Orad Hi-Tec Systems Ltd / Dividend
20.05.2010 16:35
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Kfar-Saba, Israel, 20 May 2010. - Orad Hi-Tec Systems Ltd. (ISIN
IL0010838071; Symbol: OHT), a global developer and distributor of
state-of-the-art, 3D real-time graphic solutions for the broadcasting
markets, announced that it has resolved to declare a dividend for fiscal
years 2008 and 2009, in the amount of 1/3 (33.3%) of the net profits in
years 2008 and 2009. Such profits amounted to US$ 1,863,000. The dividend
per share is currently expected to be approximately 17.2 US cents per share
(and in any event shall be rounded down to the nearest one tenth of one
cent). The record date is May 31, 2010, the ex-dividend date is June 1,
2010 and the payment date is expected to be June 4, 2010. The Company shall
withhold 20% at source, for all shareholders, according to Israeli tax law
requirements.
The Company further announced that it has adopted a dividend policy
according to which from 2010 and thereafter, the Company shall endeavor to
distribute as dividends at least 1/3 (33.3%) of the yearly net profits
following the approval of the financial results for each fiscal year.
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Information and Explaination of the Issuer to this News:
About Orad Hi Tec Systems
Orad Hi-Tec Systems is a world leading provider of real time 3D broadcast
graphics solutions for the broadcasting markets, including: news, channel
branding, sports production and enhancement, special events, elections,
virtual studios, and virtual advertisement. Orad's compelling solutions
streamline production workflow, enhance viewer experience and improve
production value. Founded in 1993, Orad is a public company listed on the
Frankfurt Stock Exchange (OHT).
For more information, visit www.orad.tv
Contact:
ORAD Hi-Tec Systems Ltd
Ehud Ben-Yair
C.F.O
Tel.: +972 9 7676 862
ehudb@orad.tv
edicto Investor Relations, Frankfurt
Dr. Sönke Knop
Tel.: +49 608494859-1
sknop@edicto.de
20.05.2010 16:35 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Orad Hi-Tec Systems Ltd
15 Atir Yeda str POB 2177
44425 Kfar Saba
Israel
Phone: +972-9-7676862
Fax: +972-9-7676861
E-mail: orad@orad.tv
Internet: www.orad.co.il
ISIN: IL0010838071
WKN: 928634
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg; Foreign
Exchange(s) London
End of News DGAP News-Service
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DGAP-Adhoc: Orad Hi-Tec Systems Ltd: Dividend announcement
| Source: EQS Group AG