Notice of Dividend Amount • Aug 14, 2025
Notice of Dividend Amount
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MIZRAHI TEFAHOT BANK LTD.
Registration Number: 520000522
To: Israel Securities Authority To: Tel Aviv Stock Exchange Ltd. Form Number: T081 (Public) Transmitted via MAGNA: 14/08/2025 Israel Securities Authority Website: www.isa.gov.il Tel Aviv Stock Exchange Website: www.tase.co.il Reference: 2025-01-060441
Regulation 37(a) of the Securities Regulations (Periodic and Immediate Reports), 1970
Payment date: 28/08/2025
| Eligible Security Number |
Security Name |
Dividend Amount per Security |
Dividend Amount Currency |
Payment Currency |
Representative Rate for Payment Date |
Individual Tax % |
Corporate Tax % |
|---|---|---|---|---|---|---|---|
| 695437 | O.S. 0.1 NIS par value |
2.7948830 | NIS | NIS | ___ | 25 | 0 |
Dividend distributed from a foreign resident company (tax rates see section 7b)
Please note: The dividend amount to be paid must be specified to an accuracy 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 currency is another currency.
In a board of directors meeting on 13/08/2025 at 10:00.
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 the exercise of convertible securities, if any.
The final dividend amount per share can be updated up to 2 trading days before the record date.
| % of Dividend |
Individuals | Companies | Foreign Residents |
|
|---|---|---|---|---|
| Taxable income for 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 agricultural/tourism 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) Taxable income for 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 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) |
___ | 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 pension fund or 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 according to section 64A4(e).
| Security Name |
Security Number |
Remarks | |
|---|---|---|---|
| - | 00000000 | Other: The bank has several option plans, and the exercise price of the granted options will be reduced by the full dividend amount per share, as stated in section 6 above. |
The following are the directors' decisions according to Regulation 37(a)(1) of the Securities Regulations (Periodic and Immediate Reports), 1970, after the following data was presented to them: • The proposed dividend distribution has no material effect on the bank's financial position. • The balance of profits as defined in section 302 of the Companies Law, before the proposed distribution, amounts to 29,487 million NIS. • The balance of profits as defined in section 302 of the Companies Law, after the proposed distribution, amounts to 28,761 million NIS. • An examination was conducted regarding the effect of the proposed distribution on the capital structure, and the board of directors estimates that the bank's activity in the year following the dividend distribution will be such that the capital adequacy and leverage ratios will not fall below the required levels. Additionally: • There is no concern that the dividend distribution will prevent the bank from meeting its existing and expected obligations. • The proposed distribution is from profits as defined by the Companies Law. • The bank complies with additional regulatory restrictions set by the Banking Supervision Department, including Proper Conduct of Banking Business Directive 331 regarding "Dividend Distribution by Banking Corporations" and restrictions regarding capital adequacy, leverage, and other limitations. The board of directors examined the bank's compliance with the profit and solvency tests set out in section 302 of the Companies Law and, in light of the above, approved the bank's compliance with the distribution tests. In light of the above, the board of directors of the bank determined that there is no impediment to distributing a dividend in the amount of 726.5 million NIS, constituting 50% of the profits for the second quarter of 2025, and decided to approve the said distribution in light of the bank's performance during this period, in accordance with the bank's dividend policy, and after reviewing the bank's capital planning under various scenarios.
| Signatory Name |
Position | |
|---|---|---|
| 1 | Menachem Aviv |
Deputy CEO |
| 2 | Adi Shachaf |
Deputy CEO |
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.
The above report was signed by Mr. Menachem Aviv, Deputy CEO and Chief Accountant, and Mr. Adi Shachaf, Deputy CEO and Head of the Financial Division.
Reference numbers of previous documents on the subject (the mention does not constitute inclusion by reference):
Securities of the corporation are listed for trading on the Tel Aviv Stock Exchange
Form structure update date: 15/07/2025
Short name: MIZRAHI TEFAHOT BANK LTD.
Address: Jabotinsky 7, Ramat-Gan 52520 Phone: 03-7559720, Fax: 03-7559923
Email: [email protected] Company website: https://www.mizrahi-tefahot.co.il
Previous names of the reporting entity: United Mizrahi Bank Ltd.
Electronic signatory name: Aviv Menachem Position: Chief Accountant Employer company name: Address: Jabotinsky 7, Ramat Gan 52520 Phone: 03-7559321 Fax: 03-7559148 Email: [email protected]
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