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: 20-Apr-2016 20:03:09
Status: New
Corporate Action Reference: SG160420DVCAQZ8D
Submitted By (Co./ Ind. Name): Amir J. Zolty
Designation: Company Secretary
Dividend/ Distribution Number: Applicable
Value: 0
Dividend/ Distribution Type: Final
Financial Year End: 31/12/2015
Declared Dividend/ Distribution Rate (Per Share/ Unit): USD 0.015

Event Narrative

Narrative Type	Narrative Text
Taxation Conditions	1. The tax rate will be 20% for individual Israeli shareholders and 0% for Israeli corporate shareholders. 2. The tax rate for individual and corporate shareholders in Singapore is 10%. 3.This announcement supersedes previous announcements posted by the Company on 29 February 2016 and 19 April 2016.

Event Dates

Record Date and Time: 29/04/2016 17:00:00
Ex Date: 27/04/2016

Dividend Details

Payment Type: Payment Rate in Gross
Taxable: Yes
Tax Rate (%): 10
Gross Rate (Per Share): USD 0.015
Net Rate (Per Share): USD 0.0135
Pay Date: 13/05/2016
Gross Rate Status: Actual Rate

Related Announcements

Related Announcements: 02/05/2016 18:18:13

Applicable for REITs/ Business Trusts/ Stapled Securities