<SEC-DOCUMENT>0001178913-22-002787.txt : 20220727
<SEC-HEADER>0001178913-22-002787.hdr.sgml : 20220727
<ACCEPTANCE-DATETIME>20220727060111
ACCESSION NUMBER:		0001178913-22-002787
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220727
FILED AS OF DATE:		20220727
DATE AS OF CHANGE:		20220727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICL Group Ltd.
		CENTRAL INDEX KEY:			0000941221
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13742
		FILM NUMBER:		221108703

	BUSINESS ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202
		BUSINESS PHONE:		(972-3) 684-4400

	MAIL ADDRESS:	
		STREET 1:		MILLENNIUM TOWER
		STREET 2:		23 ARANHA STREET, P.O. BOX 20245
		CITY:			TEL AVIV
		STATE:			L3
		ZIP:			61202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ISRAEL CHEMICALS LTD
		DATE OF NAME CHANGE:	19950314
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
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<DESCRIPTION>6-K
<TEXT>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">UNITED STATES</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25; font-weight: bold;">&#160;</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 14pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">FORM 6-K</div>
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    <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</div>
    <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25; font-weight: bold;">THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; text-indent: -6.85pt; margin-left: 6.85pt; line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">For the month of July 2022</div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman', serif; font-size: 1pt;">&#160;</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Commission File Number: 001-13742</div>
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 16pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;">ICL GROUP LTD.</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Exact name of registrant as specified in its charter)</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">ICL Group Ltd.</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Millennium Tower</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">23 Aranha Street</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">Tel Aviv, 61202 Israel</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">(972-3) 684-4400</div>
    <div style="text-align: center; line-height: 1.25; font-weight: bold;">(Address of principal executive office)</div>
    <div style="text-align: center; line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form 40-F: <br>
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            <div style="text-align: center; line-height: 1.25;">Form 20-F &#9746;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F &#9744;</div>
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    <div style="text-align: center; line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&#160;S-T&#160;Rule&#160;101(b)(1):</div>
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            <div style="text-align: center; line-height: 1.25;">Yes &#9744;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No &#9746;</div>
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    <div style="text-align: center; line-height: 1.25;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation&#160;S-T&#160;Rule&#160;101(b)(7):</div>
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            <div style="text-align: center; line-height: 1.25;">Yes &#9744;&#160;&#160;&#160;&#160;&#160;&#160; No &#9746;</div>
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    <div style="text-align: center; line-height: 1.25;">&#160;<font style="font-weight: bold;">ICL GROUP LTD.</font></div>
    <div style="text-align: center; line-height: 1.25;">&#160;</div>
    <div style="text-align: center; line-height: 1.25;">&#160;<font style="font-weight: bold;">INCORPORATION BY REFERENCE</font></div>
    <div style="text-align: center; line-height: 1.25;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">This report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form S-8 (Registration
      Number: 333-205518) of ICL Group Ltd. and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. In addition, this report on Form 6-K shall be deemed to
      be incorporated by reference into the Israeli Shelf Prospectus of ICL Group Ltd. filed with the Israel Securities Authority and dated February 28, 2022 (Filing Number: 2022-02-019821) and to be a part thereof from the date on which this report is
      filed, to the extent not superseded by documents or reports subsequently filed or furnished.</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">ICL GROUP LTD.</div>
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            <div style="line-height: 1.25;">1.</div>
          </td>
          <td style="width: 93.07%; vertical-align: top;">
            <div style="line-height: 1.25;">
              <div style="line-height: 1.25;">Settlement Agreement with the Israeli Tax Authority regarding the Taxation of Profits from Natural Resources Law</div>
            </div>
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    <div style="text-align: right; line-height: 1.25; font-weight: bold;">Item 1</div>
    <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><u>Settlement Agreement with the Israeli Tax Authority regarding the Taxation of Profits from Natural </u></div>
    <div style="text-align: center; line-height: 1.25; font-family: 'Times New Roman',Times,serif; font-size: 12pt; font-weight: bold; background-color: rgb(255, 255, 255); color: rgb(0, 0, 0); font-style: normal; font-variant: normal; text-transform: none;"><u>Resources Law</u></div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">Further to Note 15 of the Company's Consolidated Annual Financial Statements for the Year Ended December 31, 2021, filed on February 23,
      2022 (Ref No: 2022-02-018666), regarding the calculation of the Surplus Profit Levy, according to the Israeli Law for Taxation of Profits from Natural Resources, the Company hereby reports, that a settlement agreement which was signed with the
      Israeli Tax Authority (the "<font style="font-weight: bold;">Settlement</font>&#160;<font style="font-weight: bold;">Agreement</font>"),
      came into effect yesterday. The Settlement Agreement provides final assessments for the tax years 2016-2020, as well as outlines understandings for the calculation of the levy for the years from 2021 onwards, mainly concerning the mechanism for
      measuring the fixed asset value for the purpose of the Law, according to which the Company will calculate the liability for the Surplus Profit Levy.</div>
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    <div style="line-height: 1.25;">As a result of the Settlement Agreement, the Company will recognize tax expenses for prior years in the Company's financial statements for
