Cellcom Israel to sell around 0.93% of issued share capital by option holders Cellcom Israel announced that employees and members of senior management of the company have entered into agreements to sell an aggregate of 933,348 shares of the company, constituting approximately 0.93% of the company's issued share capital, to financial institutions. The shares had been issued by the company to such employees and senior management upon their exercise of vested options granted by the company under its 2006 Share Incentive Plan. The sale is scheduled to be completed today. The company understands that the purchasers intend to place such shares for sale outside the United States to non-US investors.The shares have not been and will not be registered under the U.S. Securities Act of 1933. Accordingly, the shares may not be offered or sold in the United States or to, or for the account or benefit of, a U.S. person.