Sevcon Announces Record and Payment Dates for Series A Convertible Preferred Stock
March 25 2016 - 10:00AM
Sevcon, Inc. (Nasdaq:SEV), a world leader in the design and
manufacture of controls and battery chargers for zero emission
electric and hybrid vehicles, today announced that a semi-annual
dividend on the company's Series A Convertible Preferred Stock will
be payable on April 15, 2016, to shareholders of record at the
close of business on April 4, 2016. The dividend will be $0.48 per
share, representing the pro-rata amount for the period commencing
October 16, 2016.
Dividends on the Series A Convertible Preferred
Stock are payable on October 15 and April 15 each year at the rate
of 4 percent per annum of the stated value of $24 per share.
About Sevcon, Inc.
Sevcon is a global supplier of control and power
solutions for zero-emission, electric and hybrid vehicles. Its
products control on- and off-road vehicle speed and movement,
integrate specialized functions, optimize energy consumption and
help reduce air pollution. Sevcon’s newly acquired Bassi Division
produces battery chargers for electric vehicles; power management
and uninterrupted power source (UPS) systems for industrial,
medical and telecom applications; and electronic instrumentation
for battery laboratories. The company supplies customers from its
operations in the U.S., U.K., France, Germany, Italy, China and the
Asia Pacific region, as well as through an international dealer
network. Visit www.sevcon.com and www.bassi-srl.eu.
Contact:
David Calusdian
Sharon Merrill Associates
1 (617) 542 5300
SEV@InvestorRelations.com
Matt Boyle
President and CEO
1 (508) 281 5503
matt.boyle@Sevcon.com
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