LMP Automotive Holdings, Inc. declared a special cash dividend of $1.24 per share payable on May 8, 2023, to all stockholders of record as of April 29, 2023
04 Maio 2023 - 5:00PM
LMP Automotive Holdings, Inc. (“LMP” or the “Company”), an
e-commerce and facilities-based automotive retailer in the United
States, declared a special cash dividend of $1.24 per share.
The dividend is anticipated to be paid on May 8, 2023, to all
stockholders of record as of April 29, 2023.
ABOUT LMP AUTOMOTIVE HOLDINGS, INC. LMP
Automotive Holdings, Inc. offers a wide array of products and
services fulfilling the entire vehicle ownership lifecycle,
including new and used vehicles, finance and insurance products and
automotive repair and maintenance.Our proprietary e-commerce
technology and strategy are designed to disrupt the industry by
leveraging our experienced teams, growing selection of owned
inventories and physical logistics network. We seek to provide
customers with a seamless experience both online and in person. Our
physical logistics network enables us to provide convenient free
delivery points for customers and provide services throughout the
entire ownership life cycle. We use digital technologies to lower
our customer acquisition costs, achieve operational efficiencies
and generate additional revenues. Our unique growth model generates
significant cash flows, which funds our innovation and expansion
into new geographical markets, along with strategically building
out dealership networks, creating personal transportation solutions
that consumers desire.
Investor Relations: LMP Automotive
Holdings, Inc. 500 East Broward Boulevard, Suite 1900 Fort
Lauderdale, FL 33394 investors@lmpah.com
For more information visit:
www.lmpmotors.com
FORWARD-LOOKING STATEMENTS: This press
release may contain “forward-looking statements” within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, each as amended. Such statements
include, but are not limited to, any statements relating to our
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar matters that are not
historical facts. These statements may be preceded by, followed by
or include the words “aim,” “anticipate,” “believe,” “estimate,”
“expect,” “forecast,” “intend,” “likely,” “outlook,” “plan,”
“potential,” “project,” “projection,” “seek,” “can,” “could,”
“may,” “should,” “would,” will,” the negatives thereof and other
words and terms of similar meanings. These forward-looking
statements are based on the Company’s current expectations and
beliefs concerning future developments and their potential effects
on the Company or any successor entity of the transaction and
include statements concerning the expected timing of closing the
transaction. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to: (i) the risk that the
Company is unable to enter into sales agreements with respect to
the Terminated Dealerships in a timely manner or at all, or on
favorable terms, (ii) the effect of the announcement or pendency of
the Plan of Liquidation on the Company’s business relationships,
operating results and business generally, (iii) the inability of
the Company to complete the Plan of Liquidation and distribute
proceeds to stockholders. There is no assurance that any
forward-looking statements will materialize. You are cautioned not
to place undue reliance on forward-looking statements, which
reflect expectations only as of this date. We expressly disclaim
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
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