- To sell an aggregate of 785.5K shares of the Company, constituting approximately 0.8% of the Company's issued share capital, to a financial institution.
- The shares had been issued by the Company to such employees and officers upon their exercise of vested options granted by the Company under its 2006 Share Incentive Plan.
- Approximately half of the options granted under the Plan have now vested and been exercised. The sale is scheduled to be completed today. The Company understands that the purchaser intends to place such shares for sale outside the United States to non-US investors.

Other headlines for [CEL]

• CEL 12/16/2008 02:26am
  Cellcom Court dismisses class action suit- A purported class action filed against the Company (and another Israeli cellular operator) in the District Court of Tel-Aviv-Jaffa on December 2002, in connection more...
  
• CEL 12/11/2008 06:36am
  Cellcom Update: Discount Investment Corp sells additional 1M shares for ILS86.50/shr- Note: Offering is an addition to the sale of 2.3% stake announced earlier
  
• CEL 12/11/2008 02:58am
  Cellcom Discount investment to sell 2.3M shares of its stake in firm (currently holds 46.4M shares)- Sale in block trade at minimum of ILS86.50/share
  
• CEL 11/12/2008 02:41am
  Cellcom Israel unit announces Sale of 0.8% of its Issued Share Capital by Option Holders- To sell an aggregate of 785.5K shares of the Company, constituting approximately 0.8% of the Company's issued share more...
  
• CEL 11/10/2008 04:57am
  Cellcom Reports Q3 $0.72 v $0.65e, R $482M v $440Me- Q3 Churn 4.4% v 3.6% y/y - Q3 New subscriber adds 40K - Q3 ARPU $45.1 v $45.5 y/y - Q3 MOU 375.4 v 375.7 y/y
  

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