Notice of Dividend Amount • Aug 14, 2025
Notice of Dividend Amount
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Registration Number: 513618967
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T081 (Public) Sent via MAGNA: 14/08/2025 ISA Website: www.isa.gov.il TASE Website: www.tase.co.il Reference: 2025-01-060408
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 % |
|---|---|---|---|---|---|---|---|
| 1168558 | MAX STOCK LTD. Ordinary Shares |
0.2865976 | NIS | NIS | ___ | 25 | 0 |
Dividend distributed by a foreign resident company (see section 7B for tax rates)
| Security Number |
Security Name |
Gross Amount per Security |
Currency | Tax Abroad % |
Tax by Treaty % |
Remaining Individual Tax in Israel % |
Remaining Corporate Tax in Israel % |
|---|---|---|---|---|---|---|---|
| ___ | ___ | ___ | ___ | ___ | ___ | ___ | ___ |
| Amount to Pay 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 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 if the dividend amount is in another currency.
Approved at the company's board meeting held on August 13, 2025.
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 abroad (2) |
0 | 25% | 23% | 25% |
| Approved/Preferred enterprise income (3) |
0 | 15% | 15% | 15% |
| Irish preferred enterprise income until 2013 (4) |
0 | 15% | 15% | 4% |
| Irish preferred enterprise income from 2014 (5) |
0 | 20% | 20% | 4% |
| Preferred income |
0 | 20% | 0% | 20% |
| Approved tourism/agricultural enterprise income (6) |
0 | 20% | 20% | 20% |
| 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 |
(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 abroad 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 preferred enterprise with a selection year up to 2013.
(5) Irish preferred 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 rate |
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 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.
| Security Name |
Security Number |
Remarks |
|---|---|---|
| MAX STOCK LTD. Warrant 2020 |
1171263 | According to the company's option plan, in any case of cash dividend payment, during the period between the allocation date of the options and the exercise date, the exercise addition for the options will be adjusted in proportion to the ratio between the ex-dividend base price and the closing price of the share on the last trading day before the ex date. |
After reviewing the company's financial statements as of June 30, 2025, the projected cash flow report, the company's obligations and their due dates, the company's capital structure and liquidity status as detailed in the above financial statements, the board of directors approved the execution of the dividend distribution in the amount of 0.2865976 NIS per share and a total of approximately 40,000,000 NIS (the "distribution"), as described above, to the company's shareholders, from the company's profits as defined in section 302 of the Companies Law, 1999 (the "Companies Law"), and determined that the distribution meets the conditions of the "profit test" and the "solvency test" as detailed in section 302 of the Companies Law and that the execution of the distribution will not prevent the company from meeting its existing and expected obligations when due. Based on the above financial statements, the board of directors believes that the distribution is not expected to significantly impair the company's equity, which as of June 30, 2025, stands at approximately 255,950 thousand NIS (before the dividend distribution), and no warning signs exist (as defined in the reporting regulations). It should also be noted that the remaining profits of the corporation (as defined in section 302 of the Companies Law) after the distribution subject to this decision are 159,073 thousand NIS. The above information, including forward-looking information as defined in the Securities Law, 1968. The company's assessments as stated above are based on the analysis of the company's cash flow, existing obligations, and scenarios that may affect its existing and expected liabilities. These assessments 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 market conditions, including a financial crisis in the markets and the realization of one of the risks detailed in the periodic report for 2024.
| Name | Position | |
|---|---|---|
| Yifat Nir Katz |
Other (Deputy CEO, Chief Legal Counsel, and Company Secretary) |
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 ISA website: Click here.
Short Name: MAX STOCK LTD.
Address: Hashita 16, P.O. Box 3594, Caesarea 3089900 Phone: 073-7695176 Fax: 04-8241792
Email: [email protected] Company Website: www.maxstock.co.il
Previous names of the reporting entity: Max Management Israel Ltd.
Electronic signatory name: Katz Yifat Position: Legal Advisor and Company Secretary Employer company name:
Address: Hashita 16, Caesarea 3088900 Phone: 054-4909365 Fax: 04-8241792 Email: [email protected]
Form structure update date: 15/07/2025
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