Senstar Technologies (legal name: Magal Security Systems Ltd.) Declares a $40 Million Cash Distribution
YEHUD, ISRAEL, August 16, 2021 – Senstar Technologies (name change from Magal Security Systems, Ltd. is
pending) (NASDAQ: MAGS), a leading international provider of comprehensive physical, video, and access control
security products and solutions, announced today that the Board of Directors has declared a cash distribution to
shareholders in the amount of $1.725 per share (approximately $40 million in the aggregate), following the approval
of the shareholders and the receipt of court approval in Israel. The cash distribution will be paid in US$ on September 22, 2021 to shareholders of record on August 31, 2021. According to NASDAQ, the ex-dividend date for NASDAQ trading will be September 23, 2021, the day after the payment date.
