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
12-Aug-2018 21:33:26
Status
New
Corporate Action Reference
SG180812DVCAWLKN
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Interim
Financial Year End
31/12/2018
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.02

Event Narrative

Narrative Type
Narrative Text
Taxation Conditions1. 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 dividends for individual and corporate Singaporean shareholders is 10% (10% in 2017).
3. All dividend payments shall be initially subject to tax deduction at source at the rate of 20%.
4. Please see attached an announcement with regard to the procedure of submitting a request for applying a lower tax rate.

Event Dates

Record Date and Time
21/08/2018 17:00:00
Ex Date
17/08/2018

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
20
Gross Rate (Per Share)
USD 0.02
Net Rate (Per Share)
USD 0.016
Pay Date
31/08/2018
Gross Rate Status
Actual Rate
Country of Income
Israel

Attachments

Related Announcements

Related Announcements

21/08/2018 16:39:20

Applicable for REITs/ Business Trusts/ Stapled Securities