Oct. 5, 2010 (PR Newswire) --
ROSH HA'AYIN, Israel, October 5, 2010 /PRNewswire-FirstCall/ -- Alon
Holdings Blue Square - Israel Ltd. (NYSE:BSI) (the "Company") announced
today, that with regard to the cash dividend distribution declared by the
Company on June 28, 2010, within the framework of the acquisition of Dor Alon
Energy in Israel (1988) Ltd. shares held by Alon Israel Oil Company Ltd.
(Company's announcements dated May 27, 2010, June 22, 2010, June 28, 2010,
July 21, 2010, September 14, 2010, October 4, 2010) - due to conversion of
debentures and realization of employee stock options, the cash dividend that
is to paid on October 18, 2010 will be in the sum of NIS 12.307167 per
share/ADS (the equivalent of approximately U.S. $3.39 per share/ADS, based on
yesterday's representative rate of exchange).
Following the dividend distribution, the conversion ratio of the
Company's 5.9% convertible debentures issued in August 2003 (outstanding
principal amount of NIS 7,464,541.61 as of October 5, 2010) will be adjusted
on October 6, 2010, due to the dividend described above. Following the
adjustment, each NIS 6.083 par value of the convertible debentures will be
convertible into one ordinary share of the Company.
Alon Holdings Blue Square - Israel Ltd. (hereinafter: "Alon Holdings") is
the largest retail group in the state of Israel. It operates in various
segments: In its Supermarket segment it is a pioneer of modern food retailing
in the region, and through its 100% subsidiary, Mega Retail Ltd., currently
operates 206 supermarkets under different formats, each offering a wide range
of food products, "Near Food" products and "Non-Food" products at varying
levels of service and pricing. Alon Holdings holds 80% of TASE traded Dor
Alon, one of the four largest fuel retail companies in Israel based on the
number of fuel stations and a leader in the convenience store sector, Dor
Alon holds a Chain of 186 fuel stations and 175 convenience stores in various
formats throughout Israel. In its "Non-Food" segment, Alon Holdings, through
its 85% subsidiary Bee Group Retail Ltd., operates specialist outlets in self
operation and franchises and offers a wide range of "Non-Food" products as
retailer and wholesaler. In its Real Estate segment, Alon Holdings, through
its TASE traded 78.35% subsidiary Blue Square Real Estate Ltd., owns, leases
and develops yield generating commercial properties.
This press release contains forward-looking statements within the meaning
of safe harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements may include, but are not limited to,
plans or projections about our business and our future revenues, expenses and
profitability.