Important Announcement from Cellcom Israel Ltd.
Cellcom Israel Ltd. (TASE: CEL) has officially announced the convening of a significant general meeting for its shareholders. This meeting is scheduled to occur on Thursday, June 26, 2025, at 3:00 p.m., local time, at the company’s offices located at 10 Ha'gavish Street, Netanya. Should any necessary adjournments arise, a second meeting will be held on July 3, 2025, at the same time and location.
Meeting Agenda Highlights
The agenda for this important gathering includes two primary items. First on the list is the approval of the Compensation Policy for company officers, which will cover a period of three years starting from the date the general meeting grants its approval. This policy aims to align the compensation structure with the company’s strategic goals and enhance governance transparency.
CEO Employment Terms Update
The second item focuses on updating the terms of employment for the company’s Chief Executive Officer, Mr. Eli Adadi. The proposed changes concerning the target bonus mechanism will depend on the ratification of the updated Compensation Policy, which is to be discussed in the first agenda item. This ensures a thorough review of both elements in alignment with the shareholders’ interests.
Voting Instructions for Shareholders
To facilitate participation, the voting cards and all related documents were published recently and can be accessed via the Magna distribution site. It’s vital for shareholders to review these documents in advance to understand the voting process. Specifically, shareholders whose shares are held through members of the Depositary Trust Company or those registered directly with the company must pay special attention to Section 4.10 of the summoning statement. This section contains essential instructions for the voting procedure.
Electronic Voting Options
Additionally, unregistered shareholders can utilize an Electronic Voting System, making it easier for them to indicate their preferences. Voting through this electronic method will be available until six hours before the meeting starts, ensuring that all shareholders have an adequate opportunity to participate.
Delivery of Voting Documents
Shareholders are reminded that their completed voting cards, along with any required accompanying documentation, must be delivered to the company’s offices - either in person or by registered mail. The cutoff for this submission is four hours prior to the assembly time. It’s crucial for the shareholders to ensure their participation is counted.
Company Contact Information
The Chief Financial Officer of Cellcom Israel, Gadi Attias, is the primary point of contact for any inquiries regarding the meeting. Shareholders can reach him directly by telephone. The Investor Relations Manager, Elad Levy, is also available for questions related to investment and shareholding. Both contacts are readily accessible to assist shareholders as needed.
Frequently Asked Questions
What is the purpose of the special general meeting?
The meeting is intended to discuss and approve the Compensation Policy for company officers and to review updated employment terms for the CEO.
When will the meeting occur?
The meeting is scheduled for Thursday, June 26, 2025, at 3:00 p.m., with a potential adjournment meeting on July 3, 2025.
How can shareholders vote?
Shareholders can vote via an Electronic Voting System or by submitting a completed voting card to the company’s offices.
What is the deadline for delivering voting documents?
All voting documents must be submitted no later than four hours before the meeting starts.
Who can I contact for more information?
Shareholders can contact Gadi Attias, CFO, or Elad Levy, Investor Relations Manager, for any inquiries regarding the special meeting.
