Cash Dividend/ Distribution::Mandatory

Issuer/ Manager

SARINE TECHNOLOGIES LTD.

Security

SARINE TECHNOLOGIES LTD - IL0010927254 - U77

Cash Dividend/ Distribution::Mandatory Issuer & Securities


Announcement Details


Announcement Title

Mandatory Cash Dividend/ Distribution

Date & Time of Broadcast

19-Apr-2016 23:27:14

Status

New

Corporate Action Reference

SG160419DVCAOE8R

Submitted By (CoJInd.Name)

Amir J. Zolty

Designation

Company Secretary

Dividend/ Distribution Number

Applicable

Value

0

Dividend/ Distribution Type

Final

FinancialYear End

31/12/2015

Declared Dividend/ Distribution Rate (Per Share/ Unit)


USD 0.015


Event Narrative


Narrative

Type Narrative Text

Further to the Company's announcement of 29 February 2016 (16:23:04) and following discussions with the Taxation Israeli tax authorities, the following tax rates shall apply to this dividend payment:

Conditions 1.The tax rate will be 20% for individual Israeli shareholders and 0% for Israeli corporate shareholders.

2. The tax rate for individual and corporate Singaporean shareholders is 10%.


Event Dates


Record Date and Time

29/04/2016 17:00:00

Ex Date

27/04/2016


Dividend Details


Payment Type

Payment Rate in Gross

Taxable

No

Gross Rate (Per Share)

USD 0.0135

Net Rate (Per Share)

USD 0.0135

Pay Date

09/05/2016

Gross Rate Status

Actual Rate

Applicable for REITs/ Business Trusts/ Stapled Securities

Sarine Technologies Ltd. issued this content on 19 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 02:46:14 UTC

Original Document: http://ir.listedcompany.com/tracker.pl?type=6&id=521084