Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ:PTNR) (TASE:PTNR), a leading Israeli mobile communications operator, reports that Scailex Corporation Ltd. ("Scailex") filed on July 15, 2014 an immediate report.
For Scailex's complete immediate report, see: http://maya.tase.co.il/bursa/report.asp?report_cd=909747 or its unofficial English-language translation attached hereto and to our immediate report on Form 6-K to be furnished to the Securities and Exchange Commission.
The Company is publicly transmitting Scailex's immediate report solely for information purposes. The statements made in Scailex’s immediate report reflect its views only, and do not necessarily reflect the views or opinions of the Company.
Forward-Looking Statements
This
press release includes forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933, as amended, Section 21E of
the US Securities Exchange Act of 1934, as amended, and the safe harbor
provisions of the US Private Securities Litigation Reform Act of 1995.
Words such as "believe", "anticipate", "expect", "intend", "seek",
"will", "plan", "could", "may", "project", "goal", "target" and similar
expressions often identify forward-looking statements but are not the
only way we identify these statements. All statements other than
statements of historical fact included in this press release regarding
our future performance, plans to increase revenues or margins or
preserve or expand market share in existing or new markets, plans to
reduce expenses, and any statements regarding other future events or our
future prospects, are forward-looking statements.
We have
based these forward-looking statements on our current knowledge and our
present beliefs and expectations regarding possible future events. These
forward-looking statements are subject to risks, uncertainties and
assumptions about Partner, consumer habits and preferences in cellular
telephone usage, trends in the Israeli telecommunications industry in
general, the impact of current global economic conditions and possible
regulatory and legal developments. In light of these risks,
uncertainties and assumptions, the forward-looking events discussed in
this press release might not occur, and actual results may differ
materially from the results anticipated. For further information
regarding the above-mentioned risks, uncertainties and assumptions and
other risks we face, see "Item 3. Key Information - 3D. Risk Factors",
"Item 4. Information on the Company", "Item 5. Operating and Financial
Review and Prospects", "Item 8. Financial Information - 8A. Consolidated
Financial Statements and Other Financial Information - 8A.1 Legal and
Administrative Proceedings" and "Item 11. Quantitative and Qualitative
Disclosures about Market Risk" in the Company's Annual Reports on Form
20-F filed with the SEC, as well as its current reports on Form 6-K
furnished to the SEC. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
About Partner Communications
Partner
Communications Company Ltd. ("Partner") is a leading Israeli
provider of telecommunications services (cellular, fixed-line telephony
and internet services) under the orange™ brand and the 012 Smile brand.
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: www.orange.co.il/en/Investors-Relations/lobby/
SCAILEX CORPORATION LTD.
Company registration number:
520031808
Securities of the corporation are listed for trading on
the Tel-Aviv Stock Exchange
Symbol: Scailex
48 Ben Zion Galis
Street, Petach-Tikva 49277
Telephone: + 972-3-9057730 ● Fax: +
972-3-9300424
E-mail: contact_us@scailex.com
Company
website: www.scailex.com
Transmission date: 15/07/2014
Reference no.: 2014-01-115065
To | To | |
Israel Securities Authority | The Tel-Aviv Stock Exchange Ltd. | |
Immediate Report of an event or matter not in the corporation’s ordinary course of business
Regulation 36(a) of the Securities Regulations (Periodic and Immediate
Reports), 5730 – 1970
Nature of the event: Enforcement of
liens
The District Court of Tel-Aviv - Jaffa, the honorable Judge Orenstein presiding, decided today to order the enforcement of liens on shares of Partner Communications Company Ltd., which the Company created in favor of the trustee for the Company’s Series D and F notes, and the appointment of Adv. Adi Figel as a receiver for the aforesaid shares and the delegation of powers to Adv. Figel to take action to sell the aforesaid shares, subject to the court’s approval, all as specified in the court ruling, which is attached to this immediate report.
Minutes_of _hearing_15072014_isa.pdf
The date and time that the corporation first learned of the event or matter: 15/07/2014 at 19:30.
The District Court in Tel-Aviv – Jaffa
Liquidation 12241-07-14 Reznik Paz Nevo Trusts Ltd. et al vs. Scailex Corporation Ltd. et al
July 15, 2014
Application no. 1
The honorable Judge Eitan Orenstein, Vice President
| 1 | ||
- | 2 | |
Ruling | 3 | |
| 4 | ||
| I have before me an application on behalf of the trustee for holders of the notes of Series D | 5 | |
| and F of the company “Scailex Corporation Ltd. (hereinafter: “the Company”) for the | 6 | |
| enforcement of liens and for the appointment of a receiver for the purpose of carrying out the | 7 | |
| enforcement. | 8 | |
| 9 | ||
| According to the application, the Company owes the noteholders-the applicants the sum of | 10 | |
| approximately NIS 145 million to Series D and the sum of approximately NIS 62.2 million to | 11 | |
| the holders of the Series F notes. | 12 | |
| 13 | ||
| The Company provided collateral to the noteholders by way of pledging 11.4% of Partner | 14 | |
| Company's shares so that 2.6% of the shares are pledged to the Series D notes and 1.2% to the | 15 | |
| Series F notes. | 16 | |
| 17 | ||
| According to the applicants’ position, the Company did not fulfill its obligations to them. In | 18 | |
| this context, the applicants point out that the value of the pledged shares is lower than the | 19 | |
| secured debt; recently, there has been a significant decline in the value of the pledged shares; | 20 | |
| a number of creditors have already exercised the collateral they are holding; the Company did | 21 | |
| not pay the sums that are due to the applicants; members of the Board of Directors have | 22 | |
| resigned, and more. That being the case, the applicants claim that the conditions for calling | 23 | |
| for the repayment of the debt and for exercising the collateral have been fulfilled. | 24 | |
| 25 | ||
| The Company notified that it is not opposing this application either for the enforcement of the | 26 | |
| liens or for the appointment of a receiver. | 27 | |
| 28 | ||
| That being the case, based on that stated in the application and on its arguments, the affidavit | 29 | |
| supporting it and the supporting documents and, in the absence of opposition, a ruling is | 30 | |
| hereby issued that orders the enforcement of the liens. I appoint Adv. Adi Figel as a receiver | 31 | |
| for the shares and delegate the powers to him to take action to sell the shares, and subject to | 32 | |
| the court’s approval. The receiver shall submit a report by September 1, 2014. | 33 | |
- | 34 | |
Issued and announced today, 17 Tamuz 5774, July 15, 2014, in the presence of the | 35 | |
attendees. | 36 | |
| 37 | ||
| 38 | ||
| Judge Eitan Orenstein | 39 | |
| Vice President | 40 | |
| 41 | ||
| 42 |
Contacts:
Mr. Ziv Leitman, Tel:
+972-54-781-4951
Chief Financial Officer
or
Ms. Elana
Holzman, Tel: +972-54-781-4383
Head of Investor Relations
E-mail:
investors@orange.co.il
