Partner Communications company Ltd. (NASDAQ:PTNR) (TASE:PTNR) (NASDAQ and TASE: PTNR), an Israeli communications operator, has reported that following the company´s announcement of a share buy-back plan of up to an aggregate amount of NIS 200 million of its ordinary shares which are traded on the Tel Aviv Stock Exchange (“the Plan”), as of August 5, 2018, the company has completed the repurchase of the first tranche of the Plan, in the amount of NIS 50 million (including commissions), the company said.
In accordance with the Plan, the company has repurchased 3,636,190 of its ordinary shares at an average price per share of NIS 13.75 (including commissions). As of this date, the company´s treasury shares totals an amount of 5,022,493.
The implementation of subsequent tranches under the Plan will be subject to approval of the company´s board of directors.
Partner Communications Company Ltd. is an Israeli provider of telecommunications services (cellular, fixed-line telephony, Internet services and television services).