Formula Systems (1985) Ltd. approved the distribution of a cash dividend in an amount of ILS 2.30 per share (approximately $0.63 per share) and in an aggregate amount of approximately ILS 35.3 million (approximately $10.0 million). The dividend is payable on April 18, 2024, to all of the Company?s shareholders of record at the close of trading on the Nasdaq Global Select Market (or the Tel-Aviv Stock Exchange, as appropriate) on April 4, 2024. The dividend will be paid in New Israeli Shekels with respect to the Company's ordinary shares traded on the Tel Aviv Stock Exchange and American Depositary Receipts traded on the Nasdaq Global Select Market.