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
27-Feb-2018 18:48:55
Status
New
Corporate Action Reference
SG180227DVCAHQYB
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
0
Dividend/ Distribution Type
Final
Financial Year End
31/12/2017
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.015

Event Narrative

Narrative Type
Narrative Text
Narrative version1. The tax rate will be 20% (20% in 2017) for individual Israeli shareholders and 0% (0% in 2017) for Israeli corporate shareholders.
2. The tax rate for the dividends for individual and corporate Singaporean shareholders is 10% (10% in 2017).
3. Payments of dividends distributed by the Company to shareholders will be subject to tax deduction at source at the rate of 20%, in compliance with Israeli tax directives. Tax amounts deducted from dividend payments will be deposited with a trustee. A shareholder claiming eligibility for preferential tax treatment on dividend payments pursuant to Israeli tax laws or international tax treaties may apply to the trustee within 30 days of the distribution date providing all necessary details and documents, for reimbursement of excess deduction, subject to verification of such eligibility.
Further details shall be provided by the Company prior to Book Closure Date.

Event Dates

Record Date and Time
02/05/2018 17:00:00
Ex Date
27/04/2018

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
20
Gross Rate (Per Share)
USD 0.015
Net Rate (Per Share)
USD 0.012
Pay Date
10/05/2018
Gross Rate Status
Actual Rate
Country of Income
Israel

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