STOCK TITAN

Moatable Declares Special Cash Dividend of US$0.6057 per ADS and Ex-Dividend Date

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends

Moatable (MTBLY) has announced a special cash dividend of US$0.6057 per ADS (US$0.01346 per ordinary share), to be paid on March 27, 2025. The record date is set for March 17, 2025, at 5:00 p.m. Eastern Time.

Shareholders should note that Citibank, as the ADS depositary, will charge a distribution fee of US$0.05 per ADS, which will be deducted from the dividend amount. The ADSs will trade with due-bills through March 27, 2025, with the ex-dividend date set for March 28, 2025.

Moatable, which operates US-based SaaS businesses including Lofty and Trucker Path, will pay this special dividend from its current cash position. Each ADS represents 45 Class A ordinary shares and trades on the OTC Pink open market.

Moatable (MTBLY) ha annunciato un dividendo speciale in contante di US$0.6057 per ADS (US$0.01346 per azione ordinaria), che verrà pagato il 27 marzo 2025. La data di registrazione è fissata per il 17 marzo 2025, alle 17:00 ora orientale.

Gli azionisti devono notare che Citibank, in qualità di depositario ADS, addebiterà una commissione di distribuzione di US$0.05 per ADS, che verrà detratta dall'importo del dividendo. Gli ADS verranno scambiati con dovuti avvisi fino al 27 marzo 2025, con la data ex-dividendo fissata per il 28 marzo 2025.

Moatable, che gestisce attività SaaS con sede negli Stati Uniti, tra cui Lofty e Trucker Path, pagherà questo dividendo speciale dalla sua attuale posizione di cassa. Ogni ADS rappresenta 45 azioni ordinarie di Classe A e viene scambiato nel mercato OTC Pink.

Moatable (MTBLY) ha anunciado un dividendo especial en efectivo de US$0.6057 por ADS (US$0.01346 por acción ordinaria), que se pagará el 27 de marzo de 2025. La fecha de registro está establecida para el 17 de marzo de 2025 a las 5:00 p.m. hora del Este.

Los accionistas deben tener en cuenta que Citibank, como depositario de ADS, cobrará una tarifa de distribución de US$0.05 por ADS, que se deducirá del monto del dividendo. Los ADS se negociarán con avisos de deuda hasta el 27 de marzo de 2025, con la fecha ex-dividendo establecida para el 28 de marzo de 2025.

Moatable, que opera negocios de SaaS con sede en EE. UU., incluidos Lofty y Trucker Path, pagará este dividendo especial a partir de su posición de efectivo actual. Cada ADS representa 45 acciones ordinarias de Clase A y se negocia en el mercado OTC Pink.

Moatable (MTBLY)특별 현금 배당금으로 ADS당 US$0.6057(보통주당 US$0.01346)를 2025년 3월 27일에 지급한다고 발표했습니다. 기록일은 2025년 3월 17일 오후 5시 동부 표준시로 설정되어 있습니다.

주주들은 ADS 예탁기관인 Citibank가 ADS당 US$0.05의 배당금 분배 수수료를 부과할 것이라는 점에 유의해야 하며, 이는 배당금에서 차감됩니다. ADS는 2025년 3월 27일까지 배당금 지급 시점에 거래되며, 배당금 제외일은 2025년 3월 28일로 설정되어 있습니다.

Moatable은 Lofty 및 Trucker Path를 포함한 미국 기반 SaaS 비즈니스를 운영하며, 현재 현금 보유액에서 이 특별 배당금을 지급할 것입니다. 각 ADS는 45개의 클래스 A 보통주를 나타내며 OTC Pink 공개 시장에서 거래됩니다.

Moatable (MTBLY) a annoncé un dividende spécial en espèces de 0,6057 $ US par ADS (0,01346 $ US par action ordinaire), qui sera payé le 27 mars 2025. La date d'enregistrement est fixée au 17 mars 2025 à 17h00, heure de l'Est.

Les actionnaires doivent noter que Citibank, en tant que dépositaire des ADS, facturera des frais de distribution de 0,05 $ US par ADS, qui seront déduits du montant du dividende. Les ADS seront échangés avec des avis de paiement jusqu'au 27 mars 2025, avec une date ex-dividende fixée au 28 mars 2025.

Moatable, qui exploite des entreprises SaaS basées aux États-Unis, y compris Lofty et Trucker Path, paiera ce dividende spécial à partir de sa position de trésorerie actuelle. Chaque ADS représente 45 actions ordinaires de classe A et se négocie sur le marché OTC Pink.

Moatable (MTBLY) hat eine besondere Bardividende von US$0.6057 pro ADS (US$0.01346 pro Stammaktie) angekündigt, die am 27. März 2025 ausgezahlt wird. Der Stichtag ist auf den 17. März 2025 um 17:00 Uhr Eastern Time festgelegt.

