Share Buy Back - Daily Share Buy-Back Notice::Daily Share Buy-Back Notice 7 July 2022
Issuer & Securities
Issuer/ Manager
SARINE TECHNOLOGIES LTD.
Securities
SARINE TECHNOLOGIES LTD - IL0010927254 - U77
Stapled Security
No
Announcement Details
Announcement Title
Share Buy Back - Daily Share Buy-Back Notice
Date &Time of Broadcast
07-Jul-2022 22:57:21
Status
New
Announcement Sub Title
Daily Share Buy-Back Notice 7 July 2022
Announcement Reference
SG220707OTHR70L4
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Effective Date and Time of the event
07/07/2022 17:00:00
Description (Please provide a detailed description of the event in the box below)
1, Please note that Sarine Technologies Ltd . (the "Company") bought-back 40,000 shares today, 7 July 2022.
2, Please note that, in line with the Company's best practices on dealings in securities, and as noted in the Company's annual report for the year ended on 31 December 2021 and in the Company's circular of 4 April 2022, the Company will suspend its buy-back activity, commencing as of end of trade tomorrow, 8 July 2022 until the announcement of its financial results of Q2 2022 (and H1 2022).
Additional Details
Start date for mandate of daily share buy-back
26/04/2022
Section A
Name of Overseas exchange where company has dual listing
Tel Aviv Stock Exchange
Maximum number of shares authorised for purchase
17,554,514
Purchase made by way of market acquisition
Yes
Singapore Exchange
Overseas Exchange
Date of Purchase
07/07/2022
07/07/2022
Total Number of shares purchased
40,000
0
Number of shares cancelled
0
0
Number of shares held as treasury shares
40,000
0
Highest/ Lowest price per share
Highest Price per share
SGD 0.415
ILS 0
Lowest Price per share
SGD 0.41
ILS 0
Total Consideration (including stamp duties, clearing changes etc) paid or payable for the shares
SGD 16,611.11
ILS 0
Section B
Purchase made by way of off-market acquisition on equal access scheme
No
Section C
Cumulative No. of shares purchased to date^
Number
Percentage#
By way of Market Acquisition
651,700
0.19
By way off Market Acquisition on equal access scheme
0
0
Total
651,700
0.19
#Percentage of company's issued shares excluding treasury shares as at the date of the share buy-back resolution
^From the date on which share buy-back mandate is obtained
Section D
Number of issued shares excluding treasury shares after purchase
350,620,795
Number of treasury shares held after purchase
5,041,900
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