Partner Communications Reports the Appointment of a Permanent Receiver of the Company’s Shares Of S.B. Israel Telecom

ROSH HA’AYIN, Israel–(BUSINESS WIRE)–Partner Communications Company Ltd. (“Partner” or the “Company”) (NASDAQ and TASE: PTNR), a leading Israeli communications operator, informs its shareholders that S.B. Israel Telecom Ltd. filed on November 12, 2019, a public document with the US Securities and Exchange Commission stating, among other things:

“On November 12, 2019, the District Court of Tel Aviv appointed advocate Ehud Sol as receiver and issued an order which order vests with the appointed receiver all rights related to the Pledged Shares, including the right to participate in the Issuer’s shareholders’ meetings, the right to vote the Pledged Shares, the right to receive dividends, and any contractual right related to the Pledged Shares (the “Receiver Appointment”). As a result of the Receiver Appointment, as of November 12, 2019, the Reporting Persons (S.B. Israel Telecom Ltd. and affiliates) ceased to beneficially own any Ordinary Shares of the Issuer.”

For the complete text of the filing, the following link may be used: https://www.sec.gov/Archives/edgar/data/1096691/000119312519290010/d833059dsc13da.htm.

The Company is reviewing and assessing the potential implications of the Court’s decision and the report for the Company.

About Partner Communications

Partner Communications Company Ltd. (“Partner”) 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/

Contacts

Mr. Tamir Amar
Chief Financial Officer
Tel: +972-54-781-4951

Ms. Liat Glazer Shaft
Head of Investor Relations & Corporate Projects
Tel: +972-54-781-5051
Email: investors@partner.co.il

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