Israel’s BVR Technologies has stated that following the approval of the shareholders of the company and the District Court of Tel Aviv BVR is to distribute $1.5 million to its shareholders as cash dividend.
The distribution amount shall be $ 0.1525 per ordinary share, par value NIS 0.5 each. From this amount five percent withholding tax at source is to be withheld, in accordance with the ruling BVR received from the Israeli tax authorities.
Accordingly, each holder of BVR share is to receive $ 0.144875 per ordinary share. The distribution record date shall be January 9, 2003 and the payment date shall be January 16. The Ex date on which the price per share is to be adjusted by the NASDAQ is to be January 17.
BVR Technologies is a management hi-tech company with three affiliated companies: Coresma, a 37 percent owned affiliate, BrightCom Technologies, a 23 percent owned affiliate, and Unisfair, a 41 percent owned affiliate. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
