PARTNER COMMUNICATIONS ANNOUNCES RECEIVING A LAWSUIT
08/17/2022 - 02:09 PM
ROSH HA'AYIN, Israel , Aug. 17, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, reports that on August 17, 2022 , the Company received a lawsuit filed by Lapidot Capital Ltd. (the "Plaintiff "), that hold 2,173,126 of the Company's shares (the "Plaintiff's Shares "), in the Central District Court in Lod (the "Lawsuit ").
The Plaintiff's Shares are currently registered under the Plaintiff's name in the Company's shareholder registry as Founding Israeli Shareholder shares, as defined in the Company's Articles of Association. As part of the Lawsuit, the Plaintiff claims that due to changes to the Company's MRT license, the Company's Articles of Association no longer require the registration of the Plaintiff's Shares under the Plaintiff's name in the Company's shareholder registry. Therefore, the Plaintiff is petitioning the Court to grant an order to the Company instructing it to register the Plaintiff's Shares in the Company's shareholder registry under the Company's nominee company (Mizrahi Tfahot Nominee Company Ltd.), as regular and free shares, in a manner that will allow trading the Plaintiff's Shares on the stock exchange and a declaratory relief according to which the Plaintiff is entitled to receive damages from the Company in the amount equal to the value of the Plaintiff's Shares according to the share price on the date the Lawsuit was filed, in addition to interest and linkage differences from the date the Lawsuit was filed until the day the damages are granted, to be offset by the value of the shares on the day the Plaintiff's Shares will be registered under the nominee company.
The Company is reviewing the Lawsuit. Due to the preliminary stage of the proceeding, the Company is unable to evaluate the probability of success of the Lawsuit.
About Partner Communications
Partner Communications Company Ltd. 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
Contact:
Tamir Amar
Deputy CEO & Chief Financial Officer
Tel: +972 (54) 781 4951
Amir Adar
Head of Investor Relations & Corporate Projects
Tel: +972 (54) 781 5051
E-mail: investors@partner.co.il
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SOURCE Partner Communications Company Ltd.
Partner Communications Co.
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Industry
Wireless Telecommunications Carriers (except Satellite)
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Information
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Communications, Wireless Telecommunications
Country
Israel
City
P O Box 435 Afeq Industrial Park
About PTNR
partner communications company ltd. is a leading israeli provider of telecommunications services (cellular, fixed-line telephony and internet 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). why partner? • a leading communications group providing services that include mobile cellular telephony, fixed-line telephony, international telephony, internet services, transmission, data communications, and pri. • the group operates through strong communications brands: orange and 012 smile. • a major cellular operator commanding approximately 28% of the israeli market. • first to introduce 4g services in israel • superior customer service and operational excellence. • strategic agreement for network sharing with hot mobile • s.b. israel telecom ltd., an affiliate of saban capital group, inc., a global private investment firm specializing in media, entertainment and communications, holds app