PARTNER COMMUNICATIONS ANNOUNCES ISSUANCE OF
COMPANY DEBENTURES (SERIES G)
FOLLOWING EXERCISE OF OPTION WARRANTS (SERIES B)
ROSH
HA'AYIN, Israel, November 26, 2020 - Partner Communications Company Ltd. ("Partner" or "the Company") (NASDAQ and TASE: PTNR), a leading Israeli communications
operator, announces that further to the Company's immediate reports dated April 17, 2019, May 1, 2019 and July 1, 2019, with respect to a private placement in Israel of untradeable option warrants that are exercisable for the
Company's Series G debentures, and further to the Company's immediate report dated July 1, 2019, November 28, 2019, February 27, 2020, May 31, 2020 and July 1, 2020 with respect to the exercise of option warrants of the Company (Series A) and
(Series B), 622,000 option warrants of the Company (Series B) that are exercisable for NIS 62,200,000 par value of Series G debentures of the Company, were exercised.
The option warrants (Series B) of Series G debentures of the Company, were exercised at a discount rate of 2.688%, and therefore
the weighted discount rate for November 26, 2020 that applies to the Series G debentures (following the issuance detailed in this report) is 0.903%.
Standard & Poor’s Global Ratings Maalot Ltd. ("Maalot") has announced an 'ilA +' rating for the issuance of
debentures in an amount of up to NIS 62.2 million par value that will be issued through an expansion of Series G debentures as part of an exercise of untradeable options. For further information, see Maalot's report dated November 26, 2020
at: https://maya.tase.co.il/reports/details/1334896/2/0 or its
unofficial English translation which is attached hereto.
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR SINGAPORE.
For additional details regarding the Company's Series G debentures, see the Company's Shelf Offering Report that the Company
published on January 3, 2019 (on Form 6-K) at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891319000035/zk1922436.htm or
https://mayafiles.tase.co.il/rpdf/1206001-1207000/P1206884-00.pdf
the Company's press releases and immediate reports (on Form 6-K) dated April 17, 2019 at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891319001154/zk1922938.htm
or https://maya.tase.co.il/reports/details/1225154 ; on May 1, 2019 at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891319001264/zk1922985.htm or
https://maya.tase.co.il/reports/details/1226942; on July 1, 2019 at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891319001781/zk1923231.htm or
https://maya.tase.co.il/reports/details/1238784; on November 28, 2019 at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891319002851/zk1923706.htm or
https://maya.tase.co.il/reports/details/1265589/2/0; on February 27, 2020 at:
https://www.sec.gov/Archives/edgar/data/1096691/000117891320000660/zk2024103.htm
or https://maya.tase.co.il/reports/details/1280967; on May 31, 2020 at: https://maya.tase.co.il/reports/details/1298367/2/0 or https://www.sec.gov/Archives/edgar/data/1096691/000117891320001682/zk2024516.htm and on July 1, 2020 at:
https://maya.tase.co.il/reports/details/1305998 or
https://www.sec.gov/Archives/edgar/data/1096691/000117891320001907/zk2024622.htm
and also the Company's Annual Report on Form 20-F for the year ended December 31, 2019 – "Item 5B. Liquidity and Capital
Resources".
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
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Mr. Amir Adar
Head of Investor Relations & Corporate Projects
Tel: +972-54-781-5051
Email: investors@partner.co.il
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