Prashkovsky Investments and Construction Ltd. (TASE:PRSK) announced a private placement of 1,100,000 shares at issue price of ILS 61 per share for gross proceeds of ILS 67,100,000 on August 19, 2020. The company will also issue 1,100,000 warrants. Each warrant can be exercisable to purchase 1 common share of the company at an exercisable price of ILS 73 per share until December 1, 2021. The transaction will include participation from Intergemel Provident Funds and Pension Ltd. for 154,000 shares and 154,000 warrants, Meitav Dash Provident Funds and Pension Ltd. for 188,500 shares and 188,500 warrants, Tachlit Composite Structures Ltd. for 11,500 shares and 11,500 warrants, Noked Limited Partnership for 154,000 shares and 154,000 warrants, Clal Insurance Company – Nostro for 82,000 shares and 82,000 warrants, and Clal Insurance Company Limited for 510,000 shares and 510,000 warrants. The shares issues are subject to a hold period of 6 months. The transaction has been approved by the board of directors of the company.