EM - Smart Share Global Limited Declares a Special Cash Dividend | Benzinga
SHANGHAI, China, March 11, 2024 (GLOBE NEWSWIRE) -- Smart Share Global Limited (NASDAQ:EM) ("Energy Monster" or the "Company"), a consumer tech company providing mobile device charging service, today announced that its Board of Directors approved a special cash dividend of US$0.015 per ordinary share, or US$0.03 per American Depositary Share ("ADS"), to holders of ordinary shares and holders of ADSs of record as of the close of business on May 31, 2024, U.S. Eastern Time, payable in U.S. dollars. Dividend to be paid to the Company's ADS holders through the depositary bank will be subject to the terms of the deposit agreement. The payment date is expected to be on or around June 7, 2024 for holders of ordinary shares and on or around June 14, 2024 for holders of ADSs.
The total amount of cash to be distributed for the dividend is expected to be approximately US$8 million, which will be funded by surplus cash on the Company's balance sheet. As of September 30, 2023, the Company had approximately RMB3.3 billion in cash and cash equivalents, short-term investments and restricted cash.
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