Phoenix New MediaA special cash dividend of $0.1714 per common share, equivalent to $13,712 per share, for a total of approximately US$100 million, will be distributed on December 13, 2019 to registered common shareholders as of the close of trading on November 29, 2019.

TencentSecurities November 14: Phoenix New Media (NYSE: FENG) today announced the results of its annual shareholders' meeting and announced a special cash dividend.

After the news broke, the pre-market stock price of Phoenix New Media surged 9.21% to $3.32 per share.

Phoenix New Media held the 2019 Annual General Meeting of Shareholders on November 14, 2019. All resolutions put forward at the meeting were formally approved by shareholders. Among them, shareholders have passed a resolution approving the election of Chi Xiaoyan as a director of the company and the resignation of He Ye as a director.

Phoenix News Media also announced today that the company's board of directors announced that on December 13, 2019, it will distribute a special cash dividend of $0.1714 per common share to registered common shareholders up to November 29, 2019, equivalent to $13,712 per share of American Depositary Shares, totaling about US$100 million.

As the custodian of Phoenix New Media's American Depositary Shares, J.P. Morgan expects to pay a cash distribution of $1.3512 per share of American Depositary Shares to the holders of Phoenix New Media's American Depositary Shares at the close of the above registration deadline after receiving a cash dividend on Phoenix New Media's common stock and deducting expenses and expenses.J.P. MorganIt is expected that this cash distribution will be paid to Phoenix New Media's American Depositary Stock Holders on December 13, 2019.

In connection with the announcement of a special cash dividend, the board of directors of Phoenix New Media also approved the payment of a special cash compensation totaling about 8.3 million US dollars to the company's option holders. (Nebula)