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-Feb-2019 17:19:50
Status
Replacement
Corporate Action Reference
SG190224DVCA9VI1
Submitted By (Co./ Ind. Name)
Amir J. Zolty
Designation
Company Secretary
Dividend/ Distribution Number
Not Applicable
Dividend/ Distribution Type
Final
Financial Year End
31/12/2018
Declared Dividend/ Distribution Rate (Per Share/ Unit)
USD 0.01

Event Narrative

Narrative Type
Narrative Text
Narrative version1. The tax rate will be 20% (20% in 2018) for individual Israeli shareholders and 0% in 2018) for Israeli corporate shareholders.
2. The tax rate for dividends for individual and corporate Singaporean shareholders is 10% (10% in 2018).
3. Payments to shareholders of dividends distributed by the Company will be subject to a 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. Details regarding the application procedure shall be provided by the
Company in the formal dividend announcement posted on the SGX.

Please note that the dividend amount is in gross and subject to tax deduction as aforesaid.

Event Dates

Record Date and Time
08/05/2019 17:00:00
Ex Date
07/05/2019

Dividend Details

Payment Type
Payment Rate in Gross
Taxable
Yes
Tax Rate (%)
20
Gross Rate (Per Share)
USD 0.01
Net Rate (Per Share)
USD 0.008
Pay Date
17/05/2019
Gross Rate Status
Actual Rate
Country of Income
Israel

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Applicable for REITs/ Business Trusts/ Stapled Securities