NETANYA, Israel, Dec. 5, 2019 /PRNewswire/ -- Cellcom Israel
Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company") announced
today that the public tender for its ordinary shares, Series 3
options and Series 4 options to purchase its ordinary shares,
announced earlier today, was concluded. The Company received offers
for a total consideration of approximately NIS 650 million and
accepted a portion of these offers. The final information relating
to the public offering is as follows:
- The Company shall issue an aggregate of 30,600,000 ordinary
shares, 7,038,000 Series 3 Options and 6,426,000 Series 4
Options for NIS 1,021 per unit (each unit will consist of
100 ordinary shares, 23 Series 3 Options and 21 Series 4
Options).
- The immediate total net consideration to be received by the
Company is approximately NIS 307 million. The closing of the
offering is expected to occur on December 8,
2019.
Following 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 46.2% of
the Company's issued and outstanding share capital and
approximately 48.5% of the Company's voting rights (directly and
through agreements with other shareholders of the
Company).
For additional details see the Company's current report on Form
6-K dated December 5, 2019.
The offering described in this press release does not
constitute an offer to sell, or a solicitation of an offer to
purchase, any securities. Any securities referred to herein have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended (the "Securities Act"), and may not be offered
or sold within the United States
absent registration or an applicable exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act. There is no intention to register any securities
referred to herein in the United
States or to make a public offering of the securities in
the United States.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli
communications group, providing a wide range of communications
services. Cellcom Israel is the largest Israeli cellular provider,
providing its approximately 2.767 million cellular subscribers (as
at September 30, 2019) with a broad
range of services including cellular telephony, roaming services
for tourists in Israel and for its
subscribers abroad, text and multimedia messaging, advanced
cellular content and data services and other value-added 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. Cellcom Israel further provides OTT TV
services, internet infrastructure and connectivity services and
international calling services, as well as landline telephone
services in Israel. 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.