B Communications Announces Payment of Dividend
August 31 2015 - 6:20AM
Business Wire
A dividend of NIS 0.73 per share was
approved by the Company's Board of Directors
B Communications Ltd. (NASDAQ and TASE: BCOM) announced today
that in a meeting held on this date, the Board of Directors of the
Company declared a dividend of NIS 0.73 per share (approximately
$0.19 according to the rate of exchange on August 31, 2015) and
approximately NIS 22 million (approximately $6 million) in the
aggregate.
The actual amount of dividends to be paid in US$ will be
converted from NIS based upon the representative rate of exchange
published by the Bank of Israel on September 16, 2015. The dividend
will be payable to all of the Company’s shareholders of record at
the end of the NASDAQ trading day on September 16, 2015. The
payment date will be September 29, 2015.
Doron Turgeman, CEO of B Communications, said today: “The
Board’s decision to distribute a dividend of NIS 22 million
(approximately $6 million), as well as the decisions of the rating
agencies to affirm our credit rating, reflects the significant
improvements we have made to our capital structure. With our
balance sheet in good shape, we believe now is the right time to
return capital to our shareholders, while continuing to maintain
sufficient resources to service our debt."
About B Communications
Ltd.
B Communications is a holding company with a controlling
interest in Israel’s largest telecommunications provider, Bezeq,
The Israel Telecommunication Corp. (TASE: BEZQ). B Communications
shares are traded on NASDAQ and the TASE under the symbol “BCOM.”
For more information please visit the following Internet sites:
www.bcommunications.co.ilwww.ir.bezeq.co.ilwww.eurocom.co.ilwww.igld.com
Forward-Looking
Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
results to differ materially from these forward-looking statements
include, but are not limited to, general business conditions in the
industry, changes in the regulatory and legal compliance
environments, the failure to manage growth and other risks detailed
from time to time in B Communications' filings with the Securities
Exchange Commission. These documents contain and identify other
important factors that could cause actual results to differ
materially from those contained in our projections or
forward-looking statements. Stockholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made.
We undertake no obligation to update publicly or revise any
forward-looking statement.
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version on businesswire.com: http://www.businesswire.com/news/home/20150831005514/en/
for B Communications Ltd.Idit Cohen – IR
Manager+972-3-924-0000idit@igld.comorInvestor relations
contacts:ISRAELHadas Friedman - Investor
Relations+972-3-516-7620Hadas@km-ir.co.ilorINTERNATIONALBrad Nelson
– KCSA+1-212-896-1217bnelson@kcsa.com
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