Issuer/ Manager | SARINE TECHNOLOGIES LTD. |
Security | SARINE TECHNOLOGIES LTD - IL0010927254 - U77 |
REPL::Cash Dividend/ Distribution::Mandatory Issuer & Securities
Announcement Details
Announcement THle | Mandatory Cash Dividend/ Distribution |
Date & Time of Broadcast | 29-Feb-2016 17:26:36 |
Status | Replacement |
Corporate Action Reference | SG160229DVCAZD03 |
Submitted By (CoJInd.Name) | Amir Jacob 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
TypeNarrative Text
1The tax rate will be 20% for individual Israeli shareholders and 0% (10% in 2014) for Israeli corporate shareholders.
The tax rate for the dividends for individual and corporate Singaporean shareholders is 10%.
Commencing with payments made in 2016, payment to shareholders of dividends distributed by the
Taxation Company will be subject to tax deduction at source at the rate of 20% in 2016, in compliance with Israelitax Conditionsdirectives. 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.
Further details shall be provided by the Company prior to the Book Closure Date.
Event Dates
Record Date and Time | 29/04/2016 17:00:00 |
Ex Date | 27/04/2016 |
Dividend Detalls
Payment Type | Payment Rate in Gross |
Taxable | Yes |
Tax Rate (%) | 20 |
Gross Rate (Per Share) | USD 0.015 |
Net Rate {Per Share) | USD 0.012 |
Pay Date | 13/05/2016 |
Gross Rate Status | Actual Rate |
Related Announcement& I
. 29/02/2016 16:23:04
I
Applicable for REITs/ Business Trusts/ Stapled Securities
Sarine Technologies Ltd. issued this content on 29 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 February 2016 11:15:05 UTC
Original Document: http://ir.listedcompany.com/tracker.pl?type=6&id=513490