By Business Wirevia The Motley Fool
Filed under: Investing
Partner Communications Announces the Results of the Extraordinary General Meeting of Shareholders
ROSH HA’AYIN, Israel–(BUSINESS WIRE)– Partner Communications Company Ltd. (“Partner” or “the Company”) (Nasdaq: PTNR) (TASE:PTNR), a leading Israeli communications operator, announces the results of the Extraordinary General Meeting of Shareholders (the “EGM“), that was held on April 11, 2013 at Partner’s offices in Rosh Ha‘ayin, Israel.
The EGM resolutions with respect to the items set forth in the Company’s proxy statement dated March 7, 2013 sent in connection with the EGM (the “Proxy Statement“), were as follows:
(1) to approve and ratify the compensation terms of several directors; to approve and ratify (subject to the adoption of Resolution 4 below) indemnification of several directors and that these directors benefit from the Company’s D&O insurance policy;
The proposed resolutions were approved by the required majority as detailed in the Proxy Statement, except for the resolution regarding indemnification – see item 4 below.
(2) to approve and ratify a “Run-Off” insurance policy for directors and other office holders of the Company;
The proposed resolution was approved by the required majority, as detailed in the Proxy Statement
(3) to approve amendments to provisions of the Company’s Articles of Association regarding: (i) required majority; (ii) insurance; (iii) indemnification; (iv) release; (v) prospective legal amendments; (vi) shareholders limited liability; and (vii) miscellaneous provisions;
The proposed resolutions set forth in items (3)(ii) and 3(iv) through 3(vii) (inclusive) were approved by the required majority as detailed in the Proxy Statement. The proposed resolutions set forth in items (3)(i) and (3)(iii) were not approved by the required majority.
(4) to approve and ratify the grant of Indemnification Letters to the following directors: (i) Mr. Shlomo Rodav, (ii) Mr. Arieh Saban, (iii) Mr. Adam Chesnoff, (iv) Mr. Fred Gluckman, (v) Mr. Elon Shalev, (vi) Mr. Sumeet Jaisinghani, (vii) Mr. Yoav Rubinstein, (viii) Mr. Ilan Ben-Dov, and (ix) Mr. Yahel Shachar.
The proposed resolutions set forth in items (4)(i) through 4(ix) (inclusive), were not approved by the required majority.
(5) to approve and ratify as a “framework transaction” an extension of the agreement to purchase
From: http://www.dailyfinance.com/2013/04/11/partner-communications-announces-the-results-of-th/
