REPL::Cash Dividend/ Distribution::Mandatory

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.

  1. The tax rate for the dividends for individual and corporate Singaporean shareholders is 10%.

  2. 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