MIND CTI Reports Fourth Quarter and Full Year 2023 Results - Seite 3

The follow-on orders from longtime existing customers mainly included license upgrades, based on number of subscribers, enhancements of scope with additional functionality and implementations of our online store / e-commerce module that we developed.

Dividend Distribution
We first adopted a dividend policy in 2003 and we continue to believe that our annual dividends enhance shareholder value.

Taking into consideration our dividend policy and the remaining cash after the distribution, on March 6, 2024, our Board of Directors declared a gross dividend of $0.24 per share. The record date for the dividend will be March 20, 2024, and the payment date will be April 4, 2024. Tax will be withheld at a rate of 20%.

AGM
MIND also announced today that its 2024 Annual General Meeting of Shareholders will be held on May 6, 2024, at 10:00 A.M. (Israel time), at the offices of the Company, 2 HaCarmel Street, Yoqneam 2066724, Israel.

Shareholders of record at the close of business on April 3, 2024 are entitled to vote at the Meeting. All shareholders are cordially invited to attend the Meeting in person. Proxy statements and proxy cards for use by shareholders that cannot attend the meeting in person will be sent by mail.

The agenda of the meeting is as follows:

(i)   to reappoint Fahn Kanne & Co. Grant Thornton Israel as the Company’s independent auditor until the close of the following Annual General Meeting and to authorize the Board of Directors of the Company to determine its remuneration or to delegate the Audit Committee thereof to do so;

(ii)   to elect Ms. Orly Sorokin as a Class III director of the Company until the 2027 Annual General Meeting; and

(iii)  to discuss the Company’s audited financial statements for the year ended December 31, 2023.

About MIND
MIND CTI Ltd. is a leading provider of convergent end-to-end billing and customer care product-based solutions for service providers, unified communications analytics and call accounting solutions for enterprises as well as enterprise messaging solutions. MIND provides a complete range of billing applications for any business model (license, SaaS, managed service or complete outsourced billing service) for Wireless, Wireline, Cable, IP Services and Quad-play carriers. A global company, with over twenty-five years of experience in providing solutions to carriers and enterprises, MIND operates from offices in Israel, Romania, Germany and the United States.