Gravitas Education Updates Record Date of Special Cash Dividend

Provided By PR Newswire

Last update: Nov 3, 2023

BEIJING, Nov. 3, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that, further to its announcement regarding the payment of a special dividend dated September 21, 2023, the Company expects that the special dividend will be paid on or before the 21^st day after the date of the Closing (as defined below) to shareholders of record at the close of business in the Cayman Islands and holders of American depositary shares ("ADS(s)") at the close of business in New York on November 14, 2023. The Company expects the date of the Closing to be on or after November 15, 2023, subject to the satisfaction of certain closing conditions and regulatory approval related to the Merger (as defined below). The special cash dividend to be paid ranges from US$5.628 to US$6.085 per ADS, or from US$0.5628 to US$0.6085 per ordinary share. The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million.