REPL::Cash Dividend/ Distribution::Mandatory

Issuer & Securities

Issuer/ Manager: SARINE TECHNOLOGIES LTD.
Security: SARINE TECHNOLOGIES LTD - IL0010927254 - U77

Announcement Details

Announcement Title: Mandatory Cash Dividend/ Distribution
Date &Time of Broadcast: 21-Aug-2018 16:39:20
Status: Replacement
Corporate Action Reference: SG180812DVCAWLKN
Submitted By (Co./ Ind. Name): Amir J. Zolty
Designation: Company Secretary
Dividend/ Distribution Number: Not Applicable
Dividend/ Distribution Type: Interim
Financial Year End: 31/12/2018
Declared Dividend/ Distribution Rate (Per Share/ Unit): USD 0.02

Event Narrative

Narrative Type

Narrative Text

Taxation Conditions

1. The tax rate will be 20% (20% in 2017) for individual Israeli shareholders and 0% (0% in 2017) for Israeli corporate shareholders.
2. The tax rate for dividends for individual and corporate Singaporean shareholders is 10% (10% in 2017).
3. All dividend payments shall be initially subject to tax deduction at source at the rate of 20%.
4. Please see attached an announcement with regard to the procedure of submitting a request for applying a lower tax rate.

Event Dates

Record Date and Time: 21/08/2018 17:00:00
Ex Date: 17/08/2018

Dividend Details

Payment Type: Payment Rate in Gross
Taxable: Yes
Tax Rate (%): 20
Gross Rate (Per Share): SGD 0.027406
Net Rate (Per Share): SGD 0.021925
Pay Date: 31/08/2018
Currency Pair: USD/SGD
Issuer Declared Exchange Rate: 1.3703
Gross Rate Status: Actual Rate
Country of Income: Israel

Attachments

Announcement_re_Dividend_Taxation_12August2018.pdf

Total size =264K

Related Announcements

Related Announcements: 12/08/2018 21:33:26

Applicable for REITs/ Business Trusts/ Stapled Securities