Dividend Declaration

RNS Number : 5886B

Taptica International Ltd

21 September 2018

 

21 September 2018

Taptica International Ltd

("Taptica" or the "Company")

Dividend Declaration

On 4 September 2018, Taptica (AIM: TAP), a global end-to-end mobile advertising platform for advertising agencies and brands, announced its interim results and declared a dividend of $0.0398 per ordinary share out of the Company's net profits for the six months ended 30 June 2018, with an ex-dividend date of 20 September 2018, a record date of 21 September 2018 and a payment date of 20 November 2018.

Tax Trustee

In accordance with the requirements of the Israel Tax Authority (the "ITA"), dividend payments are generally subject to a 25% withholding tax rate, or 20% in case the dividends are sourced from a "Preferred Enterprise" under the Israeli Tax Ordinance, such as in the case of Taptica. Shareholders or holders of depositary interests in respect of ordinary shares in the Company who are residents of a country with a tax treaty with Israel, such as the UK, may be eligible to benefit from a reduced withholding tax rate ("Eligible Shareholders").

To assist Eligible Shareholders in obtaining a reduced withholding tax rate, the Company has obtained a special tax ruling from the ITA (the "Tax Ruling") to enable IBI Trust Management, in its role as the Company's tax trustee (the "Tax Trustee"), to manage the dividend tax withholding process and assist Eligible Shareholders in timely obtaining a reduced withholding tax rate.

Dividend Payment Process; Reduced Withholding Tax Rate

In accordance with the Tax Ruling, on 20 November 2018, the dividend payment date, the Company shall deduct at source 20% of the gross amount of the dividend, and transfer such amount to the Tax Trustee.  The remaining balance of the dividend shall be paid to the shareholders or the holders of depositary interests through Link Assets Services and/or the relevant broker.

Thereafter, any Eligible Shareholder may apply to the Tax Trustee until 15 December 2018 (the "Application Deadline"), to apply for a reduced withholding tax rate by delivering to the Tax Trustee specified tax residency and banking documentation (the "Application"). The documents required to be included in the Application are available for download at the following links or by contacting the Tax Trustee:

https://www.taptica.com/wp-content/uploads/2018/09/Personal-details-form-Taptica-International.pdf

https://www.taptica.com/wp-content/uploads/2018/09/Tax-Trustee-Instructions-Taptica-International.pdf 

In accordance with the Tax Ruling, following the Application Deadline, the Tax Trustee shall review the Applications and refund to Eligible Shareholders, which submitted approved and complete Applications by the Application Deadline, any excess tax withheld in accordance with any applicable reduced withholding tax rate. Following the repayments of such refunds, the Tax Trustee shall remit all remaining funds to the ITA.

Tax Trustee Contact Information

The contact information for the Tax Trustee is as follows:

IBI Trust Management

9 Ehad Ha'am Street (Shalom Tower)

Tel Aviv Israel

e-mail: [e-mail]

Tel: [phone]

For further details:

Taptica Hagai Tal, Chief Executive Officer                                 finnCap (Nomad and Joint Broker) Jonny Franklin-Adams, James Thompson Berenberg (Joint Broker) Chris Bowman, Mark Whitmore Luther Pendragon (Financial PR Adviser) Harry Chathli, Claire Norbury

[phone] [phone] [phone] [phone]

 About Taptica

Taptica International Ltd is a global leader in advertising technologies that operates in more than 70 countries. It has two revenue streams: performance-based marketing, provided by its Taptica business, and brand advertising, provided by its Tremor Video DSP business.

The Taptica business is an end-to-end mobile technology advertising platform that helps the world's top brands reach their most valuable users with the widest range of traffic sources available today. Its proprietary technology leverages big data and, combined with state-of-the-art machine learning, enables quality media targeting at scale. It works with more than 600 advertisers including Amazon, Disney, Twitter, OpenTable, Expedia and Zynga.

Tremor Video DSP is the leading programmatic video platform, matching advertisers with audiences - wherever they may be. Delivering custom video experiences across all screens, Tremor Video DSP helps advertisers tell captivating brand stories to create meaningful, personalised moments with prospective customers. Tremor Video DSP works with the top agencies and advertisers in the US.

Taptica International Ltd is headquartered in Israel with offices in San Francisco, New York, Tokyo (Adinnovation), Beijing, Seoul and London, and is traded on the London Stock Exchange (AIM: TAP).

 

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