SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the Month of August 2003
_______________________
AMERICAN ISRAELI PAPER MILLS LTD.
(Translation of Registrant's Name into English)
P.O. Box 142, Hadera, Israel
(Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
|X| Form 20-F [ ] Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934:
[ ] Yes [X] No
Attached hereto as Exhibit 1 and incorporated herein by reference is
the Registrant's press release dated August 27, 2003.
SIGNATURE
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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.
AMERICAN ISRAELI PAPER MILLS
LTD.
(Registrant)
By: /s/ Lea Katz
--------------------------
Name: Lea Katz
Title: Corporate Secretary
Dated: August 27, 2003.
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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1. Press release dated August 27, 2003.
EXHIBIT 1
American Israeli Paper Mills Ltd. Declares Cash Dividend
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Wednesday August 27, 10:42 am ET
HADERA, Israel, Aug. 27 /PRNewswire-FirstCall/ -- The Board of Directors of
American Israeli Paper Mills Ltd. (Amex: AIP - News; the "Company") today
declared a cash dividend in a total amount of approximately NIS 75 million
(approximately $16.77 million), or NIS 19.04 ($4.2585) per share. The dividend
will be paid on September 23, 2003 to shareholders of record on September 10,
2003. The foregoing dollar value of the cash dividend is calculated based on the
exchange rate in effect on August 26, 2003 of NIS 4.471 to $1.00. The exact
dollar payment per each share will be determined on the record date, based on
the exchange rate on such date. The ex-dividend date on the American Stock
Exchange is September 8, 2003. The ex-dividend date on the Tel Aviv Stock
Exchange is September 11, 2003.
No Ordinary Share transfers between the Company's US and Israeli registers will
be permitted from September 8, 2003 through and including September 11, 2003, in
order to avoid any confusion that may result from the different ex-dividend
dates on the American Stock Exchange and the Tel Aviv Stock Exchange. The
temporary suspension of transfers between registers will not affect the trading
of the Company's Ordinary Shares on either the American Stock Exchange or the
Tel Aviv Stock Exchange.
The dividend is subject to a 25% tax imposed by the State of Israel.