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
24-Feb-2020 00:00:43
Status
New
Corporate Action Reference
SG200223DVCAFU6F
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Final
Financial Year End
31/12/2019
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.005

Event Narrative

Narrative Type
Narrative Text
Additional TextOn its meeting of 23 February 2020, the Board of Directors of Sarine Technologies Ltd.
(the "Company") has recommended that in the Annual General meeting of the Company
(scheduled to be held on 20 April 2020) the Company's shareholders shall resolve to distribute a
cash dividend of US$ 0.005 per share.

Event Dates

Record Date and Time
06/05/2020 17:00:00
Ex Date
05/05/2020

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
20
Gross Rate (Per Share)
USD 0.005
Net Rate (Per Share)
USD 0.004
Pay Date
15/05/2020
Gross Rate Status
Actual Rate

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Applicable for REITs/ Business Trusts/ Stapled Securities