Allied Motion (AMOT) Announces 3-for-2 Stock Split

Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer that sells precision and specialty controlled motion products and solutions to the global market, announced that its Board of Directors, at its meeting today, approved a three-for-two stock split of the Company's common shares.

The split will be affected by issuing one additional share of common stock for every two shares of common stock held. The additional shares will be distributed on April 30, 2021 to stockholders of record as of the close of business on April 16, 2021. Fractional share amounts resulting from the split will be paid to shareholders in cash. Allied Motion’s common stock will begin trading on a split-adjusted basis on May 3, 2021.

In addition, the Company approved a quarterly cash dividend payment of $0.03 per share. The dividend will be payable on April 7, 2021 to stockholders of record as of the close of business on March 24, 2021. Dividends will be paid based on pre-split shares. Allied Motion has approximately 9.8 million shares of its common stock outstanding and, after the split, the Company will have approximately 14.6 million shares outstanding.

Dick Warzala, Chairman, President and CEO, commented, “These actions reflect our continuing growth prospects and confidence in our strategy to be a leading global provider of controlled motion solutions. We also expect the share split to enhance the trading volume in our common stock and assist in expanding our investor base.”

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