24th Aug 2009 17:08
BANK LEUMI LE-ISRAEL B.M.
(GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE
PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.)
Translation of Immediate Report
Bank Leumi le-Israel B.M.
Registration No. 520018078
Securities of the Corporation are listed on The Tel Aviv Stock Exchange
Abbreviated Name: Leumi
Leumi House, 34 Yehuda Halevi Street, Tel Aviv 65546
Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732
Electronic Mail: Yaelru@bll.co.il
23 August 2009
To: Israel Securities Authority (www.isa.gov.il)
The Tel Aviv Stock Exchange (www.tase.co.il)
Immediate Report regarding an Event or Matter falling outside the Ordinary Course of Business of the Corporation
Pursuant to Regulation 36(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970
Nature of Report: Agreement with Scailex Corporation
On 21 August 2009, the Bank signed an agreement with Scailex Corporation Ltd. ("Scailex") for the acquisition of 7,677,037 ordinary shares, constituting 4.99% of the issued and fully paid share capital of Partner Communications Ltd. (on an undiluted basis and after neutralizing dormant shares) for a consideration of NIS 514,553,405. The agreement includes standard minority protection rights and an option to purchase debentures convertible into Scailex shares in the amount of some NIS 103 million.
The agreement is conditional, inter alia, on the completion by Scailex of the transaction with Advent Investments Pte., a Singaporean corporation controlled by Hutchinson Telecommunications International Limited.
Leumi Partners Ltd. (a wholly owned subsidiary of the Bank) acted as the investment house in all aspects related to this transaction, including vis-à-vis additional potential investors, and therefore Scailex has agreed to pay Leumi Partners a finders fee in the amount of US$ 3 million, to be paid upon completion of the transaction.
Date and time at which the corporation first became aware of the event or matter:
21 August 2009 at 12:00.
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Name of Electronic Reporter: Menachem Schwartz, Position: Executive Vice President and Chief Accountant
POB 2 Tel Aviv 61000, Phone: + 972 3 5147065, Facsimile: + 972 3 5147155,
Electronic Mail: menachems@bll.co.il
Related Shares:
Citi Fun 29