      the second quarter of 2022, in the amount of $188 million dollars, including interest and linkage and net of corporate income tax, of which $124 million are in connection with the understandings reached regarding the measurement of fixed assets in
      the said final assessments (for 2016-2020).</div>
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    <div style="text-align: justify; line-height: 1.25;">The Company's total tax rate for the first half of 2022 (excluding the tax expenses for prior years), is 28%, compared to 23% for the
      first half of 2021. The Company&#8217;s higher tax rate is mainly a result of tax expenses relating to the surplus profit levy and represents the impact of the Settlement Agreement on the current tax rate. The Company expects that following implementation
      of the Settlement Agreement, its tax rate for the full year 2022 will be in the area of 30% (excluding the tax expenses for prior years). The actual effective tax rate for 2022 may vary as a result of various factors, including the level of revenues
      from the minerals extracted and downstream products, the geographies where the profit will be generated, the production costs of such minerals and products, CAPEX investments, exchange rate differences, working capital, etc.</div>
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    <div style="line-height: 1.25; font-weight: bold;">Forward-looking Statements</div>
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    <div style="line-height: 1.25;">This immediate report contains statements that constitute &#8220;forward looking statements&#8221;, many of which can be identified by the use of
      forward looking words such as &#8220;anticipate&#8221;, &#8220;believe&#8221;, &#8220;could&#8221;, &#8220;expect&#8221;, &#8220;should&#8221;, &#8220;plan&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;strive&#8221;, &#8220;forecast&#8221;, &#8220;targets&#8221; and &#8220;potential&#8221;, among others.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="line-height: 1.25;">Forward looking statements include, but are not limited to, statements regarding our expected future tax rates and the impact of the
      settlement on our future financial condition and results of operations. Forward looking statements are based on our management&#8217;s beliefs and assumptions and on information currently available to our management. Such statements are subject to risks
      and uncertainties, and the actual results may differ materially from those expressed or implied in the forward looking statements due to various factors, including, but not limited to the factors discussed under &#8221;Item 3 - Key Information&#8212; D. Risk
      Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) on February 23, 2022.</div>
    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">Forward looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of
      new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.</div>
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    <div style="text-align: center; line-height: 1.25; font-weight: bold;">SIGNATURE</div>
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    <div style="text-indent: 18pt; line-height: 1.25;">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.</div>
    <div style="text-indent: 18pt; line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25; font-weight: bold;">ICL Group Ltd.</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
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            <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="line-height: 1.25;">By:</div>
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          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">/s/ Aviram Lahav</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;">Name:</div>
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          <td style="width: 42%; vertical-align: top;">
            <div style="line-height: 1.25;">Aviram Lahav</div>
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            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
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          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Title:</div>
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          <td style="width: 42%; vertical-align: top;">
            <div style="line-height: 1.25;">Chief Financial Officer</div>
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    <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25; font-weight: bold;">ICL Group Ltd.</div>
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            <div style="line-height: 1.25;">&#160;</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
          </td>
          <td style="width: 3%; vertical-align: top;">
            <div style="line-height: 1.25;">By:</div>
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          <td colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="line-height: 1.25;">/s/ Aya Landman</div>
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            <div style="line-height: 1.25;">&#160;</div>
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            <div style="line-height: 1.25;">&#160;</div>
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          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Name:</div>
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          <td style="width: 42%; vertical-align: top;">
            <div style="line-height: 1.25;">Aya Landman</div>
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            <div style="line-height: 1.25;">&#160;</div>
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          <td style="width: 3%; vertical-align: top;">
            <div style="line-height: 1.25;">&#160;</div>
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          <td style="width: 4%; vertical-align: top;">
            <div style="line-height: 1.25;">Title:</div>
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          <td style="width: 42%; vertical-align: top;">
            <div style="line-height: 1.25;">VP, Company Secretary &amp; Global Compliance</div>
          </td>
        </tr>

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    <div style="text-align: justify; line-height: 1.25;">&#160;</div>
    <div style="text-align: justify; line-height: 1.25;">
      <div style="line-height: 1.25;">Date: July 27, 2022</div>
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    <div style="text-align: justify; line-height: 1.25;"> <br>
    </div>
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    <br>
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    </div>
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