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T081
THE PHOENIX HOLDINGS LTD
Public
No. at the Registrar: 520017450
The corporation’s securities are listed on the Tel Aviv Stock Exchange
Abbreviated name: Phoenix
Street: Derech Hashalom 53, Givatayim 53454
Tel.: 03-7332997, 03-7338174, Fax: 03-5734516
Email: [email protected]
Broadcast on: 29/08/2007
Ref.: 2007-01-376123
Messrs.
Messrs.
The Securities Authority
The Tel Aviv Stock Exchange Ltd.
www.isa.gov.il
www.tase.co.il
IMMEDIATE REPORT ON THE DISTRIBUTION OF A CASH DIVIDEND
Regulation 37(a) of the Securities (Periodical and Immediate Reports) Regulations, 5730-1970
1. We hereby report that on August 27, 2007 the company's board of directors resolved to distribute a dividend.
2. The dividend to be paid is in the amount of NIS 210,000,000.
The dividend is at a rate of 100.222857% of the issued and paid-up capital.
3. Determining date (cum date): September 19, 2007
Ex date: September 20, 2007
Dividend distribution date: October 2, 2007
4. Rate of tax to be deducted at source:
For those liable for deduction of tax at source, tax will be deducted as required by law (20% for an individual).
Explanation: Kindly indicate the rate of the tax that will be deducted at source separately for individuals and for
companies.
5. Company's retained earnings as defined in the Companies Law, 5759-1999, after distribution of the dividend referred
to in this report: NIS 1,525,509,000
6. Process for approval of the dividend distribution
The board of directors' recommendation will be submitted for approval to the shareholders' general meeting which is
to convene on September 19, 2007. The meeting may accept the board of directors' recommendation or it may reduce
the amount of the dividend, but it may not increase it.
7.
Number of entitled
security
Per-share dividend
amount to be paid in NIS
or in another currency
Payment currency
Date of payment rate
1.0022286
NIS
October 2, 2007
5.0111428
NIS
October 2, 2007
Explanation: The dividend amount to be paid should be indicated to a degree of accuracy of up to 7 digits after
the decimal point.
8. Number of dormant shares of the company which are not entitled to a dividend payment and in respect of which a
dividend waiver must be received: 0
9. If the company has securities convertible into capital, indicate the effect of the dividend distribution on them:
Reference Nos. of previous documents on the subject (the listing thereof shall not be deemed as inclusion by way of
reference):
Former names of the reporting entity: The Israel Phoenix Assurance Company Ltd.
Form revised on: 28/06/2007
Name of electronic reporter: Orly Kronman Dagan
Title: Vice President, Legal Adviser and Company Secretary
Derech Hashalom 53, Givatayim 53454, Tel.: 03-7332997, Fax: 03-5734516, Email: [email protected]