WD::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 19:04:40
Status
Withdraw
Corporate Action Reference
SG160419DVCAOE8R
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 ConditionsFurther to the Company's announcement of 29 February 2016 (16:23:04) and following discussions with the Israeli tax authorities, the following tax rates shall apply to this dividend payment:
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 Singaporean shareholders is 10%.

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
No
Gross Rate (Per Share)
USD 0.0135
Net Rate (Per Share)
USD 0.0135
Pay Date
09/05/2016
Gross Rate Status
Actual Rate

Reason(s) for Withdrawal

Reason(s) for Withdrawal
This announcement will be replaced by an updated announcement on 20 April 2016.

Related Announcements

Related Announcements

19/04/2016 23:27:14

Applicable for REITs/ Business Trusts/ Stapled Securities