Intimate apparel maker Tefron to pay divided in May

April 03, 2008 - Israel

Tefron Ltd a leading producer of seamless intimate apparel and engineered-for-performance (EFPTM) active wear, announced that its Board of Directors declared a cash dividend in the aggregate amount of $8 million, or approximately $0.377 per share based on the number of shares outstanding on the date hereof (excluding shares held by a wholly owned subsidiary of Tefron).

The actual dividend per share will be based on the number of shares outstanding on the record date.

The dividend, net of taxes withheld at source pursuant to applicable law, will be payable on or about May 1, 2008 to shareholders of record as of close of business on April 14, 2008.