Kamada updates on withholding tax procedures for cash dividend

Kamada (KMDA) announced that it has obtained a tax ruling from the Israel Tax Authority with respect to the cash dividend of 25c per share on the company’s ordinary shares announced on March 11. As a result of the ruling, shareholders who hold company shares as of the record date that trade such shares on the Nasdaq Stock Market and are residents of a country with which Israel has a tax treaty may be eligible for a reduced Israeli withholding tax rate on their share of the dividend, in comparison to the generally applicable Israeli withholding tax rate under certain terms and conditions. The company has appointed IBI Trust Management to serve as a processing agent in connection with the distribution of the Nasdaq Dividend.