Blue Square Announces the Exact sum of Dividend per Share/ADS to be Paid
ROSH HA'AYIN, Israel, February 11 /PRNewswire-FirstCall/ -- Blue Square - Israel Ltd. (NYSE:BSI) (the "Company") announced today further to its announcement dated January 14, 2010, that due to conversion of debentures, the cash dividend that was declared on January 14, 2010, and is to paid on February 25, 2010 will be in the sum of NIS 1.7043168 per share / ADS (the equivalent of approximately U.S. $0.45 per share/ADS, based on yesterday's representative rate of exchange).
Following the dividend distribution, the conversion ratio of the Company's 5.9% convertible debentures issued in August 2003 (outstanding principal amount of NIS 7,464,560.49 as of February 11, 2010) will be adjusted on February 12, 2010, due to the dividend described above. Following the adjustment, each NIS 18.390 par value of the convertible debentures will be convertible into one ordinary share of the Company.
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Blue Square-Israel Ltd. is a leading retailer in Israel. A pioneer of modern food retailing in the region, Blue Square currently operates 205 supermarkets under different formats, each offering varying levels of services and prices. For more information, please refer to the Blue Square-Israel Ltd. website at http://www.bsi.co.il.
Contact:
Blue Square-Israel Ltd.
Elli Levinson-Sela
General Counsel & Corporate Secretary
Telephone: +972-3-9282670
Fax: +972-3-9282498
Email: [email protected]
SOURCE Blue Square Israel Ltd
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