Incredimail 2012 Annual Report Download - page 65

All of the ordinary shares of the Company are entitled to an equal share in any dividends declared and paid.
Buyback Plan
On January 23, 2008 we announced that our board of directors had resolved to adopt a share buyback plan, and on March 25, 2009, we
announced that we had elected to continue with the second phase of this plan that authorizes the purchase of up to an additional $1 million of our
ordinary shares. The last repurchase of shares occurred in March 2009. We have repurchased a total of 346,019 ordinary shares in open market
transactions under the buyback plan.
The distribution of dividends and a buy-
back plan is subject to limitations under Israeli law, including permitting the distribution of
dividends (and purchasing the company’s own shares) only out of profits. See "Item 10.B Memorandum and Articles of Association —
Dividend
and Liquidation Rights." In addition, the payment of dividends is subject to Israeli withholding taxes. See "Item 10.E Taxation —
Israeli
Taxation —Taxation of our Shareholders—Taxation of Non-Israeli Shareholders on Receipt of Dividends."
B. SIGNIFICANT CHANGES
Since the date of our audited financial statements included elsewhere in this report, there have not been any significant changes other
than as set forth in this report under Item 4.A. – "Recent Developments".
ITEM 9. THE OFFER AND LIST IN G
A. OFFER AND LISTING DETAILS
Our ordinary shares have been listed on the NASDAQ Capital Market from January 31, 2006 to June 26, 2007, and on the NASDAQ
Global Market since June 27, 2007, under the symbol "MAIL", and since November 10, 2011, under the symbol “PERI”.
Our ordinary shares
commenced trading on the Tel Aviv Stock Exchange on December 4, 2007 under the symbol "EMAIL", and since November 16, 2011, under
the symbol “PERION”.
The following table shows, for the periods indicated, the high and low market prices of our ordinary shares as reported on the
NASDAQ and the TASE.
:
* Since our listing on the Tel Aviv Stock Exchange on December 4, 2007.
The closing prices of our ordinary shares, as reported on the NASDAQ and on the TASE on April 24, 2013, were $11.79 and NIS 41.64
(equal to $11.51 based on the exchange rate between the NIS and the dollar, as quoted by the Bank of Israel on April 24, 2013), respectively.
NASDAQ Global Market
Tel Aviv Stock Exchange
High
($)
Low
($)
High
($)
Low
($)
Five most recent full financial years
2012
10.50
3.68
10.45
3.85
2011
8.25
3.45
8.20
3.41
2010
10.75
3.85
10.96
4.04
2009
10.89
2.30
10.46
2.48
2008
5.58
1.86
5.28
2.00
Financial quarters during the past two recent full financial years and
any subsequent period
First Quarter 2013
13.10
8.19
12.79
8.21
Fourth Quarter 2012
10.50
6.66
10.45
6.65
Third Quarter 2012
7.68
4.04
7.38
4.16
Second Quarter 2012
5.20
3.68
5.13
3.81
First Quarter 2012
5.59
3.90
5.59
3.85
Fourth Quarter 2011
5.87
3.45
5.65
3.41
Third Quarter 2011
7.96
4.50
7.77
4.67
Second Quarter 2011
8.25
6.57
7.92
6.44
First Quarter 2011
8.10
6.85
8.20
6.59
Most recent six months
April 2013 (through April 24)
11.98
9.53
12.08
9.57
March 2013
10.39
8.19
10.06
8.21
February 2013
10.84
8.56
10.48
8.74
January 2013
13.10
9.01
12.79
8.87
December 2012
10.50
8.38
10.45
8.61
November 2012
10.15
7.45
10.31
7.56
October 2012
7.48
6.66
7.85
6.65
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