Notice of Dividend Amount • Aug 25, 2025
Notice of Dividend Amount
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Registration Number: 520034356
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T081 (Public) Sent via MAGNA: 25/08/2025 Israel Securities Authority website: www.isa.gov.il Tel Aviv Stock Exchange website: www.tase.co.il Reference: 2025-01-063209
Regulation 37(a) of the Securities Regulations (Periodic and Immediate Reports), 1970
Payment date: 03/09/2025
| Security Number |
Security Name |
Dividend Amount per Security |
Dividend Amount Currency |
Payment Currency |
Representative Rate for Payment Date |
Individual Tax % |
Corporate Tax % |
|---|---|---|---|---|---|---|---|
| 175018 | Ordinary Share |
1.831838 | NIS | NIS | ___ | 25 | 0 |
Dividend distributed from a foreign resident company (see section 7b for tax rates)
Note: The dividend amount to be paid must be specified to a precision of up to 7 digits after the decimal point when the dividend amount currency is NIS, and up to 5 digits after the decimal point when the dividend amount currency is another currency.
The above distribution is not subject to court approval according to section 303 of the Companies Law: No
The final dividend amount per share is subject to changes due to _________.
Note: The final dividend amount per share can be updated up to 2 trading days before the record date.
| % of Dividend |
Individuals | Companies | Foreign Residents |
|
|---|---|---|---|---|
| Income subject to corporate tax (1) |
100 | 25% | 0% | 25% |
| Income originating overseas (2) |
0 | 25% | 23% | 25% |
| Income from approved/preferred enterprise (3) |
0 | 15% | 15% | 15% |
| Income from Irish privileged enterprise until 2013 (4) |
0 | 15% | 15% | 4% |
| Income from Irish privileged enterprise from 2014 (5) |
0 | 20% | 20% | 4% |
| Preferred income |
0 | 20% | 0% | 20% |
| Income from approved tourism/agricultural enterprise (6) |
0 | 20% | 20% | 20% |
| Income from approved/preferred enterprise that submitted a waiver notice (7) |
0 | 15% | 0% | 15% |
| classified Distribution as capital gain |
0 | 25% | 23% | 0% |
| Distribution by Participating unit |
0 | 0 | 0 | 0 |
| Other | 0 | 0 | 0 | 0 |
Explanation: (1) Income subject to corporate tax – income from profit distribution or dividend originating from income produced or accrued in Israel, received directly or indirectly from another entity subject to corporate tax. (2) Income originating overseas is income produced or accrued abroad and not taxed in Israel. (3) Including income from a preferred tourism enterprise with a selection/operation year up to 2013. (4) Irish privileged enterprise with a selection year up to 2013. (5) Irish privileged enterprise with a selection year from 2014 onwards. (6) Including income from a preferred tourism enterprise with a selection/operation year from 2014 onwards. (7) Approved or preferred enterprise that submitted a waiver notice by 30.6.2015, after corporate tax was deducted.
| Individuals | Companies | Foreign Residents |
|
|---|---|---|---|
| Dividend from a foreign resident company |
25% | 23% | 0% |
| % of Dividend |
Individuals (1) |
Companies | Foreign Resident Companies |
Exempt Trust Fund |
Pension Fund (2) |
|
|---|---|---|---|---|---|---|
| From real estate appreciation, capital gain, and depreciation (3) |
0 | 25% | 23% | 23% | 0% | 0% |
| Other taxable income (e.g., rent) |
0 | 47% | 23% | 23% | 23% | 0% |
| From income producing real estate for rental housing |
0 | 20% | 20% | 20% | 0% | 0% |
| Income taxed by the fund (4) |
0 | 25% | 0% | 25% | 0% | 0% |
| Extraordinary income |
0 | 70% | 70% | 70% | 60% | 70% |
| Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Weighted withholding tax rate |
100% | 0 | 0 | 0 | 0 | 0 |
(1) Individuals – including taxable trust fund income, foreign resident individuals. (2) Pension fund for pension, provident, or compensation as defined in the Income Tax Ordinance, as well as a foreign pension fund or trust fund resident in a reciprocating country. (3) From real estate appreciation or capital gain, except from the sale of real estate held for a short period, and from income in the amount of depreciation expenses. (4) Distribution from income taxed by the fund according to section 64A4(e).
| Security Name |
Security Number |
Remarks |
|---|---|---|
| I.B.I Employee Option |
1750132 | Other. The exercise price of the options will be adjusted by the full dividend amount paid per share. |
| I.B.I Other Options |
1211689 | Other. The exercise price of the options will be adjusted by the full dividend amount paid per share. |
The company's board of directors examined the company's compliance with the profit test and the solvency test as defined in section 302 of the Companies Law, 1999, and found that the company meets these tests regarding the dividend distribution as detailed below.
Regarding the profit test, the board approved the dividend distribution based on the company's retained earnings (as defined in section 302(b) of the Companies Law) as of June 30, 2025, which exceeds the dividend amount (balance before distribution of 681 million NIS).
Regarding the solvency test, the board examined, among other things, the company's financial information as of June 30, 2025: the company's solo liquid assets (current assets of 481 million NIS, including cash and short-term investments of 165 million NIS), the company's capital structure (equity to balance sheet ratio of 70%), and its liabilities (longterm liabilities of 161 million NIS and current liabilities of 209 million NIS). The board noted that the company meets the financial covenants it has committed to and will continue to do so after the distribution. The board also examined data regarding the company's profits, the scope of the distribution, its liquidity level, sources for meeting existing and expected obligations (positive working capital), cash balances (including dividends from subsidiaries), the company's liabilities and their maturity dates, as well as the company's investment plans and additional financing sources available if needed. In light of the above, the board believes there is no reasonable concern that the distribution will prevent the company from meeting its existing and expected obligations as they become due. The board also found that the distribution does not materially adversely affect the company's balance sheet structure, financial strength, leverage level, or its ability to continue operating in its current business format and implement its investment plans.
| # | Name | Position |
|---|---|---|
| 1 | Dave Lubetzky |
CEO |
| 2 | Shlomi Khanam |
Other (Chief Accountant) |
Note: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these regulations must be signed by those authorized to sign on behalf of the corporation. Staff position on the matter can be found on the Authority's website: Click here.
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
Form structure update date: 15/07/2025
Short name: I.B.I INVESTMENT HOUSE LTD
Address: 9 Ahad Ha'am St., Migdal Shalom, Tel Aviv 61291 Phone: 03-5193444, Fax: 03- 5175411 Email: [email protected]
Previous names of the reporting entity: Gachelet Investment Company Ltd.
Electronic reporter name: Avner Chait Coral Position: Legal Advisor and Company Secretary Employer company name:
Address: 9 Ahad Ha'am St., Tel Aviv 61219101 Phone: 03-5193857, Fax: 03-5193857 Email: [email protected]
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