DealsMay 28, 2026, 06:08 AM
Kenon Holdings Enters Collar Transaction for 2% of OPC Energy Shares
AI Summary
Kenon Holdings Ltd. announced a collar transaction involving 6,000,000 ordinary shares of OPC Energy Ltd., representing approximately 2% of OPC's outstanding shares. This transaction, which has a 3-year term and a reference price of NIS 124, is designed to enhance Kenon's financial flexibility by preserving upside potential while limiting downside risk. Kenon will not pay any premium or fee and can elect cash or share settlement at maturity.
Key Highlights
- Kenon Holdings entered a collar transaction for 6,000,000 OPC Energy shares.
- These shares represent approximately 2% of OPC's outstanding shares.
- Prior to the transaction, Kenon held about 142,000,000 OPC shares (46%).
- The collar transaction has a 3-year term and a reference price of NIS 124.
- It involves buying a put option and selling a call option with a higher strike price.
- Kenon will transfer the shares as collateral and can elect cash or share settlement.
- The transaction provides potential liquidity and financial flexibility.
Price Impact
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