Ltd - Annual Report 2020 FORM 20-F. The Company is not a shell company as defined in the Stock Exchange Regulations The date when the event first became known to the corporation: March 2, 2021 Time: 09:15 Name of report authorized signatory and name of authorized signatory electronic signatory: Maya Alcheh-Kaplan Position: Vice President, General Counsel and Company's Secretary Signing Date: March 2, 2021 Name of Electronic Reporter: Maya Alcheh-Kaplan. Position: Vice President, General Counsel and Company's Secretary. Address: Aranha 23, Millennium Tower. Tel Aviv 61204. Phone – 03-6844517 Fax: 03-6844587. E-mail: [email protected]. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report _____________________ For the transition period from _________________ to _________________. Commission File Number: 001-13742 ICL GROUP LTD. (Exact name of Registrant as specified in its charter) N/A (Translation of Registrant’s name into English) Israel (Jurisdiction of incorporation or organization) Millennium Tower, 23 Aranha Street, P.O. Box 20245 Tel Aviv, 61202 Israel (Address of principal executive offices) Lilach Geva Harel, Adv. EVP, Global General Counsel Millennium Tower, 23 Aranha St. Tel-Aviv 6120201 Israel Tel: +972 (3) 6844440 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, par value NIS 1.00 per share ICL The New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. The number of outstanding shares as of December 31, 2020 was: Title of Class Number of Shares Outstanding Ordinary shares [1,280,550,942] Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ☐ No ☒ Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ⌧ No ☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ☒ Yes ☐ No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: Large Accelerated Filer ☒ Accelerated Filer ☐ Non-accelerated Filer ☐ Emerging Growth Company ☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐ † The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒ Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: ☐ U.S. GAAP ☒ International Financial Reporting Standards as issued by the International Accounting Standards Board ☐ Other If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the Registrant has elected to follow. ☐ Item 17 ☐ Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒ TABLE OF CONTENTS PART I Page Special Note Regarding Forward-Looking Statements Introduction Glossary of Selected Terms Item 1. Identity of Directors, Senior Management and Advisers 1 Item 2. Offer Statistics and Expected Timetable 1 Item 3. Key Information 1 Item 4. Information on the Company 37 Item 4A. Unresolved Staff Comments 130 Item 5. Operating and Financial Review and Prospects 131 Item 6. Directors, Senior Management and Employees 166 Item 7. Major Shareholders and Related Party Transactions 187 Item 8. Financial Information 196 Item 9. The Offer and Listing 200 Item 10. Additional Information 200 Item 11. Quantitative and Qualitative Disclosures About Market Risk 210 Item 12. Description of Securities Other than Equity Securities 219 PART II Item 13. Defaults, Dividend Arrangements and Delinquencies 219 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 219 Item 15. Controls and Procedures 220 Item 16A. Audit and Accounting Committee Financial Expert 221 Item 16B. Code of Ethics 221 Item 16C. Principal Accountant Fees and Services 222 Item 16D. Exemptions from the Listing Standards for Audit Committees 222 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 222 Item 16F. Change in Registrant’s Certifying Accountant 223 Item 16G. Corporate Governance 223 Item16H. Mine Safety Disclosure 225 Item 17. Financial Statements 225 Item 18. Financial Statements 225 Item 19. Exhibits 225 FS-1 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report contains statements that constitute “forward-looking statements,” many of which can be identified by the use of forward-looking words such as “anticipate,” “believe,” “could,” “expect,” “should,” “plan,” “intend,” “estimate”, "strive", "forecast", "targets" and “potential,” among others. Forward-looking statements appear in a number of places in this Annual Report and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks and uncertainties, and the actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including, but not limited to, those identified in “Item 3 - Key Information— D. Risk Factors” in this Annual Report. These risks and uncertainties include factors relating to: Loss or impairment of business licenses or mineral extractions permits or concessions; volatility of supply and demand and the impact of competition; the difference between actual reserves and our reserve estimates; natural disasters; failure to "harvest" salt which could lead to accumulation of salt at the bottom of the evaporation Pond 5 in the Dead Sea; construction of a new pumping station; disruptions at our seaport shipping facilities or regulatory restrictions affecting our ability to export our products overseas; general market, political or economic conditions in the countries in which we operate; price increases or shortages with respect to our principal raw materials; delays in the completion of major projects by third party contractors and/or termination of engagements with contractors and/or governmental obligations; the inflow of significant amounts of water into the Dead Sea could adversely affect production at our plants; labor disputes, slowdowns and strikes involving our
