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Cellcom Israel Ltd. reports recurring shareholder-meeting developments for its TASE-listed shares, including annual, special and extraordinary general meetings, record dates and voting procedures. Company announcements focus on audited annual financial statements and board reports, reappointment of independent auditors and directors, external and independent director appointments, modifications to the Articles of Association, indemnity and exemption letters for office holders, officer compensation policy updates and CEO compensation or equity-grant approvals.
Cellcom Israel Ltd. (NYSE: CEL) announced the granting of approximately 4.03 million options under its 2015 Share Incentive Plan to senior employees. The options will vest in three equal installments over three years with varying exercise prices: NIS 13.16 for the first, NIS 14.21 for the second, and NIS 15.40 for the third. The first installment can be exercised within 18 months post-vesting, while the second and third can be exercised within 12 months. The company filed its annual report on March 23, 2020, detailing this incentive plan.
On June 16, 2020, Cellcom Israel Ltd. (NYSE: CEL) announced the resignation of Mr. Samy Bakalash as a director, following his appointment as CEO of the Israeli Parliament. This change comes amidst Cellcom's ongoing operations as the largest cellular provider in Israel, with approximately 2.747 million subscribers as of March 31, 2020. The company offers extensive telecommunication services, including advanced cellular content, OTT TV, and international calling services. The full implications of this leadership change are yet to be assessed.