Partner Communications Reports Results of Extraordinary General Meeting of Shareholders

Mon Oct 26, 2009 6:59am EDT
 
[-] Text [+]
ROSH HA’AYIN, Israel--(Business Wire)--
Partner Communications Company Ltd. ("Partner" or "the Company")
(Nasdaq:PTNR)(TASE:PTNR), a leading Israeli mobile communications operator,
announced today the results of the Extraordinary General Meeting of Shareholders
(the "Meeting'), that was held on October 22, 2009 at Partner's offices in Rosh
Ha'ayin, Israel. 

At the Meeting, all the proposals set forth in Partner's proxy statement dated
September 16, 2009 (the "Proxy Statement") sent in connection with the Meeting,
were approved by the required majorities. The proposals were as follows: 

(i) to approve the appointment of Mr. Barry Ben-Zeev (Woolfson) as a new
external director (Dahatz) and to approve his remuneration, indemnification and
insurance; 

(ii) to conditionally approve a "Run-Off" insurance policy for directors and
other office holders f the Company; 

(iii) to conditionally approve a registration rights agreement (to be entered
into at a later date) by and between the Company and Scailex Corporation Ltd.; 

(iv) to approve the grant of Indemnification Letters to directors of the
Company; 

(v) to conditionally approve a new "D&O" insurance policy (to be entered into at
a later date); and 

(vi) to amend certain provisions of our Articles of Association. 

For further information concerning the proposals, please refer to the Proxy
Statement. 

About Partner Communications

Partner Communications Company Ltd. ("Partner") is a leading Israeli provider of
telecommunications operator (cellular, fixed-line telephony and Internet
Services Provider) under the orange brand. The Company provides mobile
communications services to 2.944 million subscribers in Israel (as of June 30,
2009). 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). 

Partner is a subsidiary of Hutchison Telecommunications International Limited
("Hutchison Telecom"), a leading global provider of telecommunications services.
Hutchison Telecom currently offers mobile and fixed line telecommunications
services in Israel, and operates mobile telecommunications services in Thailand,
Sri Lanka, Vietnam and Indonesia. It was the first provider of 3G mobile
services in Israel and operates brands including "Hutch", "3" and "orange".
Hutchison Telecom, a subsidiary of Hutchison Whampoa Limited, is a listed
company with American Depositary Shares quoted on the New York Stock Exchange
under the ticker "HTX" and shares listed on the Stock Exchange of Hong Kong
under the stock code "2332". For more information about Hutchison Telecom, see
www.htil.com. 

For more information about Partner, see http://www.orange.co.il/investor_site/

Mr. Emanuel Avner
Chief Financial Officer
Tel: +972-54-7814951
Fax: +972-54-7815961
E-mail: emanuel.avner@orange.co.il
or
Mr. Oded Degany
V. P. Corporate Development, Strategy and IR
Tel: +972-54-7814151
Fax: +972-54 -7814161
E-mail: oded.degany@orange.co.il



Copyright Business Wire 2009

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video