A dividend of NIS 0.73 per share was approved by the Company's
Board of Directors
B Communications Ltd. (NASDAQ and TASE: BCOM) announced today that in a
meeting held on this date, the Board of Directors of the Company
declared a dividend of NIS 0.73 per share (approximately $0.19 according
to the rate of exchange on August 31, 2015) and approximately NIS 22
million (approximately $6 million) in the aggregate.
The actual amount of dividends to be paid in US$ will be converted from
NIS based upon the representative rate of exchange published by the Bank
of Israel on September 16, 2015. The dividend will be payable to all of
the Company’s shareholders of record at the end of the NASDAQ trading
day on September 16, 2015. The payment date will be September 29, 2015.
Doron Turgeman, CEO of B Communications, said today: “The Board’s
decision to distribute a dividend of NIS 22 million (approximately $6
million), as well as the decisions of the rating agencies to affirm our
credit rating, reflects the significant improvements we have made to our
capital structure. With our balance sheet in good shape, we believe now
is the right time to return capital to our shareholders, while
continuing to maintain sufficient resources to service our debt."
About B Communications Ltd.
B Communications is a holding company with a controlling interest in
Israel’s largest telecommunications provider, Bezeq, The Israel
Telecommunication Corp. (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:
www.bcommunications.co.il
www.ir.bezeq.co.il
www.eurocom.co.il
www.igld.com
Forward-Looking Statements
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 forward-looking statement.
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