Aktionäre sollten beachten, dass Citibank als ADS-Depotbank eine Verteilungsgebühr von US$0.05 pro ADS erhebt, die vom Dividendenbetrag abgezogen wird. Die ADS werden bis zum 27. März 2025 mit Dividendenansprüchen gehandelt, wobei das Ex-Dividenden-Datum auf den 28. März 2025 festgelegt ist.

Moatable, das in den USA ansässige SaaS-Unternehmen wie Lofty und Trucker Path betreibt, wird diese besondere Dividende aus seiner aktuellen Liquiditätsposition zahlen. Jede ADS repräsentiert 45 Stammaktien der Klasse A und wird im OTC Pink-Markt gehandelt.

Positive
  • Special dividend distribution indicates strong cash position
  • Immediate return of capital to shareholders
Negative
  • US$0.05 per ADS distribution fee reduces actual dividend payment
  • Reduction in company's cash reserves

PHOENIX, March 5, 2025 /PRNewswire/ -- Moatable, Inc. (OTC Pink: MTBLY) ("Moatable" or the "Company"), an operator of several US-based SaaS businesses, today announced that its Board of Directors has declared a special cash dividend (the "Special Dividend"). The Special Dividend will be paid from the Company's current cash position. 

The Special Dividend is expected to be paid on or about March 27, 2025 to all holders of Moatable's ordinary shares (including those in the form of American Depositary Shares ("ADSs"), each one (1) ADS currently representing 45 Class A ordinary shares) of record as of 5:00 p.m. Eastern Time on March 17, 2025. The amount of the Special Dividend is US$0.01346 per ordinary share, or US$0.6057 per ADS, in each case, prior to deduction of applicable taxes, fees and expenses. Citibank, N.A., as depositary for the ADSs (the "Depositary"), will charge a cash distribution fee of US$0.05 per ADS held as of the record date.  The ADS distribution fee will be borne by the holders of ADSs and will be deducted from the Special Dividend amount.

The ADSs will trade with "due-bills" representing an assignment of the right to receive the Special Dividend up through and inclusive of the expected payment date of March 27, 2025. The ex-dividend date will be March 28, 2025, the first business day following the payment date. Investors who sell their ADSs on or before the payment date will not be entitled to receive the Special Dividend. Due-bills obligate a seller of ADSs to deliver the dividend payable on such ADSs to the buyer. The due-bill obligations are settled customarily between the brokers representing the buyers and sellers of the ADSs. Moatable and the Depositary have no obligation for either the amount of the due-bill or the processing of the due-bill. Buyers and sellers of the ADSs should consult their broker before trading to be sure they understand the effect of the due-bill procedures.

The tax treatment of holding ordinary shares or ADSs to any particular investor will depend on the investor's particular tax circumstances. Moatable investors are urged to consult their tax advisor regarding the U.S. federal, state, local and foreign income and other tax consequences to them, in light of their particular investment or tax circumstances, of the receipt of the Special Dividend.

About Moatable Inc.

Moatable, Inc. (OTC Pink: MTBLY) operates two US-based SaaS businesses including Lofty and Trucker Path. Moatable's American Depositary Shares, each of which currently represents forty-five Class A ordinary shares, trade on OTC Pink open market under the symbol "MTBLY". For more news and information on Moatable, please visit Moatable.com.

Forward-Looking Statements

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Moatable's beliefs and expectations, including statements on making investments and operating businesses that generate long-term returns for investors, and expectations for future growth and innovation are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Moatable's goals and strategies; Moatable's future business development, financial condition and results of operations; Moatable's expectations regarding demand for and market acceptance of its services; Moatable's plans to enhance user experience, infrastructure and service offerings. Further information regarding these and other risks is included in our recent annual and quarterly reports on Form 10-K and Form 10-Q and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Moatable does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

 

Cision View original content:https://www.prnewswire.com/news-releases/moatable-declares-special-cash-dividend-of-us0-6057-per-ads-and-ex-dividend-date-302392286.html

SOURCE Moatable, Inc.

FAQ

What is the amount of Moatable's (MTBLY) special cash dividend per ADS?

Moatable's special cash dividend is US$0.6057 per ADS (US$0.01346 per ordinary share), minus a US$0.05 ADS distribution fee.

When is the record date for MTBLY's special dividend?

The record date is March 17, 2025, at 5:00 p.m. Eastern Time.

What is the payment date for Moatable's special dividend?

The special dividend payment is expected on March 27, 2025.

When is the ex-dividend date for MTBLY's special dividend?

The ex-dividend date is March 28, 2025, the first business day after the payment date.

How many ordinary shares does one Moatable ADS represent?

One Moatable ADS represents 45 Class A ordinary shares.
Moatable, Inc.

OTC:MTBLY

MTBLY Rankings

MTBLY Latest News

MTBLY Stock Data

45.57M
11.07M
21.06%
0.7%
0.03%
Software - Application
Technology
Link
United States
Phoenix