Form 6-K Kenon Holdings Ltd. For: Oct 21

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 6-K

 

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REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

October 21, 2020

 

Commission File Number 001-36761

 

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Kenon Holdings Ltd.

 

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1 Temasek Avenue #36-01

Millenia Tower

Singapore 039192

(Address of principal executive offices)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒       Form 40-F ◻

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ◻       No ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

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Exhibit 99.1

 

Kenon Announces Extraordinary General Meeting Results and Payment of Dividend to Shareholders

Singapore, October 21, 2020. Kenon Holdings Ltd. ("Kenon") (NYSE: KEN, TASE: KEN) announces that on October 21, 2020, Kenon Holdings Ltd. (“Kenon”) held an Extraordinary General Meeting of Shareholders (the “Extraordinary General Meeting”) for the purposes of voting on the proposal set forth below:

 

A quorum was present for the Extraordinary General Meeting and Kenon is pleased to announce that the proposal was duly approved by Kenon’s shareholders at the Extraordinary General Meeting.

The Dividend will be payable to Kenon's shareholders of record as of the close of trading on November 3, 2020 (the "Record Date") and will be paid on or about November 10, 2020 (the "Payment Date"). Following Kenon’s payment of the Dividend, Kenon will retain cash of approximately $36 million.

The Dividend is consistent with our strategy of realizing the value of our businesses for our shareholders.

The New York Stock Exchange's (the "NYSE") ex-dividend date, which is the date on which Kenon's shares will begin trading on the NYSE without the entitlement to the Dividend, is November 2, 2020 (the "NYSE Ex-Dividend Date"). The NYSE’s systems will adjust the price of Kenon's shares on the NYSE Ex-Dividend Date to reflect the completion of the Dividend.

The Tel Aviv Stock Exchange's ("TASE") ex-dividend date, which is the date on which Kenon's shares will begin trading on the TASE without the entitlement to the Dividend, is November 3, 2020 (the "TASE Ex-Dividend Date"). The TASE will manually adjust the price of Kenon's shares on the TASE Ex-Dividend date to reflect the completion of the Dividend.

We encourage you to contact your bank, broker, nominee or other institution if you have any questions regarding the mechanics and timing of having the proceeds of the Dividend attributable to your shares credited to your account.

Singapore tax is not expected to be imposed on Kenon's shareholders in connection with the Dividend. Nevertheless, the Dividend may constitute a taxable event to Kenon's shareholders according to their jurisdiction and the local tax law applicable (including for the purpose of withholding tax in accordance with applicable law and/or regulation), unless a specific exemption is available. Kenon's shareholders should consult their tax advisors with respect to the federal, state, and/or any other local tax consequences of the Dividend, and the potential imposition of withholding taxes in connection with the Dividend.

 

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