LOD, Israel, Feb. 4, 2020 /PRNewswire/ -- AudioCodes (NASDAQ:
AUDC), a leading vendor of advanced voice networking and media
processing solutions for the digital workplace, today announced
that its Board of Directors has decided on a semi-annual dividend.
The Board of Directors declared a cash dividend in the amount of
13 Cents per share and in the
aggregate amount of approximately US$ 3.86
million. The amount and timing of any additional dividend
will be determined by the Board.
The dividend is payable on March 4,
2020 to all of the Company's shareholders of record at the
close of trading on the NASDAQ Global Select Market on February 18, 2020.
In accordance with Israeli tax law, the dividend is subject to
withholding tax at source at the rate of 30% (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% or more of
the Company's share capital) or 25% (for all other dividend
recipients) of the dividend amount payable to each shareholder of
record, subject to applicable exemptions.
The dividend will be paid in US dollars on the ordinary shares
of AudioCodes Ltd. that are traded on the Nasdaq Global Select
Market or the Tel-Aviv Stock Exchange.
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About AudioCodes
AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a leading vendor of
advanced voice networking and media processing solutions for the
digital workplace. AudioCodes enables enterprises and service
providers to build and operate all-IP voice networks for unified
communications, contact centers, and hosted business
services. AudioCodes offers a broad range of innovative
products, solutions and services that are used by large
multi-national enterprises and leading tier-1 operators around the
world.
For more information on AudioCodes, visit
http://www.audiocodes.com.
Statements concerning AudioCodes' business outlook or future
economic performance; product introductions and plans and
objectives related thereto; and statements concerning assumptions
made or expectations as to any future events, conditions,
performance or other matters, are "forward-looking statements'' as
that term is defined under U.S. Federal securities laws.
Forward-looking statements are subject to various risks,
uncertainties and other factors that could cause actual results to
differ materially from those stated in such statements. These
risks, uncertainties and factors include, but are not limited to:
the effect of global economic conditions in general and conditions
in AudioCodes' industry and target markets in particular; shifts in
supply and demand; market acceptance of new products and the demand
for existing products; the impact of competitive products and
pricing on AudioCodes' and its customers' products and markets;
timely product and technology development, upgrades and the ability
to manage changes in market conditions as needed; possible need for
additional financing; the ability to satisfy covenants in the
Company's loan agreements; possible disruptions from acquisitions;
the ability of AudioCodes to successfully integrate the products
and operations of acquired companies into AudioCodes' business; and
other factors detailed in AudioCodes' filings with the U.S.
Securities and Exchange Commission. AudioCodes assumes no
obligation to update the information in this release.
©2020 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD
VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's
Inside Matters, OSN, SmartTAP, User Management Pack, VMAS,
VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, VocaNom,
AudioCodes One Voice, AudioCodes Meeting Insights, AudioCodes Room
Experience and CloudBond are trademarks or registered trademarks of
AudioCodes Limited. All other products or trademarks are property
of their respective owners. Product specifications are subject to
change without notice.
Company
Contacts
|
|
IR Agency
Contact
|
Niran
Baruch,
|
Shirley
Nakar,
|
Brett Maas, Managing
Partner
|
VP Finance &
Chief Financial Officer
|
Director, Investor
Relations
|
Hayden
IR
|
AudioCodes
|
AudioCodes
|
Tel:
+1-646-536-7331
|
Tel:
+972-3-976-4000
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Tel:
+972-3-976-4000
|
Brett@haydenir.com
|
Niran.baruch@audiocodes.com
|
shirley@audiocodes.com
|
|
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SOURCE AudioCodes