B Communications Announces Payment of Dividend
A dividend of NIS 3.41 per share was approved by the Company's Board of
RAMAT GAN, Israel -- November 7, 2013
B Communications Ltd. (NASDAQ and TASE: BCOM) announced today that in a
meeting held on November 7, 2013, the Board of Directors of the Company
declared a dividend of NIS 3.41 per share (approximately $0.97 according to
the rate of exchange on November 6, 2013), and in the aggregate amount of
approximately NIS 102 million (approximately $29 million according to the rate
of exchange on November 6, 2013). Tax will be withheld at a rate of 25%.
The actual US dollar amount for dividends that will be paid in US dollars will
be converted from NIS based upon the representative rate of exchange published
by the Bank of Israel on November 18, 2013.
The record date for the distribution of the dividend will be November 18, 2013
and the payment date will be December 3, 2013.
About B Communications Ltd.
B Communications is a telecommunications-oriented holding company and its
primary holding is its controlling interest in Bezeq, The Israel
Telecommunication Corp., Israel’s largest telecommunications provider (TASE:
BEZQ). B Communications shares are traded on NASDAQ and the TASE under the
symbol BCOM. For more information please visit the following Internet sites:
This press release contains forward-looking statements that are subject to
risks and uncertainties. Factors that could cause actual results to differ
materially from these forward-looking statements include, but are not limited
to, general business conditions in the industry, changes in the regulatory and
legal compliance environments, the failure to manage growth and other risks
detailed from time to time in B Communications' filings with the Securities
Exchange Commission. These documents contain and identify other important
factors that could cause actual results to differ materially from those
contained in our projections or forward-looking statements. Stockholders and
other readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on which they are
made. We undertake no obligation to update publicly or revise any
for B Communications Ltd.
Idit Cohen – IR Manager
Investor relations contacts:
Mor Dagan - Investor Relations
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