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Classified in: Mining industry
Subject: LAW

The Israeli Supreme Court Rejects a Shareholder's Appeal Against ICL Regarding Discovery and Perusal of Documents Relating to the Harmonization Project


TEL AVIV, Israel, October 12, 2018 /PRNewswire/ --

ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that Further to "Item 8A. Financial Information - Reports and Other Information - Legal Proceedings" of the Company's annual statement for 2017, with regard to the application for permission to appeal filed with the Supreme Court following a decision rendered by the Tel Aviv District Court in January 2018, to deny a motion for discovery and perusal of documents under Section 198A of the Companies Law, 5759-1999, filed by a shareholder of the Company as part of a preliminary proceeding for the filing of an application for certification of a derivative action relating to the manner of execution and termination of the Harmonization project, the Company hereby reports that on October 11, 2018, the Supreme Court has rejected the application for permission to appeal, and imposed upon the applicant the legal expenses and attorney's fees incurred by the respondent.

About ICL   
ICL is a global specialty minerals and specialty chemicals company that operates three core mineral chains - potash, bromine and phosphates - in a unique, integrated business model. The company extracts raw materials from well-positioned mineral assets, and utilizing sophisticated product formulation technologies, creates products that add value for customers in key agricultural and industrial markets worldwide. ICL's operations are divided into four business segments: Potash; Phosphate Solutions (P2O5 Chain); Industrial Products (bromine value chain and complementary business); and Innovative Ag Solutions.  

ICL shares are dual-listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs over 11,000 people worldwide, and its 2017 revenues totaled $5.4 billion.

For more information, please visit the Company's website at http://www.icl-group.com.

INVESTOR RELATIONS CONTACT   
Limor Gruber
Head of Investor Relations
+972-3-684-4471
[email protected]

PRESS CONTACT
Maya Avishai
Head of Global External Communications
+972-3-684-4477
[email protected]

SOURCE ICL


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