CELLCOM ISRAEL LTD. Announcement of An Extraordinary General Meeting of The Shareholders of The Company
Cellcom Israel (TASE: CEL) has announced an Extraordinary General Meeting (EGM) of shareholders scheduled for June 20, 2024, at 15:00 (Israel time) at their Netanya offices. An adjourned meeting, if necessary, will take place on June 27, 2024. The record date for the meeting is May 22, 2024. The primary agenda item is the approval of a one-time special grant for the CEO.
Shareholders can view the meeting documents on the Magna and Tel-Aviv Stock Exchange websites. Both registered and unregistered shareholders can vote electronically until six hours before the meeting. Voting by mail is also possible until four hours before the meeting. For further information, shareholders are directed to contact CFO Gadi Attias or Investor Relations Manager Elad Levy.
- Announcement of an Extraordinary General Meeting, ensuring transparency and shareholder involvement.
- Agenda includes approval of a one-time special grant for the CEO, demonstrating potential leadership incentives.
- Detailed voting instructions provided, facilitating shareholder participation.
- The EGM's primary agenda is to approving a special grant for the CEO, which might not appeal to all shareholders.
- Potential administrative burden and costs associated with organizing an EGM and providing extensive voting options.
- The focus on CEO compensation might raise concerns among shareholders about the company’s prioritization of executive benefits over other strategic initiatives.
NETANYA,
The Agenda of the Meeting
Approval of a one-time special grant for the CEO of the Company.
Voting Instructions
The summon statement and the voting card published by the Company on May 15, 2024 regarding the convening of the Meeting (the "Meeting's Documents") may be viewed on the Magna distribution website at: www.magna.isa.gov.il and on the Tel-Aviv Stock Exchange Ltd. website at: www.maya.tase.co.il.
Section 3.11 of the summon statement contains voting instructions for shareholders whose shares are not held via a member of the TASE Clearinghouse (for trading on the Tel Aviv Stock Exchange) but instead via a member of the Depositary Trust Company (DTC) or Shareholders who are registered directly with the Company's
An Unregistered Shareholder is entitled to vote through the Electronic Voting System. Voting through an Electronic voting card shall be possible until six (6) hours before the assembly time of the General Meeting. In addition, an Unregistered Shareholder shall be entitled to deliver the certificate of ownership through the Electronic Voting System
A shareholder is also entitled to vote at the General Meeting through a voting card. Voting in writing shall be made by way of the second part of the voting card, which is attached to the Report.
The voting card and documents that must be attached thereto as set forth in the voting card, must be delivered to the Company's offices (including by registered mail) including the certificate of ownership (and with respect to a registered shareholder - including a photocopy of an identity card, passport, or certificate of incorporation, as applicable) until four (4) hours before the assembly time of the General Meeting. For this purpose, "time of delivery" is the time on which the voting card and the documents attached thereto arrived at the Company's offices.
Company Contact Gadi Attias | Investor Relations Contact Elad Levy |
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SOURCE Cellcom Israel Ltd.
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