REPL::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
25-May-2020 18:10:25
Status
Replacement
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 0.003

Event Narrative

Narrative Type
Narrative Text
Additional TextGiven the global effects of the Covid-19 and its effects on the diamond industry in particular, and given the outstanding global economic uncertainties, the Board of Directors of the Company resolved that it is prudent and advisable to reduce the amount of the recommended Final dividend payment to USD 0.003 per share (instead of USD 0.005).

Event Dates

Record Date and Time
07/07/2020 17:00:00
Ex Date
06/07/2020

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
20
Gross Rate (Per Share)
USD 0.003
Net Rate (Per Share)
USD 0.0024
Pay Date
17/07/2020
Gross Rate Status
Actual Rate

Related Announcements

Related Announcements

07/07/2020 21:09:36
07/07/2020 19:13:42
08/04/2020 16:47:15
24/02/2020 00:00:43

Applicable for REITs/ Business Trusts/ Stapled Securities