Supplementary Immediate Report – Voluntary retirement plan at Bezeq International
Bezeq - The Israel Telecommunications Corp. Ltd.
(the “Company”)
November 13, 2022
Attn.
Israel Securities Authority
The Tel Aviv Stock Exchange Ltd.
Dear Madam/Sir,
Supplementary Immediate Report – Voluntary Retirement Plan at Bezeq International Ltd.
Further to the Company’s Immediate Report of October 3, 2022 regarding the approval of the voluntary retirement plan for the employees of Bezeq International Ltd. (hereinafter: “Bezeq International”) in 2022-2024, a Supplementary Report is hereby issued, that as from November 13, 2022, Bezeq International is expected to approve voluntary retirement for Bezeq International employees in most of the estimated cost of the plan (NIS 70 million).
It is expected that most of the expense for the Voluntary Retirement Plan will be recognized in the fourth quarter of 2022.
Yours sincerely,
“Bezeq” The Israel Telecommunication Corp Limited
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.