Partner Communications Announces Uniform Weighted Discount Rate for Series F Debentures
December 04 2018 - 3:18AM
Business Wire
Partner Communications Company Ltd. ("Partner" or "the
Company") (NASDAQ and TASE: PTNR), 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.htm
or at
http://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
CommunicationsPartner 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/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181204005419/en/
Partner CommunicationsMr. Tamir AmarChief
Financial OfficerTel: +972-54-781-4951
Ms. Liat Glazer ShaftHead of Investor Relations &
Corporate ProjectsTel: +972-54-781-5051E-mail:
investors@partner.co.il
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