ROSH
HA'AYIN, Israel, Aug. 17,
2022 /PRNewswire/ -- Partner Communications
Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE:
PTNR), a leading Israeli communications
operator, reports that on August
17, 2022, the Company received a lawsuit filed by Lapidot
Capital Ltd. (the "Plaintiff"), that hold 2,173,126 of the
Company's shares (the "Plaintiff's Shares"), in the Central
District Court in Lod (the "Lawsuit").
The Plaintiff's Shares are currently registered under the
Plaintiff's name in the Company's shareholder registry as Founding
Israeli Shareholder shares, as defined in the Company's Articles of
Association. As part of the Lawsuit, the Plaintiff claims that due
to changes to the Company's MRT license, the Company's Articles of
Association no longer require the registration of the Plaintiff's
Shares under the Plaintiff's name in the Company's shareholder
registry. Therefore, the Plaintiff is petitioning the Court to
grant an order to the Company instructing it to register the
Plaintiff's Shares in the Company's shareholder registry under the
Company's nominee company (Mizrahi Tfahot Nominee Company Ltd.), as
regular and free shares, in a manner that will allow trading the
Plaintiff's Shares on the stock exchange and a declaratory relief
according to which the Plaintiff is entitled to receive damages
from the Company in the amount equal to the value of the
Plaintiff's Shares according to the share price on the date the
Lawsuit was filed, in addition to interest and linkage differences
from the date the Lawsuit was filed until the day the damages are
granted, to be offset by the value of the shares on the day the
Plaintiff's Shares will be registered under the nominee
company.
The Company is reviewing the Lawsuit. Due to the preliminary
stage of the proceeding, the Company is unable to evaluate the
probability of success of the Lawsuit.
About Partner Communications
Partner Communications Company Ltd. 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
Contact:
Tamir
Amar
Deputy CEO & Chief
Financial Officer
Tel: +972 (54) 781
4951
|
Amir
Adar
Head of Investor
Relations & Corporate Projects
Tel: +972 (54) 781
5051
E-mail:
investors@partner.co.il
|
View original
content:https://www.prnewswire.com/news-releases/partner-communications-announces-receiving-a-lawsuit-301607892.html
SOURCE Partner Communications Company Ltd.