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Shares in Ossia plunge over 30% following dividend correction announcement

Felicia Tan
Felicia Tan • 1 min read
Shares in Ossia plunge over 30% following dividend correction announcement
As at 9.40am, shares in Ossia were trading 3.8 cents lower, or 21.5% down, at 13.9 cents.
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Shares in Ossia International surged to a high of 17.7 cents in the morning of September 10 before the company requested a trading halt at 11.20am.

As it turns out, the increase was likely due to the erroneous cash dividend announcement the company made on September 9 after market trading hours.

In the announcement, Ossia declared its proposed and final dividend to be at 90 cents per share.

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