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home / news releases / MDGS - Medigus board files a motion to approve an up to $1.6M dividend distribution

MDGS - Medigus board files a motion to approve an up to $1.6M dividend distribution

Medigus Ltd.
  • Medigus ( NASDAQ: MDGS ) said on Thursday it had filed a motion with the Tel Aviv District Court Economic Department for approval of a dividend distribution  up to of $1.6M
  • The Company’s motion, if approved as requested, would permit the Company to distribute a dividend to the holders of the Company’s American Depositary Shares in proportion to their respective holdings.
  • Medigus is seeking  a court approval for a dividend distribution  in light of various legal restrictions that nullified its ability to buy back its shares under a previous court approval for a buyback, the company said.

For further details see:

Medigus board files a motion to approve an up to $1.6M dividend distribution
Stock Information
Company Name: Medigus Ltd.
Stock Symbol: MDGS
Market: NASDAQ
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