SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
February 27, 2020
Commission File Number 001-36761
Kenon Holdings Ltd.
1 Temasek Avenue #36-01
Millenia Tower
Singapore 039192
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.
Yes ☐ No ☒
If ‘‘Yes’’ is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
EXHIBITS 99.1 AND 99.2 TO THIS REPORT ON FORM 6-K ARE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM S-8 (FILE NO. 333-201716) OF KENON HOLDINGS LTD. AND IN THE PROSPECTUSES RELATING TO SUCH REGISTRATION
STATEMENT.
CONTENTS
Annual Report of OPC Energy Ltd. for the Year Ended December 31, 2019
On February 27, 2020, Kenon Holdings Ltd.’s subsidiary OPC Energy Ltd. (“OPC”) reported to the Israeli Securities Authority and the Tel Aviv Stock Exchange its
annual report (in Hebrew) for the year ended December 31, 2019 (“OPC’s Annual Report”). English convenience translations of the (i) Report of the Board of Directors for the Year Ended December 31, 2019 and (ii)
Consolidated Financial Statements at December 31, 2019, each as published in OPC’s Annual Report, are furnished as Exhibits 99.1 and 99.2, respectively, to this Report on Form 6-K. In the event of a discrepancy between the Hebrew and English
versions, the Hebrew version shall prevail.
Forward Looking Statements
This Report on Form 6-K, including the exhibits hereto, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These
statements include statements with respect to OPC’s business strategy and OPC’s plans with respect to the Tzomet and OPC-Hadera projects, including expected COD dates, the expected impact of delays, including expected insurance reimbursement for
delays and expected impact on total costs for the OPC-Hadera project, OPC’s plans and expectations regarding regulatory clearances and approvals for its projects, and the technologies intended to be used thereto, statements with respect to the
intended benefits of the amendments to OPC’s gas supply agreements, expected debt repayment amounts and sources of payment, the Electricity Authority ("EA") tariffs and their expected effects on OPC, including announced changes effective for 2020,
expected timing and impact of planned maintenance to be performed at OPC-Rotem in 2020, statements relating to agreements with customers in connection with tender for capacity of 65 MW, the expected commercial operation date of Energean’s Karish
reservoir, the expected interpretation and impact of regulations on OPC and its subsidiaries, OPC's adoption of certain accounting standards and the expected effects of those standards on OPC’s results, statements relating to potential expansion
activities by OPC outside of Israel, and statements with respect to stock option plans. These statements are based on OPC Energy Ltd. management’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. These
forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Kenon’s and OPC 's control, which could cause the actual results to differ materially from those indicated in such forward-looking statements.
Such risks include the risk that OPC may fail to obtain regulatory or other approvals for its projects or meet the required conditions and milestones for continuation of its projects, OPC may fail to develop or complete its projects or any other
planned transactions, including dispositions or acquisitions, as planned or at all, OPC may become subject to new regulations or existing regulations may have different interpretations or impacts than expected, the accounting standards may have a
material effect on OPC's results, there may be changes to the EA tariffs with different effects on OPC's results, and other risks and factors, including those risks set forth under the heading “Risk Factors” in Kenon’s Annual Report on Form 20-F
filed with the SEC and other filings. Except as required by law, Kenon undertakes no obligation to update these forward-looking statements, whether as a result of new information, future events, or otherwise.
Exhibits
*English convenience translation from Hebrew original document.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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KENON HOLDINGS LTD.
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Date: February 27, 2020
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By:
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/s/ Robert L. Rosen
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Name:
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Robert L. Rosen
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Title:
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Chief Executive Officer
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