Partner Communications Announces Repurchase Results of Its Ordinary Shares

Partner Communications Announces Repurchase Results of Its Ordinary Shares

6 years ago
Anonymous $oIHRkISgaL

https://www.businesswire.com/news/home/20181028005017/en/

ROSH HA’AYIN, Israel--(BUSINESS WIRE)--Oct 28, 2018--Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli communications operator, reports that following the Company's announcement on May 31, 2018 of a share buy-back plan of up to an aggregate amount of NIS 200 million of its ordinary shares which are traded on the Tel Aviv Stock Exchange (" the Plan "), and further to the approval of the Company's Board of Directors on August 14, 2018 regarding the repurchase of the second tranche under the Plan (" the Second Tranche "), as of October 25, 2018, the Company has completed the repurchase of the Second Tranche, in an additional amount of NIS 50 million (including commissions) with an aggregate repurchase total amount of NIS 100 million under the Plan.

The Company has repurchased 2,865,398 of its ordinary shares under the Second Tranche, with an aggregate total amount of 6,501,588 shares repurchased under the Plan. The average price per share of the total amount of shares repurchased under the Plan was NIS 15.38 (including commissions). As of this date, the Company's treasury shares totals an amount of 7,887,891.