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: 10-Aug-2015 17:12:33
Status: New
Corporate Action Reference: SG150810DVCAD7RF
Submitted By (Co./ Ind. Name): Amir J. Zolty
Designation: Company Secretary
Dividend/ Distribution Number: Not Applicable
Dividend/ Distribution Type: Interim
Financial Year End: 31/12/2015
Declared Dividend/ Distribution Rate (Per Share/ Unit): USD 0.015

Event Narrative

Narrative Type	Narrative Text
Additional Text	The Board of Directors has declared an interim dividend of US cents 1.50 per ordinary share for the half-year ended June 30, 2015.
Taxation Conditions	The tax rate shall be 20% for individual Israeli shareholders and 0% for Israeli corporate shareholders. The tax rate for individual and corporate Singaporean shareholders shall be 10%.

Event Dates

Record Date and Time: 01/09/2015 17:00:00
Ex Date: 28/08/2015

Dividend Details

Payment Type: Payment Rate in Gross
Taxable: Yes
Tax Rate (%): 10
Gross Rate (Per Share): USD 0.016667
Net Rate (Per Share): USD 0.015
Pay Date: 10/09/2015
Gross Rate Status: Actual Rate

Related Announcements

Related Announcements: 31/08/2015 21:44:59
12/08/2015 00:08:02

Applicable for REITs/ Business Trusts/ Stapled Securities