012 Smile.Communications Announces Shareholder Approval of Name Change to B Communications Ltd., Amendments to its Charter & ...
March 16 2010 - 5:01PM
Business Wire
012 Smile.Communications Ltd. (Nasdaq:SMLC), a member of the
Eurocom Group, announced today that on March 16, 2010, at an
extraordinary meeting, the Company’s shareholders approved the
Company’s name change to “B Communications Ltd.” and the name
change became effective upon the approval of the Israeli Registrar
of Companies. The Company’s ordinary shares will begin to trade
under its new name and a new trading symbol “BCOM” on March 17,
2010. The new CUSIP for the Company’s ordinary shares is M15629
104.
The Company also reported that, at the extraordinary meeting,
its shareholders approved certain amendments to its Articles of
Association to comply with the regulatory framework to which it
will be subject following its acquisition of the controlling
interest in Bezeq - The Israel Telecommunication Corp., Israel’s
largest telecommunications provider (TASE:BZEQ).
In addition, a proposed private offering of up to NIS 400
million of the Company’s ordinary shares in Israel in which the
Company’s controlling shareholder, Internet Gold - Golden Lines
Ltd., will participate, was approved at the extraordinary meeting
by the shareholders by a special majority. The Company expects to
determine the terms of the private placement and complete the
solicitation of offers for the private placement from third party
institutional investors by the end of this week.
About 012 Smile.Communications
012 Smile.Communications (Nasdaq:SMLC - News) is a 75.3%-owned
subsidiary of Internet Gold (Nasdaq:IGLD - News). Internet Gold is
a subsidiary of Eurocom Communications Ltd.
In October 2009, 012 Smile.Communications signed a definitive
agreement to purchase the controlling interest (approximately
30.6%) in Bezeq, The Israel Telecommunication Corp. Ltd., Israel’s
largest telecommunications provider (TASE:BZEQ).
For further information, please visit our website:
www.012smile.com.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include risks associated with the pending acquisition of the
controlling interest in Bezeq The Israel Telecommunication Corp.
and other risks detailed from time to time in 012
Smile.Communications’ filings with the Securities Exchange
Commission. These documents contain and identify other important
factors that could cause actual results to differ materially from
those contained in our projections or forward-looking statements.
Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date on which they are made. We undertake no obligation to
update publicly or revise any forward-looking statement.
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