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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January 2003
MAGIC SOFTWARE ENTERPRISES LTD.
(Name of Registrant)
5 HaPlada Street, Or-Yehuda, Israel 60218
(Address of Principal Executive Office)
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 X Form 40-F ___
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): ___
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): ___
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ___ No X
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ____________
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MAGIC SOFTWARE ENTERPRISES LTD.
6-K Items
1. Magic Software Enterprises Ltd. Press Release with respect to
Announcement of Dividends to Shareholders dated January 27, 2003.
Item 1
Contact:
David Leichner
Vice President, Worldwide Marketing
Magic Software Enterprises Ltd.
(949) 250-1718 ext. 299 davidl@magicsoftware.com
Guy Bernstein
CFO
Magic Software Enterprises Ltd.
+972-3-538-9292
gbernstein@magicsoftware.com
Magic Software Enterprises Announces Distribution
Of Dividend To Shareholders
OR YEHUDA, ISRAEL (January 27, 2003) -- Magic Software Enterprises Ltd. (Nasdaq
and TASE: MGIC), a leading provider of state-of-the-art application development
and integration technology, and business solutions announced today a dividend
distribution to its shareholders. Following receipt of the approval from the
District Court of Tel Aviv, the Company will distribute $0.40 per ordinary share
to its shareholders.
The total dividend which will be distributed to its shareholders will amount to
$11,899,200. From the $0.40 per share dividend withholding tax at source of 25%
will be withheld (except for Israeli companies). Accordingly, each holder of an
ordinary share of MGIC stock (except for Israeli companies) will receive $0.30.
The record date for the distribution of the dividend will be February 10, 2003,
at 5:00 p.m. New York time and the payment date will be February 24, 2003.
About Magic Software Enterprises
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Magic Software Enterprises, a member of the Formula Group (Nasdaq: FORTY),
develops, markets and supports software development and deployment technology
that enables enterprises to accelerate the process of building and deploying
applications that can be rapidly customized and integrated with existing
systems. Magic technology, applications and professional services are available
through a global network of subsidiaries, distributors and Magic solutions
partners in approximately 50 countries. The Company's North American subsidiary
is located at 17310 Redhill Avenue #270, Irvine, CA 92614-5637, telephone (800)
345-6244, (949) 250-1718, fax (949) 250-7404, http://www.magicsoftware.com/.
The Formula Group is an international information technology company principally
engaged, through its subsidiaries and affiliates, in providing software
consulting services, developing proprietary software products and producing
computer-based solutions.
Except for the historical information contained herein, the matters discussed in
this news release include forward-looking statements that may involve a number
of risks and uncertainties. Actual results may vary significantly based upon a
number of factors including, but not limited to, risks in product and technology
development, market acceptance of new products and continuing product
conditions, both here and abroad, release and sales of new products by strategic
resellers and customers, and other risk factors detailed in the Company's most
recent annual report and other filings with the Securities and Exchange
Commission.
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.
MAGIC SOFTWARE ENTERPRISES LTD.
(Registrant)
By /s/ Menachem Hasfari
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Menachem Hasfari
Chief Executive Officer
Date: January 27, 2003