Regulatory Filings • Dec 17, 2018
Regulatory Filings
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2 Dov Friedman Street, Ramat Gan 5250301, Israel (Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
99.1 Report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications Ltd., itself a subsidiary of the Registrant, filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Immediate Report - Approval of Early Retirement Program for Employees.
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
INTERNET GOLD-GOLDEN LINES LTD. (Registrant)
By: /s/ Doron Turgeman
Doron Turgeman Chief Executive Officer
Date: December 17, 2018
99.1 Report of Bezeq - The Israel Telecommunication Corp. Ltd., a controlled subsidiary of B Communications Ltd., itself a subsidiary of the Registrant, filed with the Israel Securities Authority and the Tel Aviv Stock Exchange - Immediate Report - Approval of Early Retirement Program for Employees.
("Bezeq")
To: Israel Securities Authority Tel Aviv Stock Exchange Ltd.
Tel Aviv, Israel – December 16, 2018 – Bezeq The Israel Telecommunication Corp., Ltd. (TASE: BEZQ), announced today that the Company's Board of Directors approved a budget of NIS 263 million for early retirement in the Company in order to carry out the streamlining program for 2019, mainly for the retirement of 243 tenured employees (long-standing and new) in accordance with the terms of the collective labor agreement between the Company, the labor union and the Histadrut (New General Federation of Workers) dated December 2006 with modifications (see section 2.9.4 of the Description of the Company's Business in the Company's 2017 Annual Periodic Report) ("the Collective Agreement").
In addition, the Company's Board approved a provision of NIS 249 million for the early retirement program, until the end of the Collective Agreement period (end of 2021), for all employees of the Company who were transferred to the Company from the Ministry of Communications (94 employees).
In light of the foregoing, the Company is expected to record in its 2018 financial statements a provision of NIS 512 million (in addition to the provision of NIS 90 million recorded in the Company's financial statements for Q1 and Q2 2018 for approval of early retirement of employees). Total provisions for early retirement are expected to reduce the Company's net profit for 2018 by approximately NIS 464 million.
The above information constitutes a translation of the Immediate Report published by the Company. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law and represents the binding version and the only one having legal effect. This translation was prepared for convenience purposes only.
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