A dividend of NIS 11.88 per share was approved by the Company's Board of Directors
PR Newswire
RAMAT GAN, Israel, May 26, 2016
RAMAT GAN, Israel, May 26, 2016
/PRNewswire/ --
B Communications Ltd. (NASDAQ and TASE: BCOM) announced today that in a meeting held on May
25, 2016 the Board of Directors of the Company declared a dividend of NIS 355 million
(approximately $92 million), or NIS 11.88 (approximately $3.07) per share.
The actual amount of dividends to be paid in USD will be converted from NIS based upon the representative rate of exchange
published by the Bank of Israel on June 15, 2016. The dividend
will be payable to all of the Company's shareholders of record at the end of the NASDAQ trading day on June 15, 2016. The payment date will be June 29, 2016.
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:
http://www.bcommunications.co.il
http://ir.bezeq.co.il/
http://www.eurocom.co.il
http://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.
For further information, please contact:
Idit Cohen - IR Manager
idit@igld.com / Tel: +972-3-924-0000
Investor relations contacts:
ISRAEL
Hadas Friedman - Investor Relations
Hadas@km-ir.co.il / Tel: +972-3-516-7620
SOURCE B Communications Ltd.