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Partner Communications Announces Filing of a Shelf Prospectus in Israel

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Partner Communications Company Ltd. (NASDAQ: PTNR) announced the publication of a shelf prospectus approved by the Israeli Securities Authority and the Tel Aviv Stock Exchange. This permits the company to offer debentures, ordinary shares, and other securities in Israel until July 2023, with a possible extension until July 2024. Future offerings will require a supplemental shelf offering report detailing the specific terms. It's emphasized that these securities will not be offered in the United States.

Positive
  • Approval of shelf prospectus provides flexibility for future financing.
  • Ability to offer a variety of securities until July 2023, potentially extended to July 2024.
Negative
  • None.

ROSH HA'AYIN, Israel, July 27, 2021 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announced that it has published a shelf prospectus after having received the Israeli Securities Authority and the Tel Aviv Stock Exchange approvals. The shelf prospectus allows the Company the flexibility to offer from time to time until July 2023 (or if extended by the ISA, subject to certain conditions, until July 2024) debentures, ordinary shares and other securities of the Company in Israel. Any offering of these securities in the future will be made pursuant to a supplemental shelf offering report which will describe the terms of the securities being offered and the specific details of the offering.

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This press release is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act"), or an exemption from the registration requirements of the Securities Act. Any offering of securities pursuant to the shelf prospectus and any supplemental shelf offering report will be made only in Israel to residents of Israel, will not be registered under the Securities Act and will not be offered or sold in the United States or to U.S. persons (as defined in Regulation S under the Securities Act), except pursuant to an applicable exemption from registration under the Securities Act.

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

Contacts:

Mr. Tamir Amar

Deputy CEO & Chief Financial officer

Tel: +972-54-781-4951

 

Mr. Amir Adar

Head of Investor Relations and Corporate Projects

Tel: +972-54-781-5051

E-mail: investors@partner.co.il

 

Cision View original content:https://www.prnewswire.com/news-releases/partner-communications-announces-filing-of-a-shelf-prospectus-in-israel-301341744.html

SOURCE Partner Communications Company Ltd.

FAQ

What is the significance of Partner's shelf prospectus approval?

The approval allows Partner Communications to raise funds through various securities offerings in Israel until July 2023, with possible extension.

When does the shelf prospectus for PTNR expire?

The shelf prospectus is valid until July 2023, with the option to extend until July 2024.

How will future securities offerings by Partner Communications be conducted?

Any future offerings will be made based on a supplemental shelf offering report detailing the terms.

Is the shelf prospectus applicable in the United States?

No, the securities offered under the shelf prospectus will not be registered or sold in the United States.

What types of securities can Partner offer under the shelf prospectus?

Partner can offer debentures, ordinary shares, and other securities as per the prospectus.

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