Recommended publications
  • PAZ OIL COMPANY LTD. 2015 Annual Report
    PMdesigners LTD. OIL COMPANY PAZ 2015 Annual Report .... PAZ OIL COMPANY PAZ OIL COMPANY LTD. Euro Park, Holland Building 2015 Annual Report Yakum 6097200, Israel www.paz.co.il WorldReginfo - b1d0d604-1d01-4a24-939b-ab2b538ff8c0 PAZ OIL COMPANY LTD. 2015 Annual Report WorldReginfo - b1d0d604-1d01-4a24-939b-ab2b538ff8c0 Disclaimer This document is a convenience translation from the Hebrew original of the separate financial data dated December 31, 2015 (the "Statements") issued by Paz Oil Company Ltd. (the "Company"). Only the Hebrew original of the Statements is legally binding. No reliance may by placed for any purpose whatsoever on the completeness, accuracy or fairness of information contained in this document. No warranty or representation, express or implied, is made or given by or on behalf of the Company or any of its directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information contained in this document and no responsibility or liability is accepted by any person for such information. WorldReginfo - b1d0d604-1d01-4a24-939b-ab2b538ff8c0 PAZ OIL COMPANY LTD. Table of Contents A. Description of the Company’s Business B. Report of the Board of Directors on the State of Affairs of the Corporation C. Consolidated Financial Statements D. Additional Details about the Company E. Separate Financial Data as of December 31, 2015 WorldReginfo - b1d0d604-1d01-4a24-939b-ab2b538ff8c0 A. Description of the Company’s Business WorldReginfo - b1d0d604-1d01-4a24-939b-ab2b538ff8c0 Chapter A - Description of the Company's Business Description of the Company's Business – Contents Part 1: Description of the General Development of the Company's Business ............................................................
    [Show full text]
  • Strauss Group Sustainability Report 2020
    Strauss Group Sustainability Report 2020 GRI Content Index 1 STRAUSS GROUP 2020 SUSTAINABILITY REPORT - GRI CONTENT INDEX This is Strauss Group’s 13th sustainability report. It describes the impact of the Group’s business, social and environmental activities on its stakeholders in 2020. This report was prepared in accordance with standards of the Global Reporting Initiative (GRI): Core Option. Furthermore, the report represents the Group’s annual report to the Global Compact project of the United Nations, which it has been a member of since 2008. The information in the report refers to the 2020 calendar year. Our previous full sustainability report was published in 2020 and referred to 2019. We intend to continue to publish our sustainability report on an annual basis. In this report, we kept to the same essential framework from 2014. Based on strategic work that was carried out in 2019 and on internal verification, we found that this framework is still relevant today. The parameters of this report are unchanged – the report deals with all the companies in Strauss Group that are under our operational control, including joint ventures that are reported as full entities. No substantial retroactive amendments were made to data that was presented in previous reports. Minor adjustments that were made are indicated alongside the data as they are shown. This summary, as well as the 2020 Sustainability Report are not part of Strauss Group’s financial, immediate or periodic statements. In the event of a discrepancy between what is stated in this report and the aforementioned reports, the wording of the financial statements is the binding one.
    [Show full text]
  • $6.2Bn $1.5Bn $297Mn 1.14Mmt +11% +2%
    FY 2019 IFRS Results Strong financial performance despite global fertilizer markets fluctuations Sales EBITDA FCF Potash produced $6.2BN $1.5BN $297MN 1.14MMT +11% +2% EuroChem Group AG Baarerstrasse 37, 6300 Zug Switzerland T +41 (0)41 727 1600 F +41 (0)41 727 7606 eurochemgroup.com EuroChem Group AG Baarerstrasse 37, 6300 Zug Switzerland T +41 (0)41 727 1600 F +41 (0)41 727 7606 eurochemgroup.com Highlights: Sales 11% up in 2019 y-o-y with a 7% increase in volumes EBITDA 2% up on the back of softened prices for major fertilizers Free cash flow (FCF) positive in 2019, landing at US$297 million Potash sales reached 1,104 KMT and constituted 9% of fertilizer revenues Key Indicators 2019 2018 Change, y-o-y Sales, US$ mn 6,184 5,577 11% Sales, KMT 23,624 21,978 7% EBITDA, US$ mn 1,547 1,517 2% EBITDA margin, % 25% 27% -2 pp Net Income, US$ mn 1,018 538 89% Cash flow from operations, US$ mn 1,190 982 21% CAPEX, US$ mn 950 1,111 -15% Free cash flow, US$ mn 297 -94 n/a Leverage 2019 1H 2019 2018 Net Covenant Debt, US$ mn 4,201 3,417 3,455 Net Covenant Debt/Covenant LTM EBITDA* 2.82x 2.09x 2.29x * Including net income from associates and joint ventures Zug, Switzerland, February 5, 2020 – EuroChem Group AG (hereinafter “EuroChem” or the “Group”), a leading global fertilizer company, today reported consolidated annual sales of US$6.2 billion for 2019, 11% higher than a year ago, as a result of a 7% increase in sales volumes and a more favorable price environment in the first six months.
