Magic distributes cash dividend for second half of 2015

Magic Software Enterprises Ltd. (NASDAQ: MGIC) board of directors has declared a cash dividend in the amount of USD0.09 per share and in the aggregate amount of approximately USD4.0 million for the second half of 2015.

The dividend is payable on March 17, 2016 to all of the company´s shareholders of record at the close of the NASDAQ Global Select Market on March 2, 2016.

In accordance with Israeli tax law, the dividend is subject to withholding at source at the rate of 30 percent (if the recipient of the dividend is at the time of distribution or was at any time during the preceding 12-month period the holder of 10 percent or more of the company´s share capital) or 25 percent (for all other dividend recipients) of the dividend amount payable to each shareholder of record, subject to applicable exemptions.

Magic Software Enterprises (NASDAQ: MGIC) empowers customers and partners around the globe with smarter technology that provides a multichannel user experience of enterprise logic and data.