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