0001045986-26-000003
SEC filingFormula Systems (1985) Ltd. announced a special cash dividend of $13.045 per share, totaling approximately $200.0 million, based on 2025 results including the Sapiens acquisition completion.
Formula Systems' board declaration of a $200 million special cash dividend directly rewards shareholders following robust 2025 performance, highlighted by the completion of Advent's acquisition of Sapiens, a key portfolio company. This one-time distribution of $13.045 per ordinary share (or equivalent ADR) reflects the company's ample liquidity and capital position, as evaluated by directors who deemed current and foreseeable needs adequately met. Payment in USD on June 4, 2026, to record holders as of May 25 close ensures broad accessibility across Nasdaq and TASE listings. CEO Guy Bernstein emphasized this as affirmation of financial strength, strategic execution, and sustained cash generation from the investment portfolio, positioning Formula to pursue future growth. Tax implications under Israeli law—30% withholding for major holders (≥10% over prior 12 months) versus 25% for others—remain standard, with exemptions possible. This move enhances shareholder value without compromising operational flexibility, underscoring confidence amid a global IT services backdrop.