Notice of Dividend Amount • Aug 20, 2025
Notice of Dividend Amount
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To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T081 (Public) Transmitted via MAGNA: 20/08/2025 Israel Securities Authority: www.isa.gov.il Tel Aviv Stock Exchange: www.tase.co.il Reference: 2025-01-062198
Regulation 37(a) of the Securities Regulations (Periodic and Immediate Reports), 1970
Payment date: 09/09/2025
| Eligible Security Number |
Security Name |
Dividend Amount per Security |
Dividend Amount Currency |
Payment Currency |
Representative Rate for Payment Date |
Individual Tax % |
Corporate Tax % |
|---|---|---|---|---|---|---|---|
| 627034 | Delta Ordinary Share |
0.3065 | Dollar | NIS | 08/09/2025 | 25 | 0 |
Dividend distributed by a foreign resident company (tax rates see section 7b)
| Security Number |
Security Name |
Gross Amount per Security |
Currency | Overseas Tax % |
Convention Tax % |
Individual Tax Balance in Israel % |
Corporate Tax Balance in Israel % |
|---|---|---|---|---|---|---|---|
| ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ |
| Amount to be Paid in Israel per Security |
Payment Currency |
Representative Rate for Payment Date |
Actual Individual Tax Rate in Israel % |
Actual Corporate Tax Rate in Israel % |
|
|---|---|---|---|---|---|
| ___ | ___ | ___ | ___ | ___ |
Note: The dividend amount to be paid must be specified with up to 7 decimal places when the dividend amount currency is NIS, and up to 5 decimal places when the dividend amount currency is another currency.
The dividend distribution was approved by the company's board of directors on 20/08/2025 after it was satisfied that the distribution meets the profit test and the solvency test, as defined in section 302 of the Companies Law, 1999 ("distribution tests"), that the distribution is made from the surplus balance, and that there is no reasonable concern that the distribution will prevent the company from meeting its existing and expected liabilities, known at the time of the decision, when they become due. In accordance with the Israel Securities Authority's guidance on "Disclosure upon decision to distribute a dividend", see below for further details regarding the parameters examined by the board in approving the dividend distribution, including the board's examination regarding the company's compliance with the distribution tests and with the restrictions undertaken by the company under the debenture deeds (Series 1 and Series 6). The amount approved is the amount per share, with the board noting that if company securities are exercised up to the record date, the total dividend amount will be updated.
The above distribution is not subject to court approval under 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 up to 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 agricultural/tourism enterprise (6) |
0 | 20% | 20% | 20% |
| Income from approved/preferred enterprise that submitted 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 distributed by 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) |
___ | 25% | 23% | 23% | 0% | 0% |
| Other taxable income (e.g., rent) |
___ | 47% | 23% | 23% | 23% | 0% |
| From income producing real estate for rental housing |
___ | 20% | 20% | 20% | 0% | 0% |
| Income taxed by the fund (4) |
___ | 25% | 0% | 25% | 0% | 0% |
| Extraordinary income |
___ | 70% | 70% | 70% | 60% | 70% |
| Other | ___ | ___ | ___ | ___ | ___ | ___ |
| Weighted withholding tax % |
100% | ___ | ___ | ___ | ___ | ___ |
(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 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 under section 64A4(e).
| Security Name |
Security Number |
Remarks | |
|---|---|---|---|
| Delta F |
6270086 | The current exercise price will be multiplied by the ex-rate of the share and divided by the closing price of the share on the trading day before the ex-date. ___ |
Below are details regarding the examination conducted by the board of directors in connection with the decision to distribute the above-mentioned dividend: a. The company's board of directors examined the company's compliance with the profit test, solvency test, and distribution restrictions set forth in section 302(a) of the Companies Law, 1999, as well as restrictions set forth in the debenture deeds (Series 1 and Series 6), and following this examination, approved the company's compliance with these tests regarding the said dividend distribution. b. Regarding compliance with the profit test, the board approved the said dividend distribution based on the company's surplus balance as of June 30, 2025, which exceeds the approved distribution amount. c. Regarding compliance with the solvency test, the board considered the following: data on the company's financial position as of June 30, 2025, including data on the company's liquid balances and financial debt; the company's unused bank credit lines; projected cash flow for 2025-2028; summary of dividend distribution restrictions as set forth in the debenture deeds (Series 1 and Series 6) and financial data related to these restrictions; and calculations regarding the financial covenants to which the company is subject. Following the above examination, the board approved that the company meets the solvency test regarding the said distribution. d. The board also considered the restrictions on dividend distribution as set forth in the debenture deeds (Series 1 and Series 6) and financial data related to these restrictions. This included the company's equity as of 30.6.2025 before and after the dividend distribution; the amount of profits in the 12 months ending 30.6.2025; the amount of profits considering only surpluses accumulated from 30.6.2013 and above 100 million USD; the company's net financial debt to EBITDA ratio (before and after the proposed distribution); and details of the financial capital to CAP ratio. The board approved that the said distribution complies with the detailed restrictions set forth in the debenture deeds (Series 1 and Series 6). e. In the board's assessment, the dividend distribution will not materially adversely affect the company's financial position, including its capital structure, leverage level, liquidity, and its ability to continue operating in its current business format. f. The board does not rely on the company's ability to realize assets or on financial sources derived from companies held by the company. g. The board does not rely on distribution from profits arising from the revaluation of the fair value of the company's financial assets or financial instruments, if any. h. The expected data and estimates mentioned in sections c and e above are forward-looking information as defined in the Securities Law, 1986, based on the analysis of the data detailed in section c above conducted by the company. These expectations and estimates may not materialize, in whole or in part, or may materialize in a materially different manner than expected, among other things, due to changes in economic markets in Israel and worldwide, in capital market conditions, in exchange rates, and in the various markets in which the company operates, which may affect the company's operations and results.
| # | Signatory Name |
Position |
|---|---|---|
| 1 | Yaniv Lecker |
CFO |
Explanation: 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. The staff's position on the matter can be found on the Authority's website: Click here.
Form structure update date: 15/07/2025
Short name: Delta Galil
Address: HaEshel 45, Caesarea (Industrial Park), 3088900 Phone: 076-8177064, 076-8177062 Fax: 076-8177280
Email: [email protected] Company website: www.deltagalil.com
Previous names of the reporting entity:
Electronic signatory name: Lecker Yaniv Yitzhak Position: CFO Employer company name:
Address: HaEshel 45, Caesarea, 3088900 Phone: 076-8177064 Fax: Email: [email protected]
Glossary:
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