EV Advanced Materials Decides 100% Stock Dividend Per Share

[Asia Economy Reporter Jang Hyowon] EV Advanced Materials announced on the 9th that it will conduct a 100% stock dividend, allocating 1 new share per 1 existing share, to activate stock trading and enhance shareholder value.

The record date for the new share allocation is August 26, and the scheduled listing date for the new shares is September 15.

The new shares issued through this stock dividend amount to 23,221,045 shares. After the completion of the capital increase, the total issued shares of EV Advanced Materials will increase from the existing 23,221,045 shares to 46,442,090 shares. Additionally, since the allocation is at a 1:1 ratio, no fractional shares will be issued.

An EV Advanced Materials official stated, “This stock dividend was decided to realize stock trading activation and shareholder value enhancement by expanding the number of issued shares. We will also do our best to establish a business diversification strategy currently being pursued by the company to improve corporate credibility.”

Meanwhile, EV Advanced Materials has completed the subscription for Series E preferred shares of ProLogium Technology Co., LTD., a Taiwanese company and the world’s first developer of all-solid-state batteries.

This content was produced with the assistance of AI translation services.