NETANYA, Israel, June 16, 2020 /PRNewswire/ -- Cellcom Israel
Ltd. (NYSE: CEL) (the "Company") announced today that the Company's
board of directors resolved to grant approximately 4.03 million
options under the Company's 2015 Share Incentive Plan, to certain
non-directors office holders (preceded by the Company's
compensation committee's resolution to that end) and senior
employees, to be vested in three equal installments on each of the
first, second and third anniversary of the grant at an exercise
price of NIS 13.16 for the first
installment, NIS 14.21 for the second
installment and NIS 15.40 for the
third installment. The options of the first installment may be
exercised within 18 months from their vesting, and the options of
the second and third installments may be exercised with 12 month
from their vesting.
For additional details see the Company's most recent annual
report for the year ended December 31,
2019 on Form 20-F, filed on March 23,
2020, under Item 6. Directors, senior management and
employees –E. Share Ownership – Share Incentive Plan".
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 2.747 million cellular subscribers (as
at March 31, 2020) 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.