    [Show full text]
  • Bluestar Israel Quarterly Update Q3 2013 Final.Pptx
    BlueStar Israel Equity Update Third Quarter 2013 Q2 2013 in Review & Second Half 2013 Outlook What’s Inside Ø Global developed market equities pulled back slightly in Q2 2013 while U.S. stocks, as measured by the S&P 500 index, bucked the trend and posted a rise of 2.91%. Ø The BlueStar Israel Global Index was down by 95 bps in Q2 2013 while the MSCI Israel and TA-100 indexes were down 4.16% and 2.76%, respectively. 1. The BlueStar Ø Israeli consumer stocks, which are correlated with both domestic consumption as well as consumer spending in Israel’s export markets, lead Israeli Global Equities in Q2, while the Israel Global financial and energy stocks, which lead the Israeli Global Equity market’s rebound from the Index in Q1 2012 lows, consolidated. 2013 Ø The Israeli government decided on a 2013 and 2014 budget that will result in tax increases and spending cuts and the Shekel’s sharp appreciation versus the dollar and euro eased a bit. 2-5. About the Ø Mellanox Technologies announced it will delist its shares from the Tel Aviv Stock Exchange and the TASE’s bid to be included in MSCI’s European regional indexes was declined. Both BlueStar Israel events sparked concern about the future of the local exchange. Also, Israeli corporate Global Index pyramids come under attack by The Committee on Increasing Competitiveness in the Economy and the Business Concentration Law. (including Risk/ Ø The Energy sector is asserting itself as a major player in the Israeli economy, natural gas Return Data) reserve estimates and oil estimates are rising, and the government has decided upon an export strategy, clearing up uncertainty and removing some of the risk factors associated with investing in that sector.
    [Show full text]
  • Strauss Group United Nations Global Compact Communication on Progress 2017
    Strauss Group United Nations Global Compact Communication on Progress 2017 www.strauss-group.com Strauss Group – Communication on Progress 2017 2 Contents CEO Commitment .............................................................................................................. 3 About Strauss Group ........................................................................................................ 4 Our sustainability approach and strategy ....................................................................... 5 Advancing health and nutrition ........................................................................................ 7 Advancing the 10 Principles ............................................................................................. 8 Protecting human rights ........................................................................................................... 8 Upholding labor rights .............................................................................................................. 9 Environmental stewardship ................................................................................................... 10 Eliminating corruption ............................................................................................................ 10 About this Communication on Progress ....................................................................... 11 Strauss Group – Communication on Progress 2017 3 CEO Commitment On behalf of Strauss Group, I confirm our continuing participation in the UN Global
    [Show full text]
  • Introducing Eurochem
    Introducing EuroChem Bank of America Merrill Lynch Fertilizer Forum London, January 26, 2011 2 Disclaimer This presentation has been prepared by OJSC MHK EuroChem (“EuroChem” or the “Company”) for informational purposes, and may include forward- looking statements or projections. These forward-looking statements or projections include matters that are not historical facts or statements and reflect the Company’s intentions, beliefs or current expectations concerning, among other things, the Company’s results of operations, financial condition, liquidity, performance, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward-looking statements and projections involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The Company cautions you that forward-looking statements and projections are not guarantees of future performance and that the actual results of operations, financial condition and liquidity of the Company and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements or projections contained in this presentation. Factors that could cause the actual results to differ materially fromthose contained in forward-looking statements or projections in this presentation may include, among other things, general economic conditions in the markets in which the Company operates, the competitive environment in, and risks associated with operating in, such markets, market change in the fertilizer and related industries, as well as many other risks affecting the Company and its operations. In addition, even if the Company’s results of operations, financial condition and liquidity and the development of the industry in which the Company operates are consistent with the forward-looking statements or projections contained in this presentation, those results or developments may not be indicative of results or developments in future periods.
