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
08-Aug-2016 18:06:47
Status
New
Corporate Action Reference
SG160808DVCAM093
Submitted By (Co./ Ind. Name)
Amir Jacob Zolty
Designation
Company Secretary
Dividend/ Distribution Number
Applicable
Value
0
Dividend/ Distribution Type
Interim
Financial Year End
30/12/2016
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.02

Event Narrative

Narrative Type
Narrative Text
Taxation Conditions1 The tax rate will be 20% for individual Israeli shareholders (20% in 2015) and 0% (0% in 2015) for Israeli corporate shareholders.
2 The tax rate for the dividends for individual and corporate Singaporean shareholders is 10%.

Event Dates

Record Date and Time
25/08/2016 17:00:00
Ex Date
23/08/2016

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
10
Gross Rate (Per Share)
USD 0.02
Net Rate (Per Share)
USD 0.018
Pay Date
08/09/2016
Gross Rate Status
Actual Rate

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25/08/2016 20:55:31

Applicable for REITs/ Business Trusts/ Stapled Securities