Notice of Dividend Amount • Dec 1, 2025
Notice of Dividend Amount
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Registration number: 520033234
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd.
Form No.: T082 (Public)
Transmitted via MAGNA: 01/12/2025
Reference: 2025-01-095067
2.
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
| Field | Value |
|---|---|
| Type of entitling security | Share |
| TASE security number (entitling) | 126011 |
| Type of received security | Share |
| TASE security number (received) | |
| Quantity of securities received per each entitling security |
00 |
| Other details | The precise quantity of securities received for each entitled security is 0.1208932 |
Ex-date: 04/12/2025
Dividend distribution date: 08/12/2025
According to standard practice, if the dividend in kind is actually carried out on the first trading day, the value of the dividend to the entitled shareholder will be calculated based on the closing price of each share at the end of the first trading day. Therefore, the value of the dividend in kind distributed will be determined according to the multiplication of the amount of Orion shares by the closing price of the Orion share at the end of the first trading day. The value of the dividend distributed will be regarded as a dividend receipt in the hands of each shareholder, and the tax thereon will be withheld in accordance with the identity of the shareholder and in accordance with the Income Tax Regulations (Withholding from Interest, Dividend and Certain Profits), 2005.
The remaining profits of the corporation, as defined in section 302 of the Companies Law 1999, after this distribution, are: 2,225,000,000 NIS _________
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
The dividend distribution is executed in accordance with a shelf prospectus, a split prospectus, and a distribution as a dividend in kind, and a shelf prospectus published by Orion Commercial Properties Ltd. on 27.11.2025. The distribution was approved by the board of directors of the company in its meeting on 27.11.25, during which a discussion was held, based on the company's financial statements as of 30.9.25 and additional information (as detailed below), as well as management's review. The board examined the company's compliance with the distribution tests set out in section 302 of the Companies Law, 1999. Among other things, the board examined the company's distributable profits, amounting to approximately NIS 2,352 million (after the distribution: approx. NIS 2,225 million), the company's short- and long-term liabilities, and the financial resources at its disposal, including cash balances and approved credit lines, all as detailed in the company's reports. The company's and its wholly owned subsidiaries' projected cash flow ("expanded solo") until the end of 2028 were also presented, as well as sensitivity analyses regarding the assumptions underlying the projected cash flow, including changes in the amounts to be received from subsidiaries, changes in the scope of fundraising by the company, and so forth. Based on the information presented to the board, it was determined that the company meets the distribution tests.
| Name | Position |
|---|---|
| Gil Kotler | CFO |
| Revital Kahlon | Other - CFO, Legal Advisor and Company Secretary |
This is an unofficial AI generated translation of the official Hebrew version and has no binding force. The only binding version is the official Hebrew version. For more information, please review the legal disclaimer.
Explanation: According to Regulation 5 of the Periodic and Immediate Reports Regulations (1970), a report submitted under these rules must be signed by those authorized to sign on behalf of the corporation. The staff's position on this matter can be found on the authority's website: Click here.
Short Name: G CITY
Address: 8 Aharon Becker St., Tel Aviv, 6964316
Phone: 03-6948000 Fax: 03-6961910
Email: [email protected]
Company Website: www.gazitglobe.com
Previous names of the reporting entity: Gazit Globe Ltd., Gazit Globe (1982) Ltd., Glob-Ret Investments Ltd.
Electronic reporter name: Revital Kahlon
Position: Deputy Legal Advisor & Company Secretary
Employer: [ ]
Address: 8 Aharon Becker St., Tel Aviv, 6964316
Phone: 052-3930764 Email: [email protected]
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