Citi Fun 29 Regulatory News (AD49)

31 Mar 2008 07:52

Leumi International Investments NV31 March 2008 BANK LEUMI LE-ISRAEL B.M. (GUARANTOR - GUARANTEED EURO MEDIUM TERM NOTE PROGRAMME OF LEUMI INTERNATIONAL INVESTMENTS N.V.) Translation of Immediate Report Bank Leumi le-Israel B.M. Registration No. 520018078 Securities of the Corporation are listed on The Tel Aviv Stock Exchange Abbreviated Name: Leumi 34 Yehuda Halevi Street, Leumi House, Tel Aviv 65546 Phone: + 972 3 5148111, + 972 3 5149419; Facsimile: + 972 3 5149732 Electronic Mail: jennifer@bll.co.il 31 March 2008 To: Israel Securities Authority The Tel Aviv Stock Exchange Immediate Report on Distribution of Cash Dividend Regulation 37(a) of the Securities (Periodic and Immediate Reports) Regulations, 1970 1. We hereby give notice that on 30 March 2008 the Board of Directors of theCorporation resolved to distribute a dividend. 2. The amount of the dividend to be distributed is NIS 270,000,000. The dividend is at the rate of 18.5% of the issued and paid-up share capital. 3. Dividend record date: 17 June 2008 "Ex" date: 18 June 2008 Date of dividend distribution: 30 June 2008 4. Rate of tax to be deducted at source: 20% 5. Balance of profits of the Corporation, as defined in Section 302 of theCompanies Law, 1999, following the distribution detailed in this report is NIS11,029,000,000. The Corporation, being a banking corporation, is subject toadditional restrictions regarding distributions in addition to those containedin Section 302 of the Companies Law, 1999. 6. Procedure for approval of distribution of the dividend: Subject to theapproval of the upcoming General Meeting of Stockholders. 7.Tel Aviv Stock Exchange Dividend Amount Per Share to Currency Date ofRegistration Number of be Distributed in NIS or Other of PaymentEligible Security Currency Payment ------------------------ ---------------- ---------604611 0.185 NIS 30 June-------------- ---------------- --------- 2008 ---------- 8. The Corporation does not have any dormant shares that are not entitled topayment of the dividend and therefore no waivers are required. 9. The Corporation has outstanding securities convertible into capital. Theeffect of the distribution of the dividend on these securities is as follows: Regarding the exercise shares arising from the exercise of the options allocatedto employees of the Leumi Group on 24 January 2006 (Leumi Option 01/06), thegross dividend to which each aforementioned share is entitled on the record datefor determining entitlement to participate in the dividend distribution shall bededucted from the exercise price, such amount being linked to the CPI from therecord date for determining the right to participate in such dividenddistribution, until the actual date of the exercise of the options. Note to Clauses 2 and 7 above: The dividend is at a rate of some 52.2% of thenet profit for the fourth quarter of 2007. Based on the paid-up share capital asof 10 March 2008, the said dividend is at a rate of some 18.5% of the paid-upcapital. Should additional options be exercised up until the record date, therate of the dividend in relation to the paid-up capital, and the amount of thedividend per share will be reduced accordingly. The total dividends for 2007 will amount to NIS 1,684 million, which is some50.2% of the net profit for 2007 and NIS 1.185 per ordinary share (subject tochanges in the consequence of the exercise of options as previously mentioned)._____________________________________________________________________Name of Electronic Reporter: Jennifer Janes, Position: Executive Vice President, Group Secretary POB 2 Tel Aviv 61000, Phone: + 972 3 5149419, Facsimile: + 972 3 5149732, Electronic Mail: jennifer@bll.co.il This information is provided by RNS The company news service from the London Stock Exchange