Rosh Ha'ayin, Israel, June 28th, 2001 - Partner Communications Company Ltd. (NASDAQ: PTNR , London : PCCD) today announced that it has received approval from The Tel Aviv Stock Exchange (TASE) to list its shares for trading on the Exchange and has submitted the appropriate forms to enable such trading to commence during the course of next week.
Partner initiated this move, taking advantage of a dual listing law, which was passed last year by Israel's Parliament, the Knesset. The law simplifies the procedure for companies traded on the Nasdaq National Market, the New York Stock Exchange and the American Stock Exchange to also list on the TASE, with no additional material cost and minimal additional regulatory requirements.
The TASE also announced that Partner would be included in the Tel Aviv 25 Index (TA 25) and the Tel Aviv 100 Index (TA 100), effective August 1st, 2001. The TA 25 and TA 100 Indexes are composed of the largest companies on the TASE, ranked by market capitalization.
The listing on the Tel Aviv Stock Exchange provides access to additional Israeli institutional investors that are currently restricted from trading on foreign exchanges as well as Israeli retail investors and foreign investors who trade on the TASE. Additional advantages include a continuous trading day of 14 hours (from 9:45 a.m. to 11 p.m. Israeli local time (ILT)) as well as efficient, low-cost order execution on the fully automated Tel Aviv Continuous Trading (TACT) system.
Partner Communications Company Ltd. is the only Global System for Mobile Communications, or GSM, mobile telephone network operator in Israel. The Company commenced full commercial operations in January 1999 under the international Orange Brand name and, through its network, provides quality of service and a range of features to over a million subscribers in Israel. Partner subscribers can use roaming services in 80 countries using 208 GSM networks. The Company shares are quoted as American
Depositary Shares (ADS) on NASDAQ under the symbol PTNR and on the London Stock Exchange under the symbol PCCD.
Contacts:
Dr. Dan Eldar
Partner Communications Company Ltd.
V.P. Carrier, Investor and International Relations
Tel: +972 3 905 4151
Fax: +972 3 905 4161
E-mail: dan.eldar@orange.co.il
Alan Gelman, CFO
Partner Communications Company Ltd.
Tel: +972 - 3 - 905 4951
Fax: +972 - 3 - 905 4161
Email: alan.gelman@orange.co.il
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