Internet Gold Announces Update Regarding Motion to Certify a Claim as a Derivative Claim with respect of B Communications Ltd...
July 19 2019 - 5:01AM
Internet Gold - Golden Lines Ltd. (the “
Company”
or “
Internet Gold”) (NASDAQ Global Select Market
and TASE: IGLD).
As detailed in the Company’s public announcement
dated July 29, 2016 and in the updated description included in Item
8 (Legal Proceedings) in the Company’s 2018 Periodic Report (20F
report), on July 2016, a motion to certify a claim as a derivative
claim was filed with the Tel Aviv-Jaffa District Court (the
“Court”) in which B Communications Ltd.
("BCOM"), the Company and members of BCOM’s Board
of Directors were named as respondents, alleging that BCOM has
unlawfully distributed dividend on June 2016.
On July 18, 2019 the Court has approved the
filing of the claim as a derivative claim with respect to the
Company and dismissed the claim against the members of BCOM's Board
of Directors.
The Company is examining the decision.
About Internet Gold
Internet Gold is a telecommunications-oriented
holding company whose principal asset is a 51.95% stake in B
Communications Ltd., the owner of 26.34% of outstanding shares of
Bezeq The Israel Telecommunication Corporation Limited, the leading
communications group in Israel. For more information, please visit
the following Internet sites:
www.igld.comwww.bcommunications.co.ilwww.ir.bezeq.co.il
Forward-Looking Statements
This press release contains forward-looking
statements that are subject to risks and uncertainties. Factors
that could cause actual results to differ materially from these
forward-looking statements include, but are not limited to, general
business conditions in the industry, changes in the regulatory and
legal compliance environments, the failure to manage growth and
other risks detailed from time to time in the Company’s filings
with the Securities Exchange Commission. These documents
contain and identify other important factors that could cause
actual results to differ materially from those contained in our
projections or forward-looking statements. Stockholders and other
readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly
or revise any forward-looking statement.
For further information, please contact:
Yuval Snir– IR
Manager
yuval@igld.com / Tel: +972-3-924-0000
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