    [Show full text]
  • AFPM 2014 Annual Report
    PROSPERITY FUELING AMERICAN FUEL & PETROCHEMICAL MANUFACTURERS 2014 ANNUAL REPORT AMERICAN ENERGY POLICY AT A CROSSROADS A MESSAGE FROM THE CHAIRMAN OF THE BOARD AND THE PRESIDENT OF AFPM Last year, the United States became the Today, American energy policy is at a For the refining and petrochemical world’s top producer of oil and natural gas, crossroads. The issues at stake and manufacturing industries, 2014 will prove a position that no one would have predicted the policy decisions to be made have to be a pivotal year. As a country, we face just five years ago. As a result, American never been more important. A surge crucial choices as we endeavor to maintain fuel and petrochemical manufacturers in regulations, coupled with a basic access to affordable, reliable and secure now have the opportunity and the ability to misunderstanding of the fossil fuel industry, energy sources. transform the nation’s economic outlook. hampers the ability to establish sound policies and regulations that will enable us Working on behalf of and in concert with Embracing the strong global demand to continue the progress we’ve made toward our members, AFPM will continue to: for high-quality, affordable refined renewed economic growth. petroleum and petrochemical products, • Advocate for a regulatory environment AFPM companies are putting economics Fossil fuels have been an essential part that is straightforward and effective. and infrastructure to work. Refiners are of our daily lives for so long that their true meeting America’s fuel needs, maintaining impact can easily be taken for granted. • Educate policymakers and the public a strategic inventory and becoming a key But make no mistake – they don’t just to ensure the benefits of fossil fuels are exporter.
    [Show full text]
  • A Description and Analysis of the Implementation of the Concentration Law and Its Economic
    A Description and Analysis of the Implementation of the Concentration Law and Its Economic Impact on the Israeli Economy Written by: Noam Botosh, Economist | Approved by: Ami Tzadik, Head of the Budgetary Control Department Date: February 25rd 2020 Economic Review www.knesset.gov.il/mmm Knesset Research and Information Center 1 | A Description and Analysis of the Implementation of the Concentration Law and Its Economic Impact on the Israeli Economy Summary This review was written at the request of MK Ofer Shelah, and it addresses the implementation of the Law for Promotion of Competition and Reduction of Concentration, 5774-2013 (herein, "the Concentration Law" or "the Law") and provides a preliminary analysis of the Law's impact on the Israeli economy. A Bank of Israel study from 2009 about business groups showed that, compared to other developed countries, the level of concentration in Israel is high, as reflected in the number of existing business groups, and that these groups possess high levels of financial leverage. The study suggested that this structure of business groups may constitute a risk to Israel's financial stability due to the groups' size and complexity. In October 2010, the Committee on Increasing Competitiveness in the Economy was established in order to examine general market competitiveness in Israel—mainly due to the existence of large business groups— and to recommend possible policy tools to promote market competitiveness. According to the committee's interim report, which was published in October 2011, the ownership structure of public companies in Israel is centralized, and the committee identified a phenomenon of large business groups controlling a large share of real and financial assets.
    [Show full text]
  • FORM 20-F ZIM Integrated Shipping Services Ltd
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number: 001-39937 ZIM Integrated Shipping Services Ltd. (Exact name of Registrant as specified in its charter) State of Israel (Jurisdiction of incorporation or organization) 9 Andrei Sakharov Street P.O. Box 15067 Matam, Haifa 3190500, Israel (Address of principal executive offices) Noam Nativ EVP, General Counsel & Company Secretary 9 Andrei Sakharov Street P.O. Box 15067 Matam, Haifa 3190500, Israel [email protected] +972-4-8652170, +972-4-8652990 (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Ordinary shares, no par value “ZIM” The New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report: 10,000,000 as of December 31, 2020 (115,000,000 as of March 1, 2021) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • $4.4Bn $1.6Bn $1.4Bn 1.25Mmt
    1H 2021 IFRS RESULTS EUROCHEM POSTS RECORD 1H EBITDA OF $1.6BN Sales EBITDA OCF Potash sales S&P rating $4.4BN $1.6BN $ 1.4BN 1.25MMT BBstable +45% +97% +101% +25% +2 Up 1 notch EuroChem Group AG Baarerstrasse 37, 6300 Zug Switzerland T +41 41 727 1600 F +41 41 727 7606 eurochemgroup.com EuroChem posts record 1H EBITDA of $1.6bn Highlights: Sales up 45% year-on-year with cost of sales for EuroChem products flat EBITDA up 97% to record US$1.6 bn on higher output and operational efficiency drive EBITDA margin up 10 percentage points to 38% mainly driven by potash sales increase Potash sales reached 1.25 MMT, 25% up, with gradual output increase at UKK Free cash flow at US$783m, up 131% year-on-year Net leverage ratio decreased to 1.35x compared to 2.53x at the end of 2020 and 2.67x a year ago Key Indicators 1H 2021 1H 2020 Change, y-o-y Sales, US$ mn 4,366 3,006 +45% Sales volumes, KMT 13,437 12,457 +8% EBITDA, US$ mn 1,641 831 +97% EBITDA margin, % 38% 28% +10 pp Cash flow from operations, US$ mn 1,442 716 +101% CAPEX, US$ mn 569 382 +49% Free cash flow, US$ mn 783 339 +131% Leverage 1H 2021 1H 2020 Change, y-o-y Net Covenant Debt, US$ mn 3,332 3,963 -16% Net Covenant Debt/Covenant LTM EBITDA* 1.35x 2.67x -1.32x * Including net income from associates and joint ventures Zug, Switzerland, August 18, 2021 – EuroChem Group AG (hereinafter “EuroChem” or the “Group”), a leading global fertilizer company, today reported consolidated 1H 2021 sales of US$4.4 billion and sales volumes of 13.4 million metric tonnes (MMT), generating company-record EBITDA for the six-month period of US$1.6 billion, in line with the Group’s ambitious growth plans.
