NETANYA, Israel, June 27, 2018 /PRNewswire/ --
Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the
"Company") announced today that the public tender for its ordinary
shares, Series 1 options and Series 2 options to purchase its
ordinary shares, previously announced on June 26, 2018, was concluded. The Company
received offers for a total consideration of approximately
NIS 590 million and accepted only a
portion of these offers. The final information relating to the
public offering is as follows:
- The Company shall issue an aggregate of 12,121,200 ordinary
shares, 3,030,300 Series 1 Options and 3,030,300 Series 2 Options
for NIS 2,310 per unit (each unit
will consist of 100 ordinary shares, 25 Series 1 Options and 25
Series 2 Options).
- The total net consideration to be received by the Company is
approximately NIS 275 million. The
closing of the offering is expected to occur on June 27-28, 2018.
In addition, the Company's controlling shareholder announced
that following the completion of the previously reported swap
transaction of the Company's controlling shareholder with a
financial institution, it purchased an additional approximately
1.1% of the Company's pre offering issued and outstanding share
capital, for a period of 90 days (at the end of which it will be
obliged to sell back such swap shares).
Following such transaction and the participation of the
Company's controlling shareholder in the offering, after the
closing of the offering, the Company's controlling shareholder will
hold approximately 44.2% of the Company's issued and outstanding
share capital and approximately 47.2% of the Company's voting
rights (directly and indirectly and through agreements with other
shareholders of the
Company).
For additional details see the Company's current report on Form
6-K dated June 26, 2017.
The offering described in this press release will be made
only in Israel and only to
residents of Israel. The said
securities will not be registered under the U.S. Securities Act of
1933 and will not be offered or sold in the United States or to
U.S. persons. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy any
securities.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is the largest Israeli
cellular provider; Cellcom Israel provides its approximately 2.822
million cellular subscribers (as at March
31, 2018) with a broad range of value added services
including cellular telephony, roaming services for tourists in
Israel and for its subscribers
abroad and additional services in the areas of music, video, mobile
office etc., based on Cellcom Israel's technologically advanced
infrastructure. The Company operates an LTE 4 generation network
and an HSPA 3.5 Generation network enabling advanced high speed
broadband multimedia services, in addition to GSM/GPRS/EDGE
networks. Cellcom Israel offers Israel's broadest and largest customer service
infrastructure including telephone customer service centers, retail
stores, and service and sale centers, distributed nationwide.
Through its broad customer service network Cellcom Israel offers
technical support, account information, direct to the door parcel
delivery services, internet and fax services, dedicated centers for
hearing impaired, etc. Cellcom Israel further provides OTT TV
services, internet infrastructure and connectivity services and
international calling services, as well as landline telephone
communications services in Israel,
in addition to data communications services. Cellcom Israel's
shares are traded both on the New York Stock Exchange (CEL) and the
Tel Aviv Stock Exchange (CEL). For additional information please
visit the Company's website
http://investors.cellcom.co.il.
Company
Contact
Shlomi Fruhling
Chief Financial
Officer
investors@cellcom.co.il
Tel:
+972-52-998-9735
|
Investor Relations
Contact
Ehud Helft
GK Investor &
Public Relations In partnership with LHA
cellcom@GKIR.com
Tel:
+1-617-418-3096
|
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SOURCE Cellcom Israel Ltd.