Partner Communications Announces Uniform Weighted Discount Rate for Series F Debentures
ROSH HA’AYIN, Israel--(BUSINESS WIRE)--Dec 4, 2018--Partner Communications Company Ltd. (“Partner” or “the Company”) (NASDAQ and TASE:), a leading Israeli communications operator, announces today that further to the Company’s report dated December 13, 2017, with respect to the uniform weighted discount rate for the Series F debentures, the Company’s report dated December 12, 2017 with respect to the results of the issuance of the additional Series F debentures of the Company by way of expansion of a Series and the Company’s reports dated September 13, 2017 and September 17, 2017 with respect to the agreement that the Company entered into for a private deferred placement for additional Series F debentures in Israel on December 4, 2018 (the ” Additional Debentures ” and the ” Additional Issuance ”, respectively) and with respect to the discount rate created following the Additional Issuance, and in accordance with the approval from the Israel Tax Authority of a “green track” arrangement that the Company received, on December 4, 2018 the Additional Debentures were allocated as part of the Additional Issuance. The price at which the Additional Debentures were allocated is 100.3 agorot for each NIS 1 par value Series F Debentures, the discount rate that was created in respect of the debentures that were issued as part of the Additional Issuance is 0.65868% (remains unchanged). Therefore, the uniform weighted discount rate according to a formula that weights the discount rate for the existing Series F debentures, with the discount rate as determined in the Additional Issuance of the additional debentures is 0.085223%.
The offering described in this press release was made only in Israel and only to residents of Israel in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act of 1933 (the “ Securities Act ”). The said debentures have not been, and will not be, registered under the U.S. Securities Act of 1933 and will not be offered or sold in the United States. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.
For additional details regarding the Company’s existing debentures, see the Company’s press release and immediate report (on Form 6-K) dated July 20, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317002098/zk1720277.htm or http://maya.tase.co.il/reports/details/1111245, and on September 13, 2017 at: http://maya.tase.co.il/reports/details/1121707 or https://www.sec.gov/Archives/edgar/data/1096691/000117891317002657/zk1720541.htm and on September 18, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317002681/zk1720554.htm or a report published in September 17, 2017 at: https://maya.tase.co.il/reports/details/1122396 and on December 12, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317003368/zk1720891.htmor athttp://maya.tase.co.il/reports/details/1136013 and on December 13, 2017 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891317003379/zk1720897.htm or at https://maya.tase.co.il/reports/details/1136276/2/0 and a report published on August 13, 2018 at: https://www.sec.gov/Archives/edgar/data/1096691/000117891318002387/zk1822027.htm or at: https://maya.tase.co.il/reports/details/1178800 and the Company’s Annual Report on Form 20-F for the year ended December 31, 2017 – “Item 5B. Liquidity and Capital Resources” and (on Form 6-K) on August 15, 2018 at https://www.sec.gov/Archives/edgar/data/1096691/000117891318002409/zk1822037.htm or at: https://maya.tase.co.il/reports/details/1179161/2/0,
About Partner Communications Partner Communications Company Ltd. (” Partner ”) is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner’s ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR) . For more information about Partner see: http://www.partner.co.il/en/Investors-Relations/lobby/
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CONTACT: Partner Communications
Mr. Tamir Amar
Chief Financial Officer
Tel: +972-54-781-4951Ms. Liat Glazer Shaft
Head of Investor Relations & Corporate Projects
KEYWORD: UNITED STATES NORTH AMERICA MIDDLE EAST ISRAEL
INDUSTRY KEYWORD: TECHNOLOGY INTERNET AUDIO/VIDEO TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: Partner Communications
Copyright Business Wire 2018.
PUB: 12/04/2018 03:18 AM/DISC: 12/04/2018 03:18 AM