    [Show full text]
  • Directions to Biblical Tamar Park
    Directions to Biblical Tamar Park Address Biblical Tamar Park Ir Ovot D. N. Arava 86805 ISRAEL Supervisor’s phone 052-426-0266 Directions to BTP by Train and Bus from Ben Gurion Airport After exiting customs at Ben Gurion International Airport in Tel Aviv, you will be on the ground level. Take a left after you pass through the people waiting to pick up other passengers. (Take a right to exchange some money if you need to do that first. You can also rent cell phones in this area.) After taking the left, follow the signs to the train station. You will take a right at airport exit #3. Go through the doors and down the hallway. Off to your left, you will see the turnstiles for the train. Walk through that opening in the hallway, before the turnstiles, off to your left is the ticket window. Go to the ticket window and ask for a ticket to Beersheva Central. (Note: If the train is not running for some unknown reason, you will have to take the bus instead. Have someone direct you to the bus stop and take the bus to the Central Bus Station, where you can get a ticket to Tamar like you would at Beersheva.) The train ticket price should be around 32 shekels. You have to change trains once, and they may mention this to you when you buy the ticket. Just tell them you know you have to change trains. Then, proceed to the turnstiles just before the stairs or escalator. You need to put your train ticket through a machine to activate the turnstile.
    [Show full text]
  • Israel Chemicals Ltd. Notice of 2020 Annual General Meeting of Shareholders
    ISRAEL CHEMICALS LTD. NOTICE OF 2020 ANNUAL GENERAL MEETING OF SHAREHOLDERS Notice is hereby given that the 2020 Annual General Meeting of Shareholders (the “Meeting”) of Israel Chemicals Ltd. (the “Company”) will be held on Thursday, April 23, 2020, at 10:00 a.m. (Israel time), at the offices of the Company, Millennium Tower, 23 Aranha Street, 22nd Floor, Tel Aviv, Israel, for the following purposes: (1) Election of Yoav Doppelt, Aviad Kaufman, Avisar Paz, Sagi Kabla, Ovadia Eli, Reem Aminoach, Lior Reitblatt and Tzipi Ozer Armon to serve as directors, effective as of the date of the Meeting, until the next annual general meeting of shareholders of the Company or until any of their earlier resignation or removal; (2) Reappointment of Somekh Chaikin, a Member Firm of KPMG International, as the Company’s independent auditor until the next annual general meeting of shareholders of the Company; (3) Approval of the award of equity-based compensation, consisting of restricted shares, to each director (who is not an officer or director of Israel Corporation Ltd.) serving in such capacity immediately following the Meeting, and to each other such director who may be duly appointed subsequent to the Meeting by the Company’s Board of Directors in 2020 (if any); and (4) Approval of an amendment to the Company’s Memorandum of Association and Articles of Association, to facilitate a change in the Company's formal name to "ICL" or to a similar name. At the Meeting, we will also present and discuss our audited financial statements for the year ended December 31, 2019 as previously made available to our shareholders as part of our Annual Report on Form 20-F for the year ended December 31, 2019, filed with the Securities and Exchange Commission (the “SEC”) on March 5, 2020, which may be accessed at www.sec.gov and via the “Investor” section of our Company’s website, www.icl-group.com, and as published on Magna (reference number 2020-02-018772).
    [Show full text]