BSI » Topics » Dividends

This excerpt taken from the BSI 6-K filed Mar 12, 2007.

Dividends:

  During 2006, the Company distributed dividends totaling NIS 110 million.

  Subsequent to the balance sheet date, on March 12, 2007, the Company declared a dividend in the amount of NIS 60 million (U.S. $14.2 million), or NIS 1.47 per share (approximately U.S. $0.35 per ADS).

This excerpt taken from the BSI 6-K filed Aug 14, 2006.

Dividends:

  n Subsequent to the balance sheet date, on August 14, 2006, the Company declared a dividend in the amount of NIS 30 million (U.S. $6.8 million), or NIS 0.77 per share/ADS (approximately U.S. $0.18 per ADS).

  n On June 22, 2006, the Company paid a dividend in the amount of NIS 30 million (U.S. $6.7 million), or NIS 0.77 per share/ADS (approximately U.S. $0.17 per ADS based on the representative rate of exchange on that date).

  n On April 20, 2006, the Company paid a dividend in the amount of NIS 50 million (U.S. $10.7 million), or NIS 1.28 per share (approximately U.S. $0.27 per ADS).

Reorganization of Blue Square’s Real Estate Holdings

On June 23, the Company announced the completion of the transfer of its directly-owned real estate assets (excluding real estate owned by its subsidiary, Blue Square Chain Investments & Properties Ltd.) and certain liabilities, to a new fully owned subsidiary – Blue Square Real Estate Ltd. (“BSRE”).

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On August 2, BSRE announced the general terms of the expected initial public offering (IPO) of BSRE securities on the Tel Aviv Stock Exchange and the results of the institutional investors’ bids with regard to the proposed offering. For details, please refer to the Company’s announcement of August 2, which is available on the website of the Securities and Exchange Commission (SEC) at www.sec.gov/Archives/edgar/data/1016837/000117891306001435/zk62793.htm.

Appointment of CFO

On May 25th, the Company’s Board of Directors appointed Mr. Dror Moran as Blue Square’s CFO and VP Finance. Mr. Moran, a CPA who was employed by Blue Square in senior positions from 1997-2005, began serving as CFO on July 1st. The Company expresses its appreciation to its previous CFO, Mr. Emanuel Avner. for his significant contribution during his years of service.

This excerpt taken from the BSI 6-K filed May 23, 2006.

Dividends:

  n On April 20, 2006, the Company paid a dividend in the amount of NIS 50 million (U.S. $10.7 million), or NIS 1.28 per share (approximately U.S. $0.27 per ADS).

  n Subsequent to the balance sheet date, on May 22, 2006, the Company declared a dividend in the amount of NIS 30 million (U.S. $6.7 million), or NIS 0.77 per share (approximately U.S. $0.17 per ADS).

This excerpt taken from the BSI 20-F filed Jan 18, 2006.

Dividends

          The distribution of dividend income, other than bonus shares (stock dividends), to Israeli residents who purchased our Shares will generally be subject to income tax at a rate of 25% for individuals and will be exempt from income tax for resident corporations.

          Non-residents of Israel (both individuals and corporations) are subject to income tax on income accrued or derived from sources in Israel, including dividends from Israeli corporations. The distribution of dividend income, other than bonus shares (stock dividends), to non-residents of Israel will generally be subject to income tax at a rate of 25% by way of a tax withholding, unless a lower rate is stipulated by a treaty between Israel and the shareholder’s country of residence.

This excerpt taken from the BSI 6-K filed Aug 12, 2005.

Dividends:

Subsequent to the balance sheet date, on August 11, 2005, the Company declared a dividend in the amount of approximately NIS 50 million (U.S. $11 million), or U.S. $0.28 dollar per share/ADR. The dividend, net of taxes will be paid to shareholders of record as of close of business on August 23rd 2005. The dividend will be paid on or about September 7, 2005, with payments to ADR holders in the US distributed several days later.

The Company’s subsidiary, Blue Square Chain Investments & Properties Ltd (BSIP), received approval from the Israeli court to distribute a dividend totaling NIS 80 million from capital gains originally classified as a capital reserve in conformance with accounting principles related to transactions between BSIP and its former controlling shareholders. The dividend was distributed on April 11, 2005.

This excerpt taken from the BSI 20-F filed Jun 30, 2005.

Dividends

          The distribution of dividend income, other than bonus shares (stock dividends), to Israeli residents who purchased our Shares will generally be subject to income tax at a rate of 25% for individuals and will be exempt from income tax for resident corporations.

          Non-residents of Israel (both individuals and corporations) are subject to income tax on income accrued or derived from sources in Israel, including dividends from Israeli corporations. The distribution of dividend income, other than bonus shares (stock dividends), to non-residents of Israel will generally be subject to income tax at a rate of 25% by way of a tax withholding, unless a lower rate is stipulated by a treaty between Israel and the shareholder’s country of residence.

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