ICL Group Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on December 3, 2024, serves as a supplemental report regarding a dividend distribution previously announced on November 11, 2024. The filing provides specific details on the dividend amount per share, payment dates, and applicable tax withholding rates for ICL Group Ltd., a foreign private issuer.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the dividend distribution:
- Total Dividend Amount: Approximately $68 million.
- Dividend Per Share (USD): $0.05270.
- Dividend Per Share (ILS): ILS 0.1915118 (based on the Bank of Israel representative exchange rate).
- Payment Eligibility: Restricted to registered shareholders entitled to receive US$2 or more.
Material Changes
This report clarifies the specific per-share amounts and tax implications of the dividend previously announced. There are no reported material changes to the company's operations, financial position, or prior period results within this document.
Guidance, Outlook, and Tax Contingencies
The filing contains no management guidance, outlook, or discussion of risks and contingencies beyond the tax treatment of the dividend. Key tax withholding details include:
- Record Date: December 4, 2024.
- Payment Date: December 18, 2024.
- Tax Withholding (Approx. 80% of Dividend):
- Israeli resident companies: 0%.
- Israeli resident individuals: 25%.
- Foreign residents: 25% or lower per applicable tax treaties.
- Tax Withholding (Approx. 20% of Dividend):
- Israeli residents: 15%.
- Foreign residents: 4% or lower per applicable tax treaties.
Shareholders holding shares on the NYSE not through an Israeli bank may be eligible for tax refunds; further details are available on the company's website.
Investor Verification Checklist
- Verify the record date (December 4, 2024) to ensure eligibility for the dividend.
- Confirm the specific tax treaty status applicable to your jurisdiction to determine the exact withholding rate.
- Check if the dividend amount received meets the US$2 minimum threshold for payment.
- Review the company's website for procedures regarding tax refunds for excess withholding.